EHR 0.00% 0.3¢ earth heat resources ltd

kenya launches biggest geothermal plant, page-7

  1. 2,471 Posts.
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    kingkev, I've got a slightly cynical view of these big sell orders between 2c and 2.5c. I noticed that a lot of buy orders dropped out of the depth this morning. Could it be that some buyers are trying to shake the tree a bit?

    I don't put much faith in buy:sell depths anymore. They are too easy to manipulate. I watched DLS rise for weeks while the sell depth was stacked and there was a very thin buy depth.

    Aside from very recent holders, there aren't many EHR holders who could sell at 2.1c for a profit. Given Torey's recently stated commitment to fix the "chronic disconnect" between project value and market capitalisation, it's easy to be a bit cynical about all these sell orders in the 2c - 2.5c range. Mind you, it does provide a decent buying opportunity for anyone who may want to build a position. I'd love to see how committed those sellers are if some serious buying starts to build.
 
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