FDM freedom oil and gas ltd
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eventually bottomed out!!, page-2

  1. stockguru1
    286 Posts.
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    27/12/12
    13:09
    Post #: 11228764
    its called a suckers rally. Happened at 90 cents, consolidated for a few days and then dropped. Idea is it makes people believe its rallying and something is going on. People get happy when it starts going up by 10% and then they start buying. Then the sellers come in and crunch the buy side, so they can exit there position. Normally the buyers outnumber the sellers orders. Thats starting to happen. May rally upto 75, and then all of a sudden drop, and the people with the buy orders get left with falling stock.
    FDM Price at posting: 72.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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