CND 6.06% 3.5¢ condor energy limited

Ann: Rights to massive 4,858km2 highly prospective O&G block Peru, page-35

  1. 27,743 Posts.
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    It has the selling pressure, that comes with the previous placement noted.
    Never seen such a quick pump, and pull back to the CR placement price, in the same day or two.
    Now, is that because everyone except the rabbits, can see the flood of shares and options coming.?

    - It doesnt really matter what people paid on market in the pump, because the actual supply that is coming later this week 15th June 85m FP only paid 1.1c, and in 27 July , 75m free options, can see that in this market profit is something that flippers will take in a heart beat. Noting that 30m of the options were to the facilitator of the transaction. Could be a big dump coming? Hence we are seeing holders dump prior to that flood, as they expect that the CR flippers will also take the cream from the trade.

    Dont chase when there is a flood coming. Allow the storms to pass.


    Last edited by stevenjd: 13/06/23
 
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