I suspect you may have nailed it. It's certainly a gutsy...

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James56

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11/05/21

10:37

Post #: 53086980
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Originally posted by Darkstone: ↑

Ah. Ok. As predicted then. That is the bottom of the channel. Depending on the trading today, he will try and sell it later a few cents, well actually about 1/3, from the top of the channel. This will shift a little if he thinks it doesn't have the strength to get to the top of the channel. I haven't formed a view yet of the basis for that calculation, except that it is possible that it is being influenced by ORE price movements. It occurs to me that it might be easier to move prices temporarily in ORE because the volumes of each trade are lower. Shifting the price in ORE forces the hedge fund arbitrage traders to buy or sell in GXY as appropriate so moving the ORE price up as it approaches the GXY large order could force the algorithm to spend a lot more in GXY thus pushing it through the 330k order. You could take a loss on the ORE manipulation for a much larger profit on the GXY trade. I am not saying this is happening, but it occurs to me that it possibly could. He seems to be using the blue channel as the channel top at the moment, not the red line. He is a curious trader. I suspect it is human and not an algorithm because some of the decisions seems to reflect an emotional response, but whomever it is, is cool as a cucumber most of the time, which suggests a degree of certainty, which thus leads me to consider the ORE SP management strategy as the reason.

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I suspect you may have nailed it. It's certainly a gutsy repetitive play of the margins.

GXY Price at posting: $4.07 Sentiment: Buy Disclosure: Held
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0 Great analysis

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