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Spreadsheet Ranger

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Dammit African Phoenix Investments Ltd (AXLJ) just do not want to fly higher!

 

Two stocks at the moment keeping me back AXL I guess 40% profit is nothing to complain about, but we all know this phoenix can fly so much higher so I must just convince myself not to sell now.

 

Then Taste Holdings, this stock is driving me up the wall now, no updates from management whatsoever.

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AXL massive massive massive volumes, yet that share either moves back or moves nothing. Why! World, why?

My bad, sorry, I predicted it would happen last week:  :(

.... But normally, after I buy something based on anything, the price always starts to drop... I'll go buy a few shares on EE, let's see if AXL falls today  ::P .. .

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AXL has a Volume of 35,740,012 so far. Is it just me or is that A LOT?

 

Read the SENS:

 

The Ball Family Trust has acquired a beneficial interest in the ordinary

securities of the Company, such that its entire beneficial interest amounts to 5.14% of the total

number of ordinary securities in issue.

 

Trovica Proprietary Limited has acquired a beneficial interest in the ordinary

securities of the Company, such that its entire beneficial interest amounts to 5.14% of the total

number of ordinary securities in issue.

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I did, now I am confused. If those bought such large stakes it should mean there is less shares available hence higher price, classic supply and demand?

 

I assume this works nothing like that.

 

So then we should all go and buy more while the price is low? 

 

Or should I go buy some more so that the price will drop and everyone can buy at a discount??

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I did, now I am confused. If those bought such large stakes it should mean there is less shares available hence higher price, classic supply and demand?

 

I assume this works nothing like that.

 

Me neither, but guessing the coincidence can't be ignored

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