objobjobj, page-34

Elfy, as Surges has mentioned above the game has changed as the SP is no longer benefiting from traders speculation. But if anything that really just goes to show how a bigger power is now in control.

The SP has tried to head northwards but was blocked by a man made speedbump, this would never of happened before the FMCG/GSK announcement as the traders would simply carry it to higher grounds, no questions asked. The SP previously surged in anticipation before an announcement was scheduled to be released and the accumulators did not seem to have any control at all, they simply adhered to the support lines and accumulated all that they could in the short time frame. But now it seems that the traders have now been overpowered by the big boys. This was most clearly evident with the GSK announcement. The reaction by the markets was clearly emphatic and the traders rolled up their sleeves with the highest volume ever traded in OBJs history taking place and yet we only closed 0.005 above the opening price this led me to believe that the big boys were getting aggressive as they could have easily let it run and waited for the retracement before loading up again. But they didn't, they had instead put an air tight lid over the SP and forced it back down with scare tactics and the ever elusive cross trades which were once again never seen before in OBJ's history (well at least used in assistance to accumulation).

Therefore a prediction regarding SP is simply to hard to predict because there is no way to guess how the big boys will react to good news or just how good the news will be. We are currently undervalued as we should be on the 3cent support line IMO. But for a laugh i guess that favorable testing results from either GSK or FMCG should see us test the fibb point at 4.8cents(retracement from the peak at 6.7cents)? But if we were to receive a GSK announcement followed by an FMCG announcement not to far from each other (and they were favorable) then i'm sure 6.7cents will be tested once again and should easily be surmountable depending on the quality of the announcement of course.


Very interested to see what surges and abdm think/predict.