As a Birder 888 that is a bad bird analogy hahaha

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Hensabens

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09/08/24

18:45

Post #: 75147261
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Originally posted by Aljen888: ↑

Not sure about maxed out their shares available to short - not a problem for deep pockets.

To me, capitulation occurred on 21 June, after that has been supply testing to see what and where supply is available. Also during that testing period lots of long upper wicks, so buying pressure coming through from retail and insto competitors. This matches the rise in % to keep control within the target range,
they have tried this in previous accumulation periods, but the difference this time is the cupboard is getting very dry and it is harder for them to shake the tree and get a positive response (shares being off loaded). During the test period daily volume was decreasing (be good to know how much of the daily vol is short movements - recycling, new, cover, etc - IMO a high percentage of each day probably and increasing to control the situation). Volume on down days is low, no panic selling, methodical depression (expending more shorts) to see what's there.

The lowest they could take it was 2.77. They couldn't go further down as no-one was selling into it apart from themselves. The reward is not worth the effort. The last few weeks have been expensive to execute the tests - but necessary to allow proceeding to the next phase. Other test periods at higher trading ranges have failed as the back tests yielded adequate supply for the game to continue.

This is a long game being played out over many months/yrs, and likewise the outcomes and changes desired by them (and us) will likewise take many months to be visible and realized. Patience is at a premium if you ain't got the deep pockets. It's a long game. We are just sparrows waiting for the crumbs, hiding under the bush ready to hop out and in again when those crumbs come, and hoping we don't get swoooped by an eagle also trying for the same crumbs.

Its been a great day today. A bit of sun, Spring is in the air.

Good luck all. Patience.

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As a Birder 888 that is a bad bird analogy hahaha

PLS Price at posting: $3.07 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.70		Change -0.090(3.23%)		Mkt cap ! $8.085B

Open	High	Low	Value	Volume
$2.76	$2.76	$2.64	$94.78M	35.34M

Buyers (Bids)

No.	Vol.	Price($)
52	352983	$2.69

Sellers (Offers)

Price($)	Vol.	No.
$2.70	111043	30

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No.	Vol.	Price($)
62	409045	2.700
45	445483	2.690
53	560786	2.680
43	466552	2.670
61	624010	2.660

Price($)	Vol.	No.
2.710	482562	60
2.720	464324	29
2.730	222207	15
2.740	160167	11
2.750	165178	14

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As a Birder 888 that is a bad bird analogy hahaha

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As a Birder 888 that is a bad bird analogy hahaha

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