RE: 613 - 6277 Nov 2018 22:10
I still think KAZ is preparing for the next bullish wave. The Sp truth?
Today we are much better off, than at the beginning of the week when KAZ tried to breach 529.
Can we agree on that?
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Ronin1, I appreciate your conclusion about PLC prices. Quite interesting. Yes, often a share does not fully reflect the fair value in the ground. Also there are companies that scare away shareholders (as with KAZ:)), thus the Sp does not show the fair value...
But IMO the price still speaks the truth.
Did we discuss the true value of a share? Some 1,000p for KAZ?
Or did we talk about the price reality, where the market reality does NOT agree to this price?
This is the truth I was referring to. Right now you see exactly what the market thinks. At 3pm this afternoon (with scary 531), we did not see the truth. Then at 4.20pm we did see it, and this is very positive above 537.
The skyfall from 1,000 this spring shows the reality - never mind if they sit on the biggest mine in the world. One newsletter later (from Credit Suisse), and hundreds of mid sized PIs with their 70k Franks have jumped ship.
This is the market reality ("truth") I am looking for.
Candlechart trading patterns help us to unveil certain activities behind the scenes. Also they show where large AT buys will trigger. Any level2 will show you that.