Trading trends, page-2

I wrote a fair bit on this trend a few month ago. I 'think' it is the shorters. I documented that the share always opens at 'x', rise a couple percent, then falls down about 4%. It is quite a common pattern.

I just think the short sales can push the price around. So as they start shorting they price falls. And I even think they close themelves out daily. I mean they short after the initial bounce, push the price down, then close out. Mind you, that would entail a small bounce at the end of the day So the other alternative is they are just washing shares back and forth (All4One's theory) and they just gooble up the weak hands.

I am aghast at what has happened the last few days. The POG went from 1310 to 13140 and BDR just was flat and now down as POG fell back to 1320.

I bought last week (or the week before) at 60.5. I have a sell in the market at 66 cents. I have a steady holding, but I like to try to play the swings. So, I am aghast that I picked a bottomish price. The POG went up about three percent, and my share (supposedly leveraged to POG) has not moved.

So, I am not thinking there is some bad news in the quarterly that will 'show'. And it will be apparent from the quarterly the news was known around end June / start July... and that caused the big sales around 60 cents. AND that has caused the share to remain at 60 cents in the face of a three percent rise in the gold price AND the good news on the hedge and debt management.

So, be prepared (my opinion only) there is some bad news that will appear. And the insiders know it. But it cant be horrible news. As the price only fell a bit. So, I will guess (my opinion only) the share will remain just over 60 cents, even if POG rockets, then the quarterly will come out, and there will be some bad news, and the share will be 55 to 57 cents and all the shorters who are not day traders will get out (having shorted at 62, and get out at 56, a nice 10% profit on inside news). We will see.