Last week I wrote about this stock and how it’s rising so fast you probably can’t get to it. It had gained 71% back then and it looked sure to go above 100% only that I didn’t know it will get to 146.75% and probably still climbing. The stock you rightly guessed is [upme_private] Premier Breweries and its has enjoyed a rally that in its 4th week.
Like I mentioned in a prior blog post the volume of trade is so small you probably can’t buy it. And even if you did buy it probably will be in very small volumes that will not amount to more than N100,000. Should I be worried about not getting in on the ride? Nope! Is this type of trade good for the stock market? I don’t think so. Who is pushing the prices up inadvertently or intentionally? Well, these days the buyer never knows who the sellers are and vice n versa. Is it a bubble? Very much so in my opinion at least till they release their results.
|Last 7 Days Trades|
|August 28th 2014||1.9||219326|
|August 27th 2014||1.81||50700|
|August 26th 2014||1.65||20400|
|August 25th 2014||1.65||50500|
|August 22nd 2014||1.58||50812|
|August 21st 2014||1.44||50200|
|August 20th 2014||1.38||50100|