Australia's largest stock trading and investment forum Australia's #1 stock forum

PAB

12.5%

0.4¢ patrys limited

"SOMEONE'S" accumulating!! Blew the .033s out of the park and...

First 50 Last

Share
Profile

Follow
gassed

22,118 Posts.

2194

10/01/23

15:41

Post #: 65619335
Share

Originally posted by Iceberg: ↑

So... herein lies the potential answers to some of the questions posed on this thread re who might be accumulating:

1) Sure Chaya and probably his mates are accumulating (as shown on the last top 50) in preparation for a pump and dump (as per their previous modus operandi).

2) But potentially there may also be some larger long-term accumulators at play - given the volume of shares that have changed hands in the last 4 weeks or so.

As a long-term holder I am agnostic to the maneuverings and games that are being played by the traders like Chaya. Some could also argue that this is a sign of a well functioning stock market.

But all of the initial signs point to the stock being at least a mid term buy and hold (particularly at these levels).

Sure the traders will make some money along the way, but unfortunately (even with the use of sophisticated trading programs and algorithms), they have a poor history of picking the ultimate (stabilised) market cap of a stock like PAB.

As Aki has quite correctly pointed out (and in true Warren Buffett fashion), it will be the mid to long-term holders that will come out with the goods in the end.

GLTA

Expand

"SOMEONE'S" accumulating!! Blew the .033s out of the park and gave the .034's a fright.

Last edited by gassed: 10/01/23

PAB Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

What's causing the cost-of-living crisis, and how to navigate it

M4M

Macro, Norden set up transport solutions initiative for West Pilbara