Member Info for Allthatglitters

Sake. Bonker99 dot com /chartpictures?chart=IRR

Good ol' Bonks. Not sure if he's in or not now but he definitely will be soon. *********************chartpictures?chart=IRR

Interesting question, N2S. Firstly, I didn't say and don't regard these trades as dodgy. But, yeah, I think the vast majority are short selling. Likely by one of the MM's. How many PI's have over 500k they're willing to get rid of over a 3-day period? Secondly, the technicals become far more important when that is the case. Because you have to ask yourself: "What is the motive for this aggressive selling?" And the answer is, imo, because a certain price is targeted. Seeing the confluence of the 200MA, the 20MA and the Fib level, combined with the Bright Blue of most of the indicators, suggests to me that a reversal is nigh. If that does not materialise, you would be correct far as I see it.

On your final point, Mike, we completely agree. I’m sorry you felt I was patronising. Genuinely not my intent. Just surprised at your assessment.

At the 0.382 Fib Level retracement from the move up. 29.407. 200 DMA below. Oversold Touch of divergence. Percentage play that it will reverse from here.

*Not. A PI trade.

What I'm getting at is this: PI's have been able to sell above 30p (at times substantially above) for two weeks. The bid drops to 29p. An immediate trade for 29.5p If a PI splits the trade. To, say, 20k at a time, the price they receive would be significantly higher. Technical indicators are completely oversold. Some are at 0. CFEP on the ASK. MM trades are almost exclusively round numbers. All of the above leaves me extremely confident that it was on a PI trade. Naturally, there's some sells along the way. I can't really believe I'm having this conversation. So I'm bailing out now. Weeeeeeeeeeeeeeeeeeeeeeee

LOL. All those round-number trades are PI sells are they? Mike...I like you buddy. But come on.

:) I think you know the answer to that one, my good fellow.

Great place to add. Utterly oversold with some nice divergence on the Hourly chart. Doesn't it feel great to be completely oversold at 30p rather than 21!!!

Agreed. Buy price 30p. Sell price 30.02p. Profit-making opportunity!

And then I bought at 30p just now.

Gorgeous little falling wedge developing on the Hourly, 4-Hourly & Daily. C'est magnifique. I've increased my holding today.

Same as the 3x50k trades that went through on Friday. Nothing to do with results or progress or financials or in fact anything to do with the company: Just a couple of T20's set-up in the 20's being settled here.

I did not realise that, Toro. That’s very useful information to have to hand. We know from the November 2017 update that they’ve been exploring Monogorilby and sampling at ‘Bat Cave’. Presumably, with the lack of action at Quaggy, as long as the company is working on some of its tenements, that is good enough for the state government?

I think I may have misjudged you previously, Munch. Thought you had the hallmarks of a 10% trader. I got that wrong and apologise for it. Sentiments echoed.

Well, you know what Peel Hunt rhymes with.

Nah it's probably another MM buying off PEEL. Peel have crashed the ask on their own for some reason. All the other MM's sitting at 33p.

It's PEEL this time. Just had a shot of L2. Not sure what they're playing at. Fair to say their position is unsustainable.

Supposedly 112,000 bought vs 16,000 sold. Down 3%. Lol. No need to wonder who's forcing this.