NCM newcrest mining limited

hats off to country writer, page-8

  1. 366 Posts.
    lightbulb Created with Sketch. 10
    Torn between 2 Lovers .. great song.
    That's where NCM is at the moment IMO ...Hmmm imo if I'm really humble.
    NCM seems to follow the XJO more than the POG. ... So when POG goes up, Gold nerds get excited and buy NCM .. but the reason POG is up is because XJO, DOW etc are down. Then NCM's connection with the XJO kicks in and down she goes again! Can't lose if you short the highs and buy the lows .... until one day it explodes to it's true value, wouldn't like to be short on that day!!

    As for the Bots, nothing sinister there. If you had a million shares to buy/sell on behalf of clients and tried to do it "At Market" you would be letting down your clients, the price either way averages out better if it's done in dribs and drabs rather than all at once. No manipulation, nothing sinister there, I don't think.

    Once when there was a big spread on GOLD (ETF) , often happens in the first 20 mins. or so, whenever I put in a bid at the top of the buy there was an INSTANT!! bid for 5000 shares 1 cent above my bid, now that looks like some computer program protecting clients interests .. or is it manipulation? How is is soooooooooo fast??? Is it the ASX preventing poor desperate traders like myself buying low and selling high on the spread?
 
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