[e-gold-list] market thrills ..
jpm
Wed, 03 Dec 2003 15:42:56 -0800
(Where's Danny for an analysis?!)
https://www.dbourse.com/guests/
I noticed that over the last few weeks there was sort of a "offer
war" -- somebody wanted to sell a share at 104, then someone
undercut them at 103.90 and so on ... the cheapest sale for sale now
is 102.9, currently!
Secondly, there is a similar sort of "bid war" -- two cheap bastards
started a kind of bid war at about 70 and it has slowly been
escalating and you can see now one guy had a bid at 90.00 so the
other guy went 90.02 !
(There are no large tranches at all for sale, only a handful.)
Thirdly the following amazing observation occured to me .... you
would imagine there are some people who have large numbers of shares
(20, 30 etc) who accumulate their dividend each month in the DBO
account. (I just spend my enormous dividend - but I imagine some
people accumulate it.) Now, consider, some of these people must have
reached a point of having 100 odd grams (drool) so they will want to
buy another share. This is an aspect of micromarkets I hadn't
thought of. Or, they could be buying the "secondary" TGC shares that
are sold on pvcse.
Fourthly -- the sensation of being paid .62 grams, forty times, at
Noon on the first of the month is something like this: imagine waking
up in the morning, but you aren't tired or hungry and have no cobwebs
in your eyes, you sit up in zero gravity and find you are sitting
naked in the sunshine on a bed of daffodils in the midst of endless
perfect green fields while seven virgin maidens pour cream and
strawberries over your body from oak buckets as a flawless string
quartet tunes up in the distance and two English butlers serve you
vintage bubbly, caviar and blinis - that is in fact, exactly the
sensation you get when 25 odd grams of gold is shoved at you for no
other reason than its the 1st of the month; except its much better.
Fifthly, https://www.dbourse.com/reports/tgc/ the dividend will
increas to SIX FIVE on new years day. Since that is almost 10%
increase since the launch, I wonder if there will be any extra
trading around the dividend
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[e-gold-list] market thrills ..
jpm