Trading LTR and Trading Related Topics, page-3

great initiative MaxAction, this thread is brilliant.....lol

You weren't around in these days but here's some commentary from 22 July 2019 just to show how futile charts are and how people can get wrapped up in hype. These excerpts are from posters simply relaying trading activities, one of whom I know to be genuine, the other seems long gone from here. They're observations, genuine observations.....just shows how tough it is trying to figure out the market. One other poster was admonished for basically calling the top at this time while cash hound was calling $1.50 lol - regardless, who would have thought LTR would be wallowing at 8.5 cents many months later?

2/7/2019 we saw a $400k buy which wiped 10.5c and 11c

15/7/2019 we saw $230k buy line wipe 11.5c and eat into 12c

17/7/2019 a $165k buy and then 2 minutes later a $520k buy to wipe 12c. Then a $700k buy at 12.5c

18/7/2019 a $210k buy at 14.5c

and then today the massive line wipe of 16c and some big buys at 16.5c

it almost seems like sell at your own peril at the moment

some deep pockets are onto this one. The fact that they are still buying bucket loads at these highs tells me this one still has a lot left to run

then.................................................

You don't spend $300k to $500k blocks of cash on a punt imo - there would have to a good degree of certainty with these purchases and that would mean LTR's value is recognised by these buyers and they believe the sp should go much higher than 16c or 17c.