Bahar. Yes indeed, "have a feeling it was being pushed down on...

First 5 Last

Share
Profile

Follow
Hotfire

19,697 Posts.

280

01/02/15

22:15

Post #: 14678897
Share

Originally posted by bahar ↑

12 hours from lift off.....do I sound excited, yes I am, and the reason why is for various reasons.....this opened just above 9c on Friday, at times it was going down by 0.05c margin which is very strange when a stock is trading below 10c, have a feeling it was being pushed down on purpose for getting in at much cheaper prices, at one stage it was trading at 0.054c and then BANG, the price went 0.045c, never seen this happening in my 28 years of trading, so I am hoping we will see this jumping back up pretty quick in the next 2 days, this stock has a habit of doing so, we saw that only last month when it went down to 0.095c and then in three days went up to over 17c, an increase of over 85%, ok, the company is not in the best of shapes but will recover especially if the price of copper starts improving again which surprisingly did on Friday night, 10c is not out of the question in the next 2-3 weeks, then again who knows, may be higher, I do not think we will see 0.034c again, and whoever got in below 0.04c is in for a 100% profit this week.....GOOD LUCK ALL, it will be a week to remember....in a good way I hope !!!!!!

Expand

Bahar. Yes indeed, "have a feeling it was being pushed down on purpose for getting in at much cheaper prices". I remember the same commentary when they pushed it down from 43 cents to 36 cents. Then again at 32, 24, 17, 12, etc etc.

Yep copper price is now reversed and correction is over.

Obviously the China data released over the weekend will have no effect.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

What each US election outcome would mean for Australian companies & investors

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers