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BobLoblaw

958 Posts.

31

22/05/18

11:55

Post #: 33249723
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Originally posted by jwb2618 ↑

Bob, it's not a "mantra"
I fully understand how charting works.
With AKP, the top 20 hold about 60% of the stock. Trying to predict what they will do is impossible. But one sure thing is that they don't sell. A tiny fraction of 1 % of AKP shares change hands daily, beer money and bus fares. What really changes stock prices is the perception of news - good or bad. And I repeat... this is a stock that has no sales, no profits and no dividends. The only reason it still survives is that members of the top 20 keep propping it up with their own money. AKP has never gone to the market to raise capital.
Trying to chart a stock like this, in my humble opinion, is a waste of time. This is not like BHP or NAB with regular announcements etc. Getting information out of AKP is like pulling teeth.
But, I wait and hope.

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This response confirms to me that you think you fully understand how charting works.

AKP Price at posting: $21.85 Sentiment: None Disclosure: Not Held
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