GMD 3.91% $2.53 genesis minerals limited

Ann: Outstanding Shallow Drill Results at Orient Well NW, page-20

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  1. 2,285 Posts.
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    Yes rob1605, not with just this stock, it's happening with lots of stocks, people get enthusiastic after drill results and the share price shoots up, or they hear a rumour and it shoots up, then we get the usual lull until the next set of results sometime down the track, and the stock price retraces a little, but with some luck, not back to it's original position (though often it does, especially with small caps). It often takes some conviction from a big reputable buyer to move these to the next level.

    Buy the rumour, sell the fact - it often works, but not always. I'm not a trader, so this type of movement doesn't bother me much, but I suspect I am like you, and it is interesting to watch.

    I am sensing that you may be right though, and am looking out for possibly some drilling results, and also a change in substantial holding notice. Maybe we will see both.

    Gold is becoming interesting again.

    Gw
 
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