Breakout Gap Running, page-148

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11/12/18

14:09

Post #: 36819771
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Originally posted by Samboy69: ↑

Its extremely low liquidity. High liquidity? they obviously dont watch it at all.
Today only 50k traded all morning
Last 4 weeks averaging around 500k daily compared to the last run from 10c-18c it traded 80M shares and was doing 3-5M daily at 13c.
With only 500k daily it means that there are no large sellers in sight (like RIM Eduardo/AGD) and the offerees onscreen are very light with no real resistance seen till 18.5c onscreen.
Volume now is a paltry 10% of what it was last run at 13-18c

We know who the sellers were last time but who were these large buyers of 80M shares last time when it went 12c-18c? They dont look like they sold and some INSTO has been slowly accumulating.

At the AGM we were told Ruffer is strongly supportive and they had direct meetings with them. They supported this BOD at the spill AGM in 2017.

Some traders might start selling at 15-18c but why bother as without the big boy sellers like last time another 70M volume buying will send this FLYing through the roof.

This low volume rerate is bullish on technical grounds.
No one wants to sell down here even for a 20% margin so looks like everyone expects this to FLY on further super high grade drill results.

TRY will FLY!

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i agree 100% with what you are saying. There is no serious selling, onky someone testing out their algorithmic trade orders which lets the bot do its work. The serious players will just hold for some serious return.

TRY Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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