BLV 0.00% 1.6¢ blossomvale holdings ltd

for the record ... , page-7

  1. jct
    739 Posts.
    re: for the record ... bauusie I agree with your view of the munch effect thing happening Baussie ... if there is news. However, although the buyers have built up on the bottom side now, the munching was happening on the top end well before the recent buyers got a chance to sit where they are now. The munch effect was happening while the last sale price was still going down.

    It was clear what was going on. There have been so many days where 40-60k or more have accumulated in small holdings and then been suddenly snapped up without warning in one larger packet and without anyone adding to the buyers stack at all. After that, the day's trading would close down on a tiny 1-2k trader sale (or someone needing cash). NMS has been in a false reality price decrease situation for a while now. If I am wrong in this, I am happy to admit it and will happily eat my words for those who seem so concerned about my approach to investment. Until the company manages to make its first real plays on the global market however, over this and next year, I won't.

    It seems is all starting to become clear even for those who didn't want to see it before. As you say Baussie, any upward pressure on the price now will be quite accentuated. Those who want, but don't have a considerable holdings will basically miss out on the first stage of substantial rally. I'm not talking about traders who deal with a couple of thousand dollars worth at a time... I never have. But they will only add to the effect.

    There has obviously been a lot of weeding going on in the last few months in particular with the buying pattern which has developed. Better quality investors have stepped in in larger volumes and the guys who get bored easily have stepped out in small volumes.
 
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