Lol. Had a couple of jobs in the sector that restricted me from trading...So liquidated all my accounts to make life simple. Yeh, I remember him, Fatzone. Apparently hes still got about 40Mill + shares at 0.44p. Hes over at interactive investors. I tried to give them technical analysis, they rebuffed it... Gave them strong fundamental analysis...they completely ignored it as I am correct lol. Still waiting for any constructive criticism.. I will attach it below again to see if anyone can confront my data ----------------------------------------------------------------------------------------------------- To summarize all i have said, for the benefit of all, please read the below, together with the attachment. http://s13.postimg.org/u5st5gsgn/otc_prediction.png As discussed, the market is currently only valuing the Net Asset Value per Share. For the year ending march 2011, Financial statements reported it as 0.80p. The market then matched that level. Just before the release of the next financial statement, the Sp was hovering in the 0.80s. For the year ending march 2012, Financial statements reported it as 0.36p. The market then during the year corrected itself to match that number. Just before the release of the next financial statement, the sp was hovering in the 0.36s For the year ending march 2013, Financial statements reported it as 0.23p. Check the current share price....We were told what was going to happen a year ago... For the year ending march 2014, Financial statements will report whatever assets we have, and the market will take a year to slowly match that number. So unless the sector has a re rating, you can predict the share price between now and march 2015. The market takes its time but it eventually corrects itself to whatever it believes a stock should be valued at. In this case, OTCs assets. As there is no revenue, assets for the year will be lower than 0.23p. Whatever is reported, the market will match that. Until revenue is created and the mining sector is re rated, the market will ignore any news. Of course, you will see oscillations in sp during the day or week, but in the grand scheme of things, The number posted in the summer will be the sp next year. I challenge anyone to CONSTRUCTIVELY discuss for and against any of the points made. I think its time for every one to stop cheerleading and start analyzing serious data. How many of you even looked at the financial statements before getting invested?
so its like I said
Pseudo science which is best ignored. Unless one is in the habit of giving money away. 2014 ought to be a good turn around year IMO for many reasons including external market and in the sector generally.
From the shorters perspective.
Trend lines reflect the resistance in trading, the top is buying and the bottom is selling. The activity of trading is described in that range. However for trading to occur outside the top and bottom line requires extraordinary circumstances that are not normally found in the trading range. One such special circumstances is news. Good news can send the share price through the top trend line and bad new can force the share price through the bottom line. If there is a wide range in the trend lines, this will not encourage volatility and volatility is what we want as a shorter. How to short using the descending triangle? First of we need is opportunity. A company with perhaps with a share that has fallen over a number of months or years, but falling continually.It fits the graph shape, lower tops and a roughly steady low. From here we focus on the thin end of the wedge, why? Remember it takes a special situation or circumstances like news for the share price to stray beyond the trend lines top or bottom. For shorters we focus on the bottom line and as we reach the thin end of the wedge to where there is very little range it does NOT take much or require NO special circumstance for the share price to go beyond the bottom trend line The DESIRE TO HOLD and the , the appetite to buy is eroded away. It is at this point that short positions are opened and this is a matter of careful timing. We are looking for fluctuations in VOLUME, shareholders dumping their stock. Shareholders behave with little restraint like herded cattle who can twist and turn we a simple whistle - RAMPING. Where it takes a lot of effort I mean money and volume, professional investment or NEWS to move the share price significantly the whistle of the shorting de-rampers at the point has the same effect because there is little or no trading range and the principle of resistance has been removed. To create a stampede you will primarily need two elements, opportunity and BAD NEWS. The worst situation this will lead to is “it will act as a test”. Market makers do this practice to flush out sellers before the share price can go up. This reduces the free float as much as possible. The bottom feeders will have a frenzy of buying (more than likely it will be professional buyers) when the price has fallen enough and then the price returns to normal ranges or even higher.
you two certainly make for good reading.lol. speranza?where have you been for the last 12months,can you remember that poster called fatboy or something,that bought 100g of these at 0.90,or around that level about 2 years ago,you was posting on here then I think,i bet hese peeved off.
facts are facts, by copy and pasting, others may know that it is not me making the evidence up. I am just the messenger, however, your triangle theory is not going to work,why? so much positive news coming,the results of the test mining,updates from Eritrea, updates with the mining permits.NEWS,NEWS, AND MORE NEWS.
Also, I can tell when a person knows his/her technicals.... I have been pasting some of your sentences into google... Stop copying and pasting what you dont understand from random websites... Thats why these posts are not making any sense....
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