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With scaly aero magnetic survey results
Shorters would be furious
Investors feel victorious.
Mapp. We dont have a client in the name reversed do we with the rhymes? Mapp / Pam Eyres? Keep them coming
Arrgghh - In my head I've started to read the poems in her voice now
Am I an influencer? A Pumper? That would be an
insult. I am an honest investor who calls a spade a spade.
Good Luck to all of us GGP investors.
Mapp no luck required. 2 steps forward 1 back we now move forward again. Ggp holders enjoy
Pam Eyres is a Piscean. I am a typical Piscean and turning words
into rhyme is fun and relieves tension. I am doing my bit to move the
market up and chased shorters away. That made my day.
Mapp - you honestly think the relative position of a bunch of celestial objects at the time of your birth determines your personality?!? What a gullible clown you are...
... but I would be so sceptical; I'm a typical Aquarian ;)
I am a Piscean too - hands up the other.
Pisceans are decent and easy going . AIM is for two faced thugs but
I suspect we got it right and there are very sound investors on this board.
Their advice makes sense and I am determined to stay invested.
Is 20 the new 12?
"Is 20 the new 12?"
You mean, we might sit here at 20 for 5 weeks or so and then shoot up by 65% to 33p over a month's time?
If so, I'll take that.
Personally, I'm not persuaded by the conspiracy theories about MMs and hidden buyers, etc.
If anyone was thinking about taking a big stake (more than 3%) in this company, whether a mining major or an institutional investor, they'll have done their due diligence. They'd have known GDXJ was coming. If they wanted a big stake, they'd have probably started building it back in August before GDXJ was on most people's radar.
I just think we've got a lot of profit-taking going on, and thus market volatility. It's less today and is probably winding down. I thought it would be done by now, and we'd have started to rise again. I expect next week will be upward, perhaps significantly upward.
If it's profit taking going on that's keeping it down...then why have the last 4 days reported many more buys than sells?
Sorry TmT you believe the drop this week was just profit taking, including yesterday’s drop?
"You mean, we might sit here at 20 for 5 weeks or so and then shoot up by 65% to 33p over a month's time? "
Sort of but I am very keen on Fibonacci numbers turned pence: so 12p before 13p, 20p before 21p then jump to 33p/34p
0 , 1 , 1 , 2 , 3 , 5 , 8 , 13 , 21 , 34 , 55 , 89 , 144 ,
I am a gullible clown and would not be here if I were sensible
for AIM is for ProTraders who know every trick of the trade and
smart investors. I am the odd one out and shall give it up as soon
as I have reached my goal.
TmT 'if they wanted a big stake, they'd have probably started building it back in August before GDXJ was on most people's radar.. "
Silly question maybe, and mostly in ignorance but what has the effect of GDXJ had here?
Cheers.
I believe it was orchestrated, vicious and deep. I have other thoughts which I will keep to myself for the time being. Good weekend all.
Go Thomas Sandgaard (for addicks fans)
The drop was an organized short selling attack. ProTraders were in charge
and weak investors sold at a loss. They sold because they were sucked in on a spike
and everybody who pumped without clue or intentionally to mislead
is dangerous or scum. Anybody who sold at a profit has given the share to
the next investor. Distribution of wealth.
@Spratt "Sorry TmT you believe the drop this week was just profit taking, including yesterday’s drop?"
Primarily, yes. I want to preface by saying I've never worked with a MM so I could be wrong, but this is my theory.
I believe there's been some big sells coming through. The MMs are taking time to fill them and so the spread is moving down before they are filled, so it looks like a buy. Nobody is dumping 5 million at a pop or anything like that, most big sellers are smarter than that, but I'm guessing a lot of these big "buys" are actually sells.
I don't want to say there hasn't been a tree shake here and there, I'm sure there has. Why wouldn't they, especially if a bunch of short term traders from the last couple weeks set stop losses? Harvest those stop losses, for sure. Undoubtedly some of that.
But people keep posting that they bought. I think you did. So if you were able to buy at the low prices, that says it was a real price, not an artificial one.
Again, I could be wrong and there might be more manipulation than I think. But remember, there is more than one MM and they all want your business. Manipulation is limited unless they are all in cahoots and that's not likely to be the case that frequently.
Glad we're still talking to each other. :) ATB
"I am very keen on Fibonacci numbers"
LOL, would definitely take that.
Correction:
I am very keen on Fibonacci numbers pence for share price and million oz of gold for assets
Hi Mapp. I read your posts and feel your pain, you must have had some very bad times trying to play the AIM game. Shorts are a part of that game, without them there would be no market. please do not blame your losses on the shorters/sellers. Your losses were your decision to trade. Use AIM for a fum time and a gamble nothing more nothing less. With a vast amount of time used in research and a vast amount of luck it will pay out, but not very often. ATB Speedy
"Silly question maybe, and mostly in ignorance but what has the effect of GDXJ had here?"
There are different views on that but I'll give mine. 22-23 August, SP was 12.8p, and we figured out on this board over the weekend that we were almost certain to be in GDXJ. I was so certain that I went from about 18% of my investments in GGP to 40%, something I never thought I'd do.
You can see the price history. We closed at 19.9p on the 11th, the announcement was 10 pm. Some of that increase was due to some really good news (drilling results, mining lease), but I'm convinced at least half of it was due to people buying on GDXJ expectation.
Once it was announced, things went crazy, up to 25p on Wednesday. Then, a couple things happened (again, my view). Some who had bought in earlier took profits, rather than wait for the uncertainty of the actual buy-in, also some LTHs took profits (we know of one on this board who paid off a mortgage, another LTH said he sold out as well), but combined with that, the market makers engaged in a massive tree shake to try to collect enough shares to satisfy GDXJ.
That lasted for two days, and then at close of play, GDXJ bought their shares at, as it turned out, 27p. It didn't last, it never was going to. Massive profit taking this week. Perhaps also more tree-shaking by MMs to harvest shares -- they might have gone short a little bit to feed GDXJ and so needed to pick up more shares.
Net effect, in my view, is a gain of about 7p in the last month, over 50%. I'm guessing half of that is due to good news and half is due to 120 million shares being taken off the market and put in sticky hands.
This is my view only, others have different thoughts on it.
very sensible post @TMT - With hindsight and a crystal ball we could have all sold at 25p and as you say loaded back in at 20p - resulting in many 100's of thousands of shares for free that ultimately will be worth well over 50p each IMHO - GLA