wotzon- thanks for infoing me re LNC and pointing out the end result price wise ultimately from a Springtree Investment.
I've done a search re Springtree and their business and ASX investments but it's early days and have not come to conclusions.
Overall I think this Springtree Investment is a good thing.Preferable to 3 monthly Sophisticated Investor placements.It provides a Guaranteed Cash Flow when Capital Raising may be difficult in a looming Financial "Crisis".
It remains to be seen if Springtree is committed to these monthly inflows even if we get into Darker Days.
So anyway I'm not seeing Springtree as a " super-villan" on a par with Dave Gellbaum.I'm just looking to trade what I perceive as part of their Investment Plan ie "encouraging" price falls before/at the specified 3 day VWAP calculation by "aggressive" Selling.
Now the June Trache at 38cents was aided and abbetted by our Institution having to sell at any price because of heavy rededemptions.This added to Selling Pressure along with Tax Loss general activity.It should be noted that Springtree took full advantage of this situation by buying a Double Trache at that record low with their further discount as per plan B.
For July we do not know that the Redemption Institution has left the Market.
We do know that a "scrap" of good news [TATA seemingly committed to Industrial Production] as well as the Carbon Tax fillip to alternative energy shares happened causing a spike in Dye shareprice but we now are looking at a retrace that as you point out,wotzon is heading for lower low for July.
These are micro elements observable from DYE's 3 month chart.
3 months to take in the early May Placement at 65 cents and the inital position taking by Springtree.
Also from the 3 mth one can "read" an uptrend from 40cents was broken by last thursday's close.
Chart also shows the 150DMA proved resistance as well as the 60DMA was broken down under also by Thursday trading.
In TA both these MA's are conservative benchmarks for Buying and Holding a share so DYE's current TA position is to Sell/Stop Loss.
What I'm trying to get across to any orthodox investors is that there MAY be a different scheme of things happening because of Springtree being able,legally and legitimately,to trade the DYE Market,dominate the DYE market thru selling.
Springtree has a guaranteed BUY "Deal",it just has to cannily cash flow this commitment and I'm trying to reveal/find this Big Boy Business Trick so frankly I can play too.
It has to be understood that this is all risk and speculation.Even if Springtree is performing the "trick" I suspect,outside influences to the Market such as another euro country credit default or even the Yanks waking up to the fact that they're NOT God's own country etc will easily over ride/rule any Springtree machinations.
The only way we poor Pilgrims to Mammon will know for certain exactly what Springtree is up to is
i]When they have been issued with 5% of the Total Shares on Issue and a Substantial Holder Note issues giving exactly how many shares Springtree Holds.
Comparing this to the 3B[whatever] notices will show how many were SOLD in the meantime.
ii] Some indication will also be shown by this weeks trading Tue-Thur on the ASX.
Particularly if the LOW is formed ie Friday and week after price "recovers".Such a recovery would be "aided" by a Selling Pressure lifting but such a price recovery would have to coincide with an increasing BUYing pressure
and dyehards we're fully aware of the company management and pr's complete ineptitude in generating buying pressure,right?
Anyhow,I'm looking to take a further position.I see Springtree not as a nasty but as an opportunity.I'm sorry I can't post charts here.It's all too complicated a procedure.
Besides here at the HC BarBque,charts just attract a scoffing element expecting certaity instead of possibility.
We already got Bags,our fill of the scoffing fraternity so well.. let's just see how Tue-Thur trading turns out,hey?
Happy Trading
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