you buy shares on your own, push up the price, with no body to sell to?
if you are most of the market then naturally the share price has no buying support & the share price is a false representation of market sentiment
if you are the only believer, where most of the market is not interested, what is the good of that?
a company with code MAC is a 16 bagger this year, based on insignificant liquidity & probably the same people buying
its market capitalisation is $31m and all they have is two very small & highly marginal low grade Indonesian coal project which are basically worthless in the current market. company's with better projects have market caps of $5m to $10m
yet the MAC buyers believe they can keep pushing up the share price. these MAC buyers are living in their own bubble & when the company inevitably does not perform, they have absolutely no one to sell to
pushing a EMS share price from 2.8 cents to 4.1 cents is nothing to boast about
EMS Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held