RHK 0.63% 80.5¢ red hawk mining limited

confidence returning, page-15

  1. 1,377 Posts.
    Hello princess1,

    I must admit that recently there has been a fair bit of orchestrated downramping going on. Ive always thought that ramping in any form has very little if any impact on the market. However in situations where the bigger players are waiting in the sidelines pending news the smaller players are more likely to be impacted by constant negative ramping and get spooked into selling. But thats the market for you. I tend to ignore low volume days with moves up or down as being a small number of traders who buy or sell according to the sentiment on the day.

    What I do take note of is days when there is real movement at the station either up or down on higher than normal volume. I noted this recently when the sp was trading between 17-18c on higher volume. The larger buyers were in my opinion setting their positions before any expected news was due. It looks from the posts over the last day or two that word seems to be out that an announcement will soon be made. Sometimes on threads there will be rampers who are simply put forward rumours that have no basis except to ramp the stock. In other cases though the rumour may be aligned to what most investors had been expecting except they were unsure of the timing. In this case I believe those who are saying an announcement is imminent either by the end of the week or sometime next week are on the money. I sense a consistency about the rumour and it seems to be aligned to what many FMS investors had been expecting.

    News of action at the station will be welcomed by all serious FMS investors who want to see the exploration program achieving results.

    Good Luck to all FMS holders.
 
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