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13:50
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Originally posted by ainsleym:
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Yes that was a big buy order of about 4.5 million mostly done at 3.3c. We have a definite pattern here now. Big whales hold back, retail starts to fill the sell queue due impatience, then bam... the trap is sprung, the whale feasts. Reminds me of how you see for example the national geo videos of whales/ dolphins encircling and herding the fish just where they want them to be then on cue, they bulldoze straight through and and gobble them up. We are watching professionals at work here...its accumulation 101. Then the pull back and let the retail trade fill the sell queue again happy to get their pip profit. Its when I see this sort of steady accumulation action, which has been happening in this same way for the past several days or a week, that re-affirms my confidence in what lies ahead
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Ainsleym,
(20min delay)