ELE 0.00% 0.5¢ elmore ltd

Ann: Commercial Purchase Order Received, page-223

  1. 8,072 Posts.
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    surely gotta be gett'n close don't we, no surprise again in the .039 close, just enough to keep them in the green by a pip....again

    to the others, don't worry about it, yep the market is full of manipulation, today's action no doubt saw yesterday's day traders bail at a loos, so that's them gone, now sit back and wait for our resident parasite Resource First to get rid of their remaining shares and of course the options converters.

    I know many of us hate the manipulation but sometimes it does work in LT holders favour, especially if the market makers are weeding out the week whilst accumulating prior to a run.....the run is then a lot stronger with less resistance when supply has run out. There seems to be a few forces at play here atm, Resource First, options converters, day traders trying to ride the very frequent announcements, and what looks another player/s possibly in the top 20 going with the flow and trying to cap(as we saw today) in order to buy more.

    Put it this way if you had the money and were in the top 20(and wanted more shares knowing this has been de-risked) and/or you had the ability to sway the market by buying capping and buying lower, would you have topped up or gone long in one big hit knowing there is a note converter lurking around who seems to have shown they give zero F's other than to sell at any profit possible above .038 whilst you also know there is option converters who are also in the money along with any other weak hands that should be shaken out of the tree pretty easily? or would you buy and then cap the price the best you could whilst the price goes down and load up until supply runs out, then remove you caps and sit back and laugh while you watch the imminent re-rate on the SP?

    Does the FA get stronger and stronger almost every week on NSL? yep, so unless you're a pip hunter stick to your guns and your conviction in buying NSL in the first place. The SP will run when it's ready, in the mean time kick back and see if you can learn from the current SP action and the market forces at play.
 
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