Back after a week off for being a naughty boy.
Interesting watching without commentating. Without any charts, tables or information other than the vibe, I got the feeling that it is not us being played this time but the shorters. It sometimes looked a bit like the frog in the pot, if the temperature rises slow enough it will not know it is boiling. To me it looked like a bit of accumulation which slowly brings the price up, then the shorters bring it down again. The accumulators would let them do it, one to be able to accumulate at a lower price but two to make them think they can successfully dictate the SP, thus giving the shorters more confidence to keep going.
If you look at the 3 monthly chart on shortman you can see that in that time the shorts have increased almost 4% while the share price has remained about the same or increased a little. Someone is using the shorts to keep the pressure off the share price to accumulate with very little effort. Once they have their fill they will scare the shorts with a few big price spikes and watch them run to close.
It is very possible that the same people lending are playing the lendees.
Anyway, don't use anything I say to help guide investment as this is just my vibe.
- Forums
- ASX - By Stock
- GXY
- Rumours & Speculation
Rumours & Speculation, page-1260
-
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)