POS 7.69% 0.7¢ poseidon nickel limited

164M Shares traded since 2 July

  1. 9,612 Posts.
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    I have calculated that since 2 July 14 to today 164.3M shares from 510M on issue in POS have been sold and bought. Thats 32.2% of all stock on issue changed hands in 8 weeks being 40 trading days, average of 4.1M shares per day.

    The last large volume was on 8 and 13 august the volume on the downside spiked up to 8.9M and 6.6M shares on those days at 17c and 18c which mimics the pattern on the way through 17.5c between 15-22 July 14. before it went on to that 22-24c resistance. The SP intraday on those days was higher than the closing trade so it looked like less had happened than it had, This is the same pattern now - POS today traded at 17.5c to 18c with most volume though at 18c for 1M buy order and at day end it got dropped down to 17.5c. Last time it cracked through 17.5c it went straight to 22c then continued to 24c top.

    To me watching this closely it is a manipulation,
    someone buys 1M at 18c then cracks it down end of day by 0.5c with 4k & 20k at end of day the last 4 days straight. Deliberately trying to make it look like nothing happened and cap the stock end of day to entice sellers to follow it down. The problem is that the volume to 30c is light on comparative to the volume last 8 weeks . Even today it sat at 18c-19c mexican stand off for about 2 hours between 130pm to 330pm EST and the buyer didnt take the 19c and the sellers at 19c didnt budge. The buyer then sold it down to himself to 17.5c end of day again. The Last 2 mexican standoffs like this have resulted in SP spike from 17.5 -22c and 15.5c to 17.5c/18c.

    I reckon there is another spike coming on this pattern, the sellers are not budging, the intraday spikes are showing the buyer is a motivated manipulator moving his bids and offers every few 10 minutes as he must be accumulating or knows something and it looks like SIs or bank traders like Black Swan Broking or Macquarie Equities who have made the ring around to get LTHs to sell at 17.5c for a larger buyer client If this manipulation didnt happen the SP would be at 19.5c right now.

    The buyers appear to be 2 different groups with large funds at their disposal and seem happy to sell some at a loss end of day to get stock cheaper the next day. The sellers are gettin smart and avoiding sellin at all. I am one of those, My broker called me to sell at 17.5c and i said no way until its 50c. My broker did not like hearing i was reading HC! The brokers seem to be testing those POS holders who are not following this or who are in the dark or want out. I reckon a big secret is out there and they are shaking the tree till there is nothing left to fall out and the smart monkeys keep climbing higher.

    The remaining 45% of LTHs are AF or his FMG buddies/holders/management and another 15% farmers/masos who have been in for 7-14 years who went with it to $3 and that leaves only another 7% of LTHs in POS of 35M shares who might sell at 20-40c. Many of these remaining 7% LTHs did not sell at 25c last year or at 23c last month so they are stubborn old racsals. Either way the sellers are dryin up at this range 16-18c. The evaporated volume is tellin us. Any buyer will have to spike it and then sell it down to himself to hide his tracks. Its happened last 4 days in a row.

    MESSAGE TO POS holders- DO NOT SELL OR PUT ON ANY OFFERS TO SELL AT ANY PRICE, it may be whipped and flushed up shortly, there is not enough real sellers left after 32% of LTHs have sold the last 8 weeks.
 
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Last
0.7¢
Change
0.001(7.69%)
Mkt cap ! $25.99M
Open High Low Value Volume
0.6¢ 0.7¢ 0.6¢ $26.12K 4.300M

Buyers (Bids)

No. Vol. Price($)
72 56538951 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 24725096 52
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
0.7¢
  Change
0.001 ( 8.33 %)
Open High Low Volume
0.6¢ 0.7¢ 0.6¢ 1601919
Last updated 15.59pm 03/05/2024 ?
POS (ASX) Chart
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