Well, they would only show which brokers had the volume. My guess is that Lind will be trading through a broker but I'm not sure who they use.
I would suspect their footprint would be fairly well hidden with smaller orders coming through that amount to large quantities over time.
I do notice that we have a fair number of capping orders sitting at 13, 15, 18 & 23 (that 5m at 23 is especially important and is what's holding this market down). Unless of course whoever it is pulls it in time.
Either way we have a number of brake orders sitting there so we won't be going anywhere fast under the current conditions.
I guess below the 13/14 levels we have a sprinkling of irregular orders so either retail selling in frustration or someone like Lind offloading whole trying to hide their footprints. Keep in mind they have a truckload of options they can convert at any time at 10% discount to any chosen 5 day Vwap average in the last 20 days. Given where we are they can easily convert at say 0.7 or 0.8c and then dump on the way up at 12/13/14 for double their money. Not a bad return IMO.
At the slightly bigger picture I think your analysis is a good one. NM and PW are playing a waiting game while tin recovers and they can get T1 up and running. This could be years at current pace unless something changes the timing or urgency for NM/PW to drive it up. Who knows I guess it's possible.
As I reflect on this situation I see two distinct options for investors here:
1/ Load up at current levels if you can and then offload at say upto 100% trade profit. Not a bad strategy for limited returns and tax
2/ Load up now and wait until T1/T2 combo goes live and then just ride that train for a 1000% return. If you have time and don't mind just sitting for a time that might be a good option. Problem here is the wait and periods of time spent in red.
3/ Have a core holding long, then take smaller parcels to trade as ANW zigzags up a bit. This option is my current preferred approach but still requires a bit of knowledge, patience and skill.
All IMO of course and not advice just opinion of how I see this market at present.
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Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $8.184K | 909.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1850928 | 0.9¢ |
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Price($) | Vol. | No. |
---|---|---|
1.0¢ | 337721 | 1 |
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No. | Vol. | Price($) |
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3 | 1850928 | 0.009 |
10 | 2988919 | 0.008 |
4 | 992855 | 0.007 |
4 | 999161 | 0.006 |
4 | 2250000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 337721 | 1 |
0.011 | 789570 | 5 |
0.012 | 81280 | 3 |
0.013 | 944662 | 2 |
0.014 | 71499 | 1 |
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