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clock Created with Sketch. 12/08/21
20:29
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Originally posted by mechanic
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something of an insight into what is going on,this is a story based on fact yesterday I bought a large amount toward 4.00 pm I sold 6000 Fmg that were underwater having just had the idea that LPD which I already held might be better so was down $9600 held two days keeping the remainder of 2000 as a moneybox, I very rarely go on the bid and ask preferring to buy or sell straight in usually because its opportune to flip stock, so decided to buy 6mill of LPD at 2.2 entered the sale which being large will generally source best price including from ChI-x , it took a while as it will come up for review when it went through I must of jagged cross trades bringing my buy price down to 2.177604 per unit if memory serves , so here is the thing checking settlement expecting little change to the credit on the account I find its around 11k up think this cant be right something is screwed , check the trade ticket sure enough jagged some below 2.2 the irony being that negated all loses on FMG and all trade costs leaving an 11k account credit ,so this isnt here to boast its to help those who dont do these sort of trades --- yes I am a boots and all kinda trader which can bring both spectacular gains and even more spectacular losses so I tend not to stay for to long in a stock 3 years being the maximum down to 5 mins ,of course there is no guarantee the price will hold but I get the clear impression LPD is being constrained and have witnessed this many times before, sometimes it runs in reverse but that is very hard to imagine in this market sector at this point in time. needless to say last night I went to bed quite happy with the days outcome with no guarantee of course that I will remain happy, LPD seems to me to have a huge gap between the sector reality and its SP. even given the enormous lift over the past 6 months but note as always these are my thoughts and should not under any circumstance be looked at as advice
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That has to be the longest sentence I have ever read in my life.!!
(20min delay)