This is an incredibly perceptive analysis Crommo. And unlike...

First 84 Last

Share
Profile

Follow
Cricket1016

111 Posts.

82

17/01/24

21:23

Post #: 71931536
Share

Originally posted by crom: ↑

You are actually partly correct. The difficulty a lot of people have on every stock where there is a placement to Sophs, is the concentration on the price of the placement. As you would have seen in the replies to you, the theme that how could they make money selling below the CR price.

What posters across all stocks where there is a Soph participation don't appreciate is the huge number of shares they acquire. AND therefore, the ability to move the share price. Anyone who thinks the Sophs buy to hold is crazy!!!! They buy to trade AND, over a long period due to the number of shares they acquired. 525 million bucks of EVN shares in this case.

So you are right in your post that they sell (not dump), shares on the release of the quarterly. Their intention is to force the Sp down. But like anyone who loves technical analysis, they still need structure. And the structure was the gap fill at $3.03. That was where I set my buy.

Then they stop the selling (they have only needed to sell a small proportion of their CR buy), and start buying. So now instead of $3.80 they are buying at $3.00. They are making 80 cents a share!!!! I do this all the time! You make money going up, and make money selling at appropriate TA levels and buying the same number back cheaper!

So where you are wrong is saying they are selling out and moving on. NO WAY! They are here with a trading desk set up to make enormous money out of their EVN holdings.

Note also the huge gap on open. $3.47 is the start of the gap. As punters pile back in as they should at these cheap levels, they then look to sell and bring the Sp back down again. Buy more. Rinse and repeat.

I have always posted that everyone should have trading parcels along with their main holdings.

EVN is a fantastic stock! A great opportunity at the moment to acquire more and make some coin trading a small parcel as the Sp churn continues.

Expand

This is an incredibly perceptive analysis Crommo. And unlike many on this thread you are prepared to put $$$ on the line on the basis of your deep understanding of EVN and the current gold ecosystem.
We both know EVN is a $4 stock in all possible universes.
You have persuaded me to rejoin you in EVN at the earliest opportunity.

EVN Price at posting: $3.10 Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 136 more messages in this thread...

First 84 Last

Add EVN (ASX) to my watchlist

(20min delay)
Last $3.50		Change 0.050(1.45%)		Mkt cap ! $6.950B

Open	High	Low	Value	Volume
$3.44	$3.51	$3.44	$28.67M	8.237M

Buyers (Bids)

No.	Vol.	Price($)
10	260128	$3.49

Sellers (Offers)

Price($)	Vol.	No.
$3.50	201176	8

View Market Depth

No.	Vol.	Price($)
1	6670	3.490
1	14787	3.480
2	15342	3.470
2	15076	3.460
5	33287	3.450

Price($)	Vol.	No.
3.500	110000	3
3.510	25000	2
3.520	41709	3
3.530	13309	1
3.540	13309	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

EVN (ASX) Chart

This is an incredibly perceptive analysis Crommo. And unlike...

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

This is an incredibly perceptive analysis Crommo. And unlike...

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News