heres my take on it
Impatient accumulators of the psst week.....me included hoping for 7-7.5c........wasn't happening.
Brokers presentations......lets hit the SP then.
They (large buyers) were probably more than happy to buy anywhere up to 10c.........as they accumulated at 10c last time......if anyone remembers.
So they found the right time, pulled the trigger and kept buying all the way up to 10c.......as many as possible.....they were always happy to pay up to 10c.....but why when u can pay less.......which they now have averaged out from 7.8-10c...nice.
The big fellas dont care about the 2-3 cents........especially when they know the SP will be more than double what it is come march/april/may.
Its about accumulating.......not about the SP at the time.......they already know its cheap.....just takes the sideliners more time to work it out, and they inevitably buy on the run up......not always the best thing to do, can be risky.....
Sure as the sun will come up tomorrow, they will dump a few, scare the less educated out AGAIN, and start the process over.....just sit tight, don't sell.
How many sold out at 7-8c over the past 3 weeks when they bought initially at say 10-11c.......millions.........and if they had only held for 4 weeks they wouldnt have copped a loss.
This is going to be big...........make no qualms about it
25c minimum by Easter........choice is yours.
FDL
flinders diamonds limited
