Ann: Drilling of Mongoose Deeps approaching target zones, page-99

Hi jay1983
I only bought into this a few weeks ago. Since then I have read the day traders thread a couple of times (something I usually never do) and it is filled with "sound and fury signifying nothing "... they were all over this for a while but the game for them is always the next shiny thing... sometimes it's good but they aren't fussy.
Come the day results are announced... if they prove successful... those guys will be back trading for pips (it's irrelevant to them the price might be much higher). The selling today was mostly large single parcels (not the way a holder would usually exit)... my guess is there were other shiny things being pumped and the risk of holding is not a day trader's game.
I think it's a good thing they have left because while they were holding it meant there was plenty of stock wanting an exit (which puts a lid on the rally)... this way (if results are good) they will be buying the open and fuelling the rally.