GBE 0.00% 4.2¢ globe metals & mining limited

I've never really believed the 'capping' theory that revolves...

  1. 1,242 Posts.
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    I've never really believed the 'capping' theory that revolves around HC a lot, but at the moment this, and another of mine, PGM, on releasing glowing reports, had large blocks of sell orders plonked down just out of reach ... enough to drive the price down ...

    ...and what I notice is buy orders start appearing taking off the low hanging sellers.

    So perhaps the capping theory ,makes sense, because I cannot otherwise see the purpose of trying to make a sale by laying out such a large order ...

    So what we might well see is, once they've collected the number of shares they want, the sells will be removed.

    For that reason, I'm a buyer ... got heaps but since the last ann, I'm thinking it's safe enough to risk a few more.

 
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