AVB 0.00% 16.5¢ avanco resources limited

contrarian view, page-59

  1. 4,669 Posts.
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    Paul wrote: "Just an observation. Given the recent rally and still strong belief in some quarters that there will be a pullback soon, the BUY lines from 9.1 to 9.4 contain orders for over 3 million shares from 29 people all just waiting for a bargain.

    I'm guessing they need convincing and won't start the party but would be all over it once it began. That addition would be theo conviction part."

    I saw the strength of the orders at 9.1/9.4 also and I cannot help but think this is being positioned for a cap raising. That is purely my opinion, and one I have expressed consistently, and I am merely speculating. Its been a very strong run up on no new news but one viewpoint is that the price has been pushed, then capped below 10 in order to get a placement away.

    As I say - only my opinion. Time will tell, but AVB have done it before and so have many many other speccies. Its all just part of the process of building the company.

    Coop
 
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