Thanks @Gipp, I'll do some more reading on all this. I tend to...

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Solarbat

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20/09/17

10:10

Post #: 27334584
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Originally posted by Gipp ↑

This is classic pre big announcement trading Solarbat.....yesterday we hit an intra-day price of 0.08 cents to find ourselves back at close to 0.07 cents closing today.

The sell side is currently very thin up to 0.08 cents where there is a large sell order or "wall block" to give the impression of firm resistance at this level so people needing to sell for whatever reason have to take the lower buy side price which they keep thin on purpose to push the price down while they accumulate at the lower price.

The Buyers are sitting on the sidelines that's for sure - they just don't want to show their hand just yet as they are betting on sellers selling due to the perceived delayed in the scoping report (therefor possibly bad news) or having to sell for whatever reason at the time.

Keeping the buy/sell "spread" wide is also another sign/tactic i.e CNJ was Buy 0.059 cents / Sell 0.063 cents & BAR had a similar spread - much too wide for stocks of these size.....normally its a pip or two max.

This will settle down / stop once the Scoping Report is out (albeit there will be a little post Scoping Study argy bargy as some take profit).

Yeah....so in short a form of manipulation.

Cheers & good luck to all

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Thanks @Gipp, I'll do some more reading on all this.

I tend to go nuts thoroughly researching a company/commodity, then buy the amount I want and hold (with a little trading here and there on obvious dips from by global events). I'm simply curious to learn more about the games traders play to encourage nervous hands to sell.

Last edited by Solarbat: 20/09/17

BAR Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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