all yee of little faith, page-5

" There are plenty in wings waiting to pick your carcass. Next milestone will be the announcement of the confirmed reserves for Galoc."

"Why would anyone sell at this share defining moment ?"

yesterday's little exercise was a good example of that.

first you have to get posters talking of the sky falling,
throw in a bit of acrimony,
add a dash of TA,
spice it up with flawed comparisons,
boil the bejasus out of it for a week and then
rubbish any prospects of Galoc ever being other than a
curious anomaly,
add another good lash of dubious prospects, and serve.

i had expected 0.035 to get hit but the buy side
at 0.037 kept getting filled which for me was a
surprise.

conditional orders kept coming in to fill the buy side
which may yet prove to be the medium term price support.

the 0.036/0.035 area is a fib. retracement of 38.2%
of the move up from june 27 to sept 2,which is a normal retest for supply, an area where professionals sit
waiting to see if it will hold and then buy!

on the subject of conditional orders,im told there are expensive trading platforms out there similar to the brokers trading platforms which are used by market makers
and the sophisticated traders which show not only the buy and sell sides we see but also all conditional orders
enabling them to be ahead of the game!

so much for a level playing field for all!
TA means FA when you are dealing with that!

personally i have no idea where this can go,but
judging by the reaction yesterday i dont think its going
below 0.037 again unless the sky really falls in!

good luck, and newbies - take everything you read on these posts with a large bag of salt!
dont base your trading decisions on some of the codswallop
that gets posted on here.{ including this post}

macgee