TTR 0.00% 40.0¢ tectonic resources nl

momentum upwards continues, page-17

  1. 2,461 Posts.
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    yes jimjim holding up very well because there is someone buying up all they can get in the 10 to 11 cent range at the moment - they know of TTRs potential and are in to make a profit. If it is Pegmont buying they have been doing very well investing in the junior mining companies. Pegmont is listed on the Newcastle Stock Exchange ( website nsxa.com.au ) Pegmonts code is PMI (their website is http://www.pegmont.com.au ).

    The large orders at 14.5 and 15 cents are either there for the psychological effect of increasing the volume on the selling side of the equation - no body likes to see a lot more sellers than buyers. The other scenario it is someone who is confident the share price will spike soon and has a sell target price and is happy to get in line. I suspect the former is the case - that is a bogus sell order (ie they will withdraw the offer when the market price rises to around 13 to 14 cents).

    TTR finished the day with momentun at 11 cents - no announcements still !!!! Will have a chat with them next week sometime.
 
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