TLG - Media, page-5351

"I don't see any buying pressure forming either, someone is keeping it here"

On the contrary, I'm encouraged by what appears to be very strong support around $1.30. We just had a major shareholder dump a huge number of shares on the OTCBB market, and we've managed to absorb it reasonably well on the ASX (on OTCBB price fell to $0.90 or $1.23 AUD). Frankly, it would be stupid to bid up the price in this environment until end of the day, earliest. If I were buying right now, I'd be bidding $1.305 and waiting to see if there's any more dumping.

"how do you know they are not going to dump more?"

You can only dump your shares once. There's only a handful of shareholders holding enough shares to unload the volume we saw on the OTCBB and even fewer shareholders holding enough shares to continue dumping further.

"need some negative sentiment on this stock, everyone is too positive"

I try not to let my sentiment on any stock be dictated by movement in the SP (good or bad) and instead stick to long-term outlooks based on my research. Short-term price movement can be a result of all kinds of oddities that have nothing to do with the company, but good companies will always find their way back to the fundamentals eventually. I've been scouring the internet, and, as far as I can tell, nothing has changed with Talga's fundamentals. So, I remain positive.