SF@HC
All in my opinion,
Yes, I think we are near the end of accumulation phase but the end depends on the end of the continued supply of shares being sold for them to buy. If supply dries up, then demand is greater than supply so SP will rise (Wyckoff Law of Supply vs Demand). As long as there are enough shares available to buy to meet their accumulation objective, accumulation will continue and SP will remain as is (with help to hold SP down). They are fearful of the things I mentioned earlier – POSCO, Li price turn, etc – as this will bring others to the game trying to buy shares (due to future potential value) – demand increases, supply decreases, SP rises – maggots get fried in a maggot squeeze – ugly – and expensive – I hope. Hence they are trying to exit their short positions. Tick, toc, tick, toc boys – will the sand run out – we can only hope it does – as this will add to upward SP pressure as they try and buy their way out – love it (they will increase demand which is something they don't want).
It needs to get to the state where there are no or small vol of shares available for sale – so they just play with themselves, so to speak. It tips them into the Wyckoff Law of Effort vs Reward and they will desist in the campaign and let markup begin ie. it will get to a point where it is just not worth their manipulative/control effort or campaign cost (cause money for campaign is costing) for the little amount of shares that remain to be accumulated. Better to let it now run. They will retest again during markup probably several times – don’t panic – trend is your friend. Once started, markup will continue until they reach their profit objective and then comes the disguised offload (probably linked to a legitimate event where you would expect high vol anyway eg results, a new offtake, etc) and the distribution stage commences – just keep watching volume – climax will be unmistakable – SP will keep rising then max trajectory and fall, with a few bounces for offloading. They will sell their shares over a period of time not just at climax – remember, they have a LOT to get rid of – can’t all be done at one or two sessions otherwise SP would collapse from oversupply – no profit then. Remember - Nothing is as it seems its all Smoke and mirrors. Go back over PLS history, its all there .37 to 1.25 to now.
Why do they pick on PLS? They can see the MASSIVE potential for PROFIT.
Good luck to you. Have enjoyed your posts over the years.
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