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28.5¢ dacian gold limited

There is a club and we're not in it. HNW/Instos are the king...

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BodoDell

467 Posts.

92

23/02/21

11:00

Post #: 51240782
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Originally posted by Greenflint: ↑

Difficult to interpret what these walls mean. Based on the share registry below (i.e. retail shareholding of 25%), I don't think we are in the game at all (more like we are the pawns). It is a game played amongst the HNW and Instos. We can only watch on the sideline and pick any morsel that is good to digest!

My positive interpretation is that the above figures are intimidations to warn off retail shareholders not to enter the long position due to the HNW/Instos entering the accumulation phase i.e. they are feeding off the weaker hands amongst the retail shareholders. Once they have enough they will release the brake and let the share price lift. The negative is that these walls are genuine and the HNW/Instos are attempting to sell off their positions on a winning margin. On balance, being an optimist, I am inclined towards the positive interpretation (assuming that they are many sneaky HNW/Instos who have deep pockets).

All IMHO.

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There is a club and we're not in it. HNW/Instos are the king makers at the end of the day. We need to hitch a ride at the right time.

DCN Price at posting: 38.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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