10c and up, page-98

You know what's funny? All the convo here about the SP's movements are copy-paste of same discussions during the volatility of the SP when it was in the 2s, 3s, 4s, 5s and 6s.

The fact of the matter is as long as the stock has HUGE potential (huge expectations for the SP to rise), manipulators have a winning seat at playing games. Because of the current high risk/high reward nature of this stock on the backdrop of news-we-don't-know-when-will-come, manipulators know that holders are on the edge of their seats with their fingers ready to press Buy or Sell. And these holders are unfortunately using the SP movement and depth volumes to guide their trades (naturally). Trouble is, it's a false economy of the share price so people are trading on false SP value (props).

Traders can't do this to bluechips, and bluechip investors are not on the edge of their seats everyday (unless a major economic or company event like the GFC).

Playing games in such an environment is so risky, simply because you are at the mercy of those with the power to manipulate the SP, and you can't read their minds.

That only highlights the strategy of some LT's here who have been handsomely rewarded since the latest announcement - they held, and held, and held. On a whole, they probably didn't engage in the games.

I'm a relatively new investor in OBJ (since 2010 @ below 2c entry), and by learning the tricks of traders with specs like this, I've learnt to become more patient and more resilient and not play to the high risks too much. I say too much cos I have played with small parcels, but not enough to risk my portfolio.

What's not funny is when a TH comes and you're not holding.

So my purely personal and non-professional advice is, unless there's strong conviction to trade a certain position, be careful in joining the herd if there's nothing fundamental underpinning the SP movements. Of course this week we (myself included) have given weight to the Roadshows and I still think it has had effect (as we're in the 9s, even if barely right now). But the drastic volumes and price rises of last few days is now apparent to me to be rinse-and-wash strategies to make traders some good money. And it's perfectly legal on the ASX to do so, so it works for those who have leverage. But I assume for the most part many here don't have such leverage, so best thing I recommend is to stay put if you believe the right time will come for the SP to show its true value on the back of facts. That's what the LTs have done and their patience have been rewarded.

There's no right or wrong unfortunately with the stockmarket, everyone has a different strategy and everyone plays equally. There is no corruption bar insider trading which the law will seriously frown upon (aka recent NAB trader). So I'm writing mainly to those who are now sitting on losses because they played with their positions yesterday. I'm not saying it was wrong, I'm saying it's risky.

In short, practice patience, believe in the fundamentals, don't get emotionally drawn by SP movements, and go outside and stop watching the SP every single second. These games will play over and over and over as they have in the past. If you're going to play, play safe - play with amounts you're prepared to see a loss. The only real mover of the SP is news. And we know they're coming.

No financial advice here, just my amateur ramblings