FMG Technical Analysis, page-164

good old rosa hey, I called him out only the other day, im missing his really genuine share price predictions.

like I said the best subtle up ramping ive ever seen on these forums, funny how we haven't seen any more predictions.

I guess now that his probably in a short position after ramping the stock, there's no need to post any further.

ohhh and his not alone, what about all the fools that pressed the like button and supported the up ramping and encouraged this up ramping behaviour.

and to think I got rubbished by my 5.5-5.6 prediction a few weeks ago, look like I was actually conservative, yet someone can come on here with outrageous forecasts of 6.50 and all the delusion people hit the like button to support their personal agenda, blind fredy could see that there was no catalyst to support a solid breach of the 6 bucks let alone a 6.50 handle

what an absolute load of rubbish, hell of a lot of egg on peoples faces now hey, anyway 6.50 by tomorrow 21st, don't stress people all is well


this constant up ramping is a joke, and that's why I will call it out, it even can cloud my judgement at times and make me second guess my own decisions, one of the problems of trying to remain objective I guess, could you imagine the less sophisticated mums and dads that bought in at the 6 mark thinking it was going to 6.50.

here is something constructive, at some point the share price will get support, the sole reason will be that the pending div yield will be way to compelling to be ignored even though the ex div date is still far away, people need to learn the basics of markets, one basic is the solid fact that money is rotating in and out of stocks every minute of day on the asx predominately chasing for yield, there are very minimal loyal shareholders these days.

Even though it goes against my current position (5.75 strikes) this may drop to 5.10-5.20, at which point div yield will be irresistible and also the prospect of future growth as a result of balance sheet being very solid will be too hard to ignore. In fact at current prices its pretty damn compelling in my view.

anyway that's my view, good luck.