NKP 0.00% 9.9¢ nkwe platinum limited

chart alert 34 cent level for breakout, page-36

  1. 7,163 Posts.
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    Sean ,you are obviously a newbie .
    This kind of thing happens on most smaller stocks ,and on most days .
    These guys arent selling .They are accumulating .
    they will buy as much as they can up to the breakout point ,and then finnish it lower to discourage the day trading charting crowd from jumping in .
    You will see what I mean when it does break out .These daytrading guys have some pretty serious cash to drop into a share that breaks out ,and it could literally rise 20% in a day .
    CGG broke out again today for a nice move .
    What would you do if you controlled millions of shares and had millions of dollars at your disposal ?
    Its about controlling the share price in the absence of another competitor for a given share .Once another competitor comes along that all bets are off .

 
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