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Latest news released officially at Global Voice website today (26 June 06) for the completion of the acquisition of long haul network from Viatel.
URL as shown below:
http://www.listedcompany.com/ir/globalvoice
URL as shown below:
http://www.listedcompany.com/ir/globalvoice
Seems that Global voice is still going down, any ideas whether it will go up or down?
Beta Antalis Establishment reduced its stake in Global Voice from 7% to 6.1%.
Anyone know about this Beta Antalis Establishment? Is this a hedge fund?
It may also mean that big boys with their big stakes are buying and retail investors with their small holdings are selling.
It means that there are more buyers on the way up and less sellers on the way down. Just a correction before going up again.
i don't really understand... why is low volume selling good? can explain to me?
Selling on lower volumes may be a good sign. May move towards recent high of 22c. Whether it breaks or not will depend on strong volume.
weekly trading pick :D
http://kelongstocks.blogspot.com
I believe the trend is reversing downwards already. RSI and A/D line are dropping
Mackenzie Cundill Recovery Fund doubled its stake since the start of the month to 8.35%. Now it has 200 mln shares of Global Voice.
Global Voice is issuing up to 40 mln euros in convertible bonds maturing in 2011.
Heh! Prospects shd b good cos' revenue positive for 2005. Remember Aesop's fable "Slow and steady wins the race"? Remember Job? Be as patient as Job, and slow and steady as the Tortoise to win.
Mackenzie Cundill Recovery Fund bought 27.665 mln shares on 3/4 at 18.14c.
This stock could surge soon.
I think the reason the bulk of the valume was done in the morning was because a US fund was buying. JPMorgan Chase bought nearly 25 mln shares on 15/3. Price was not disclosed, but I think it's around 13.5c.
From the chart, it can be seen that the 200-day moving average is providing some support.
Total volume was 65.5mln. Volume at lunchtime was 58.7mln. That means only 6.8mln transacted after lunch.
Something fishy. Some big boys sold short, caught wrong-footed and bought back?
it's just a bear trap lah! many took this opportunity to offload.
15/3, volume hit high 58 million and closing @ 14.5cents before lunch. Dont get trap. Buy @ 14 cents only.
Looking @ the volume pass few days which is <10,000,000 suggested that there are no buyers and no sellers. It is a force selling to cover for the last few days. Wait for volume to increase >20,000,000 before taking action. It is a downward trend.
all small caps are not safe! you're playing with fire!! Ha!