TIH 0.00% 0.0¢ tillegrah limited

LWP Short and Long Term possibilities (3-6, 6-18 months), page-283

  1. 1,345 Posts.
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    Great day today, so much buying @ the $0.004 level, then great to see 2.3M bought @ $0.005 to close us out.

    Also good to see a new poster coming to our little forum. Good to have you here @MyNameIsPeter, i think you will fit right in with @Gapeseed, marty, epic and the others. I'll reserve you a seat at the table

    Onto serious business, I've made the chart below to point out something that one of my mates called me about today.

    Over the last few days / weeks the trading volume is picking up, and consistently as well - especially compared to the last 5/6 months. You can see this with the green arrow compared to the red arrows.

    No doubt you could say: "Yea, well everyone is selling so of course the volume is increasing". True, true, but remember for every sell there is a buy. Who is buying? the volume suggests more then 'mum and dad' investors, and the phone call from my friend was very interesting.

    LEGAL DISCLAIMER: My friend is not associated in anyway to LWP.

    Picture1.png

    What i've also highlighted are some other periods of interest. Important to note that excluding some 'special' days between October and February (including some long-timers getting out, and people wanting to make a quick buck leaving as well), the overall trading volume has been quite subdued. Until now.

    Also take note of the large volumes in August 2015. The market was expecting a US JV but an Indian one was announced. Lots of turnover driving the price lower, with the technical buying coming in once it was overbought to bring the price back up.

    Also, the trading on and around the release of the test results is surprisingly low - meaning not too many shares traded hands at that time.

    So what does all this mean?
    Well, IMHO it says that there will be a large number of holders with a breakeven somewhere $0.008 to $0.0010, possibly higher. There hasn't been anywhere near enough volume over the last 6 months to recycle everyone's holdings, and the share price hasn't been high enough anyway

    It also means to me that there are many people lying in wait, either refusing to sell at these low prices or believing (as i do) in the strategy and opportunity that LWP brings.

    And once again (in case i haven't been clear enough ), the volume has picked up. People are wanting to buy shares are these prices, and the price is rising. We have tested $0.005 twice now since the 'lovers tiff'.

    Where are all these recent buyers coming from? A good question indeed.
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