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30/03/15
19:56
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Originally posted by tomboy
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The bots a re like termites chomping away at the low SP accumulating Ms of shares cheap to avoid detection, clearly used by 1-2 instos likely the same ones acting for the US bondholders or maybe even another group of buyers with clearly top range software and desk teams capable of pulling off for the last 7 days an accumulation of 15M shares cheap at 12-13c from under everyones noses.
The saturation point is getting closer and closer, the tightest share register ive ever seen keeps getting tighter and tighter...what normal market shareholders with 95% of holdings could not be allowed to sell by law under the DOCA for 2 months? ANy why would they sell at 13c when they bought in at 45c anyway? They wouldnt and neither would you.
Just wait out the accumulation phase we are in. DT was killed off 1-2 weeks ago, when the daily string trading range dropped from 4c to the boring 1c-1.5c with closing collapsing, well planned and smart strategy. The boring bots, accumulation phase will soon be over. The long buyers/accumulaters were insulted by the short traders. They dried up the volume on screen and there is nowhere to go.
Yes very boring for DTs STs but for longs who are wisely holding for the Q1 and H1 2015 results its a goldmine.
Q1 preliminary results out soon 7-21 April, if oilman is right, a $50M shock profit on the back of $40M to $100M inventory sale crossover into Q1 on the back of higher production and lower costs from a further BRL devaluation of 25%.
The longs are in charge, the small slabs are the proof. Its accumulate or miss out. When volume drops below 5M daily as i predicted 3 weeks ago and the slabs get smaller and smaller (prediction has come true right now) the saturation point will arrive.
Remember my next 2 script titles for the wolf of pitt street. The script cant be that predictable surely?
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Thanks for the write ups - keep going, you are certainly providing a lot of great info and entertainment at the same time
I can't really make heads or tails out of these bots, and then the end-of day auction, but obviously someone is activating these bots for a good reason.
What I see is a turn-around story from an FA perspective, so the stock can be traded and play as much as you like, but at some time the SP will revert to the value of the company and that is definitely north from the current 12c - well at least I hope so anyway