K2P 0.00% 18.0¢ kore potash limited

how are you guys so sure this is manipulation?, page-16

  1. 5,973 Posts.
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    Hi Guys,

    I am back this morning. But I have to do a lot of work for my import business today and tomorrow.

    I have parked my investment in a secured parking area (ELM!) and was not worrying at all.

    There are a lot of good news (I have read, and will post here soon) for the potash market just recently due to the increasing food prices which are believed to be going much higher than the current levels in this and next year. That is the insurance of higher potash prices soon, and so is ELM's share price.

    All good for now.
    If you look at the potash producer prices in USA and CA, they are not going down much at all. Only the tricky explorers are going down severely. So no problems with ELM.

    ELM sp has a strong support at $2.30 because of 50% Fibonacci level, and has a much stronger and solid support at $2.20 because of 61.8% Fibonacci level(from start of March). $2.20 is also the bottom level of long term upwards trendline. The sp would also thouch the bottom level of the bollinger band at $2.20. So it is very strong. (I would buy there, I would but even here at $2.30)

    I am thinking to buy some more ELM in next couple of days at these levels, (less or more). I'll do that after checking and assesing the details of recent anns. for 18th May General Meeting and share issue plans.

 
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