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0.4¢ 9 spokes international limited

Charting is all I have used for 20 years and lost count of the...

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BagsOBucks

4,326 Posts.

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25/02/21

13:26

Post #: 51322526
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Originally posted by RangeRover2020: ↑

It's actually so much more interesting sitting on the side lines, enjoy the banter and can laugh a little harder at the BS (ch)artists who claim to be able to predict the future...…..

For those of us who have been here several years, you will recall seeing this exact trading pattern being played out over the last week or so...….
* Bank of America sign up
* VISA sign up

Heavy volume 100-200m traded and a nice price spike a week or two out from a material announcement, followed by low volume sell off of 10-20m with the price settling and an attempt to scare holders into selling, every day at close there is a post auction manipulation to ensure the SP closes on a "low point" often with the sale of a single 2c share...…. then...…. WHAM, the announcement drops and price spikes...…..

Trading is identical this time, however, the transformational difference this time is that 9sp is cashed up for 2 year, has likely now completed all necessary CR's, and with the large partnerships now in place is on the cusp of becoming CFP...….. and should this happen the spike in SP with a material announcement will be stronger and more sustainable than ever before...….

Interesting as to what the (pending) announcement might be...….. in no particular order
* 9SP generate new business
* VISA generate new partners, and or generate revenue
* FUNDATION generate new partners, and or generate revenue
* BNZ or BoA generate revenue
* Take over for 10c, haha just kidding, doubt Adrian would sell us out that cheaply at this stage in the companies life cycle

What ever it is, I'm genuinely excited for holders, as we've been here before...…. something material is in the pipeline, and 9sp have never before traded 100m let alone 200m in a single day without material news following closely.....

NOT ADVICE, but i hop you hang onto your shares and don't get fooled/stopped out like i did...….. patience will likely be rewarded......

I've some dry powder, and will definitely be buying back at some stage, watching with anticipation.........

GLTA

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Charting is all I have used for 20 years and lost count of the bags it's scored me long ago...

Reentry for me today @ 2.2 as scored nice trade from 2.3 just a week ago and from my main line of interest 1.9 a week before that where first entered mid June '20 as it broke thru then passed the retest and was lucky with nice Visa news spike on reopen...
Each to their own and I will back the chart every time...

Last edited by BagsOBucks: 25/02/21

9SP Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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0 Great analysis

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