FAR 5.38% 49.0¢ far limited

I am back in, page-2

  1. kkw
    7,261 Posts.
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    Wanabee,

    Re "yesterday's rise was a possible pump and dump". Knowing FAR's past record, anything is possible, but my theory is that seeing news on the JV report and Gambia are iminent and PE ToR is in the "may be" zone, situation now is more serious for the cappers.

    Generally if you want to accumulate, you would want to cap the SP by churning and shorting; and try to get the bulk of the shares as cheaply as possible but at the "last leg" when the supply is dwindling, you get at whatever price is demanded, but your average would still be low.

    Now, Meridian is at 16% + or -, are they on the last leg? I would say they have capped at 7 all the way up to 11.5 for a long time and suddenly yesterday 12 and 13 went.

    Another theory is that the sentiment is swept up with CVN's news and maybe some CVN investors were swapping over for another similar run and we know that idea was thrown around by a few going back months ago.

    But, exciting times ahead.

    KKW
 
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