Mathematical analysis using statistical graph charts -
qualifications - Maths Statistics 110 UWA 1987, A+ grade, 97% top 2 in class from 200 graduates
Volume a 7 year record today, Last SP with this size of volume was $2.00 and 40c. Looks like more large volume to come next 7 days - large volume absorbed in first hour, so sellers happy to let it hit their 12c targets and wait for the sell, no-one really selling it downwards, sellers are setting a price target say 13c and waiting for it to hit it. The 2-4 selldowns today were small volume 100K comparative to buy orders, looks like the seller is actually a buyer trying to manipulate it down like they did on thursday and friday but failed. Seems they sold down 100K ($12k) and waited to get other sellers to come down but other buyers went over the top of him so he had to buy at the end to make up for the loss on this day trade. Looks like the sellers have failed 5 days in a row and there are no sellers left. The LT holders who are in are moving their sell orders up to 15-22c or staying out until they see 3 days of down which is not happening. So tmrw or by friday may hit 20c-22c. I concur with the view that there are 3-4 accumulation buyers in here and maybe several bank trading houses and day traders are in again now. These dealers can push small cap stocks around by 1000% very easily as long as they are moving up or down. Stagnation is death to a short trader and that is clearly no longer the case with POS.
Similar trading pattern to mirabella MBN from last week when it went 3c-5c-8-15c-34c-43c-28c-20c. POS may move very fast up, exponential poyson chart in play here - poyson is showing another 5c-20c-40c upside short term here, ripe for day trading. if MBN is compared then it could go 9-13-15-20-30-60-40. but that is a different stock and frought with legacy issues (as is POS) however POS did not shaft all their LTholders with a 2% return on their shares after administration so the suffering LT holders are not really sellers but loyal holders who believe in the story just like they did with FMG and ANL and AF.
Sellers dried up, pushing back there offers to sell or withdrawing to higher, its catch up buyers and serious traders/buyers now, manipulation/"cappers" seem defeated and have turned to buyers. Whilst volume is at a record it still is only 10/500M ie 2% of the company traded (cf MBN 40-50M/1B ie 4-5% traded per day last week)
POS management and AF seem determined to keep shares on issue low so dilution out for a while and 500M shares is low compared to WSA, MBN (1B shares), and even AHZ (1.1B). This means the stock is very tightly held and can be prone to mass spikes as there is little selling liquidity. nature of the POS holders also means like those in FMG and ANL its prone to a spike as they have all been here before.
OPINION - the market caught off guard as have been all current LT holders and day traders. BBY, Petra and Patersons all redoing their MV and EVs right now based on the black swan buy and associated 300M in plantand looking seriously at 40-70c price targets. MBN collapsed in a heap last 3 days and WSA and PAN going nowhere. So nickel traders are piling into POS. so the & equipment = they may pump this up next 7 days before they announce inhouse valuations and then on market valuations amendments. The sellers today evaporated, only 2-3 serious sells at 12 and 13c all about 100K or so and the sellers thur-tues today at 10c-13c look like fools now and will be kicking themselves. DO NOT SELL at this level, wait for the top, The top will show from a serious large volume downside, but which LT holder would want to do that now?
SUMMARY- Volume seems to continue to build to the up side, buyers are frantic, large block trades coming through, sellers not desperate, poysson chart shows large upside still available, -- resistance at 20-22c, then 28-34c, and if this breaks then free ride to 50-60c based on estimated broker valuations - they will then start piling out at the top. Sellers not picking a top here, its all buyers. no top in sight.
POS Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
(20min delay)