you are selling PDL at 7p - how many weeks/months were you sitting watching this , hoping it would go into single digits? now its in single digits you through away your shares in the hope you can buy a penny less, greed is a traders curse
look at 3hr chart, big long spike at top of candle, and finished at bottom of the candle, the 3hr candle range is very big 7.2-7.9. (10% of price)..thats a lot of distance covered in 3 hours, likely to see inside bars now I would expect , technical analysis doesnt take into the reasons why this happened, you know this of course
Colonel gives very informed posts on here and has a respectable reputation, and usually neutral on price which I like, however , last post had a whiff of de-ramp about it, lets look at facts:- 1. 1 fund GSA has increased short by a whopping 0.1%, there are NOT a band of shorters joining them 2. The idea that the price will be grounded down by these yet unknown forces upto Jan update is conjecture and fearmongering 3. We have a £10-£20m diamond sale coming up in just 3 weeks, and diamond index suggests diamond prices are reversing, as the colonel was keen to tell us on many occasions upto Monday, and we got a 3hr reverse hammer candle on the board, nice setup for tomorrow.
I can only conclude like many on here Colonel sold his stash, and is out in space, now he is concerned about re-entry
Just been reading SteveE posts, and he doesn't appear to me any wiser than other posters on here, in fact I like Liamcossie cos the guy can read a chart, sometime all the fundamentals can be absolute garbage and that is often the best time to buy, the PDL chart speaks volumes to me, Nov/Dec will be great for us