Fellas, I have not gone away. Just not entering the discussion when the market was pushed down across a few support levels, stage by stage which I plotted and had previously posted.
Maybe inside information was at play. Unlikely to be an SPQ source, but you never know, with regard to what the baseline for the raise would be and whereabouts support would likely sit. Once the value of a raise is known, then a level of support can be predicted that enables discounted value to be determined with a buy signal for accumulation.
It seems uncanny, the predictions of some negative commentary prior to the raise was accurate as to where price would consolidate. Was that based on superior charting acumen or was it based on prior knowledge of the raise value or an educated guess of a CR value in the circumstances facing SPQ. I have my own suspicions.
Price from my perspective did not match the value of Steam Engine, let alone the prospective value of tier 1 tennements SPQ holds across a number of valuable commodities from a fundamental perspective.
In this scenario, there was no implied probability emerging from charting to predict value. A position strategy for the longer run would be to piggy back on the market makers and wait for market bottom, like them, to accumulate. The top twenty holders still remains stable which is very encouraging.
It is what it is, but the drills now funded will do the talking.
How can this situation arise?
Many companies have to seek funds from multiple sources at times, when money is tight in the economy, especially speck miners seeking funds to explore their ground, from firms to underwrite a raise or organise it. In doing so, it may mean a few leaks can come from the office different lenders they approached. Networking is a powerful tool. Some individuals may take advantage and downramps may enter threads to capitalise on the situation because likely scenarios can be determined. It only takes a nod and a wink.
At the moment, the Senate is taking submissions from ordinary people with regard to market manipulation. What's new?
It may be best in the current scenario from an economic, perspective, to piggy back on the work of others and accumulate given the fundamental value locked in the ground with numerous tier1 prospects.
Large holders like myself are in here for the long run and will buy discounted value.
Tax selling has finished for those balancing their portfolio's and now its again time to let the drill do the talking. The raise has been done and the chart predictions will once again become more meaningful.
Traders will be getting set once again playing the natural fluctuations of economic activity as best they can.
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