state of play

That last heading from holders is absurd.
It should read "officially now infected by daytraders"
Since the 15/12/2011 Golden Peak drilling ann when the stock surged from 1.4 to 2.8 the sell depth has been constant over 20 million(today 72 sellers for 22 million shares)wheras pre 15/12/2011 there was max 5 million in total for sale.
On 15/12/2011 the level of chat on the daytrading forum on MGK was high and as soon as it started to fall from its peak, daytraders piled their stock on for sale and thats been the case ever since.The 601,000 parcel is classic.Buys at 1.3 and seconds later on it goes at 1.4.He dropped that to 1.3 when the stock fell and yesterday bought at 1 and within seconds placed it back on at 1.1.
Whilst i detest daytraders, it has given me and others an opportunity to buy at current levels.
Daytraders can be likened to Aphids on a plant, sucking the very life out of it.They have no concern for the company or idea what the company does, they just follow the trends and look to profit themselves only.Good to see they are all underwater here.
How do we rid the company of these parasites.Either the management must address the falling SP and i imagine they will as one poster mentioned the directors are buying big on market and drilling is underway.
In the short term one other way is to join these parasites,place my few million shares on the sell side thus giving the daytraders further losses and allowing the few clever holders to get in even cheaper prior to the drilling results.