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Normally fundies invest not for 50-100% gains in small cap...

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ndpjai

1,676 Posts.

6

24/09/15

12:40

Post #: 16051411
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Originally posted by trythree ↑

Yep, tbh we're only down here and not above the 20s due to one irrational seller, we all know very well who.

Just one look at the market cap to the left of the screen, compared to the revenue generating ability of the business makes you realise how overdone the selling is. We had some pretty big global names fighting over shares at 18-19 cents only months ago don't forget. I've got pretty strong confidence that if any decent selling volume were to turn up again they'd be more than happy to step up to the plate. and mop it up.

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Normally fundies invest not for 50-100% gains in small cap stocks due to highest risk, atleast 400% gains is what they prefer. I would expect atleast high 30's as first real major resistance for E88 SP.

I feel acorn will keep drip feeding their last remaining shares to keep SP below 20c.

E88 Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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