Well, I wouldn't say it was back a vengeance just yet, but we have seen some movement on the market since it's re-opening a fortnight ago.
We mentioned just after the opening there was a commonly held opinion it may take a little while for the users to return and it seems they are slowly coming back online, with around 150 active users stated in the average 24hr period. There also seems to be some new faces coming on board via the Facebook channel, with the 25,000 user number now topping 27,700. Not a bad increase in less than a month with minimal media.
On the trading front; there have been a few solid days topping W$200k turnover with the largest day recorded being yesterday at almost W$260k with over 196k shares changing hands.
The biggest movers thus far being AMI, RDX, SNE, CAR and SIM, all managing some good numbers across the 2 week period.
Prices on these shares have varied, with most increasing slightly and some retracting to find support at a more reasonable value. As stated earlier, those holding shares prior to the relaunch seem to be holding for higher prices, which is a double-edged sword, but does bode well for those of us in for long positions. Some initially expected a sell-off, but the World Stock Exchange has obviously proven it's place on the virtual exchange stage with this relaunch.
Still a little early to be producing reasonable speculative analysis and some CEO's are yet to release full financials and forecasts.
Pie-in-the-sky:
- Redux Technologies (RDX) - Highly respected scripting, recovered well from pre-WSE4.0 undervalue, great financials, great forecast.
- Sarah Nerd Mainland Estate Holdings (SNE) - Ever the rock, ever resistant, Second Lifes' Linden Lab and potential mainland changes look to increase value of mainland by removing some of the nasties and re-focusing on communities, SNE is one of the best placed to capitalize on this.
Once again, check back for Splinkrot's analysis on WSE4.0 (once the kinks are ironed out) and keep on tradin'!!
Sincerely,
Logansan Oh.