t3 sellers, page-9

Ok then lets analyze the last 14 days of trading.

Notice there has been a lot of chit chat about volumes and gaps and charting stuff so i will start with the chart and then go to the fundamentals.


Firstly yes we do have a gap but the gap is between .19 and .215. There is no gap between .13 and .135 because there is nothing to fill there unless .13256 is now a trading number on a chart Technically there is no gap look it up. As far as the other gap goes well is it a Common Gap, Breakaway Gap, Runaway Gap or a Exhaustion Gap? Time well tell and also if we need to fill it.

As far as the volume goes it started after the MACD crossed and broke the Divengence which is a clear buy signal for the TA day trader this could easily explain the sudden increase in volume. The RSI also started to look very bullish on the 30/12/08 also another buy signal for the TA day trader and could be another reason why we seen the volume upswing.

Now to my favs the fundamentals (sorry to all the TA's out there but i think your all witch doctors LOL)
People only needed to read the work schedule to see that from Xmas onwards there would be 2 drill rigs working this in itself would have sparked a lot of interest and i think most would agree at the moment that a .10c SP with this sort of activity is a pretty good deal. At around the time we seen the increased volume was 138 was also about half way down.
We also seen a pretty good swing in the general market also at this time.
I am guessing that it is the 30/12/08 where you think the insiders hit. On the 30th we had 3 trades, the first trade was actually a sell from .10c to .095 on open of 40,000 share, the second was a buy at .10c to of 80,000 shares at about 1:30pm and the third was a buy of 42,170 at close at .11c. Now i know if i had inside info i would go for a lot more than 122,170 shares. And as far as the sell lines thinning with the good news coming in and the charts starting to go bullish you would have to be a rabbit for leaving low sell orders in wouldn't you?

In the end i guess it is a lot easier to come up with conspiracy theory's than it is to actually do the hard work to see what is coursing the movements. And i guess we all have our own ways of doing things but for me i will stick with the things i can see with my eyes open not the things i see with my eyes shut.


Cheers