I'm in two minds about games played with the SP. That is if indeed games are being played or just us shareholders being too impatient. Every bad always comes with something good.
Not sure about others, but I've tripled my holdings in GMV from my first target holding level. I've done that of course based on fundamentals and directors buying on market, major confidence boost for me. But the other point to be made is that at around 30c I can buy a whole lot of more shares than at 50c. I agree, it is nice on paper to feel that paper profit, but really if nothing has changed in fundamentals then we are as good today at 30c as we would have been if SP was 50c.
Lastly, whoever has wanted to accumulate this over last few months have done a great job. All they've done is put up a sizeable buy order a couple of pips lower and there's been enough supply to feed them. Talk about making their job easy! This has gone on all the way down to the odd 30c, but of course it does as long as there are sellers. So until buyers show up this will keep feeding the hungry.... Of course it will stop when anticipated news come. Games played or not, it's what it is. It's up to us holders to determine the fate waiting for us. Do you want to be part of the feeders? Or hold your line until we reach the end of the rainbow?
GMV
Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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