SMC 0.00% 46.0¢ strategic minerals corporation nl

Beware

  1. 6,975 Posts.
    G'day folks,

    When I see the kind of bid on SMC this morning - 1m wanted at 14c - I immediately think distribution is at hand. This kind of bid is aimed at creating a huge interest so that a few million shares can be distributed - remember SMC has 200m or so. The share price goes up two or three cents but is met with a high volume of selling.

    If you are in it could be the time to sell into the turnover created. Just my humble opinion of course and not necessarily so.


 
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55.0¢ 55085 2
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