Member Info for investor33

And by the way, once a positive RNS comes out, you have the likes of Hamm bouncing around giddy with excitement - saying things like ' buy now guys, we wont see these kind of prices again' or ' last chance to buy at these prices - this is a guaranteed multibagger guys. ' So stoking up lots of FOMO so that the trading desks can offload during their distribution phase. Makes me wonder who he works for....

Doc ; you assume that it's some kind of retail investor selling I presume ?

What if it's the trading desks who want the price to stay within a certain range - say 2.5p to 3p, and are happy to keep shorting to make this happen whilst they accumulate at the depressed price ? If you are a trader at a MM ( they trade their own accounts as well ) then why not short using a CFD at say 3p and then when it has reached 2.5p buy back with a tidy 17% profit ? And then you can accumulate at artificially low prices as well at around 2.5 to 2.6p. With all those numerous spikes and then huge pullbacks which make up the history of the price action of MATD I would suggest that this is what has been going on for years.

Somebody on here said that the price action is being kept within a defined range - and I agree with them. If you look on a chart, the sideways price action over a period of time is typical of an accumulation phase - and at all costs those accumulating will not want the price to move strongly against them whilst they do this. It's no different to a wholesaler wanting to accumulate stock at as low a price as possible if he wants to make decent profits. And as somebody else also said, the RNS releases are the trigger for distribution to happen at the top - or near the top of a spike. And then rinse and repeat, rinse and repeat.

Actually the latest publication by Tom Williams was entitled ' The Undeclared Secrets That Drive the Stock Market. '

I just checked, and I think you can see a free pdf online.

Williams was always adamant that the smart money goes where the professional money goes. Accumulate when the professionals are accumulating, and distribute when the professionals distribute at the top when FOMO is rampant.

He had a saying ' news is bad for you wealth. ' Buffett put it another way ' buy when people are fearful and sell when people are greedy. '

Mmafr ; spot on - I think that's exactly what has been happening. People forget that selling can also be shorting using for example CFDs. And I think you're also correct in saying that the MMs are accumulating through shaking out the bag holders who give up out of frustration. Just listen to the frustration expressed on this board - it all plays into their hands. Essentially the MMs play a game of manipulation not only of the share price, but of retail investor's sentiment.

Looking at a chart, the sideways action between 2.5p to 3p indicates an accumulation phase. It's classic Tom William's stuff - who was the first person that I listened to in terms of how the stock market really works. In fact he wrote a book with the title ; How the Stock Market Really Works which went into how the MMs operate. He was a syndicate trader in the States for many years. His thoughts were based on Wyckoff theory.

The trouble is that LTHs have been dealing with a share which historically has been far more suitable for traders.

It's easy not to look in the mirror and question whether our approach has been flawed. I admit that my approach has been all wrong these last 5 years - I should have closely watched the chart for PM and simply dipped in and out based on this.

I think that given that the district governor has tried at every turn to sabotage PM, and that the business environment in Mongolia is ridiculously challenging, that the management have done well to get it to where it is now. Petrovis is a highly successful company, and some of their top brass is on the PM board don't forget. It we think that PM is incompetently run then effectively we are saying that Petrovis is an incompetent company - PM is its subsidiary after all.

Master ; some of those ' amateurs ' are from the top brass from Petrovis. PM is a subsidiary of the Petrovis Group after all.

Jimi ; we don't know enough about how it works to make judgements. What if a workover has to be completed first in order to apply for the permit ? We just don't know how it woks. It's quite possible that there is data from the workover which needs to be filled in on the permit forms.

24k of sells so far and 179k of buys, and the share price so far down 2.5%.

And some still naively believe the price action is all about fundamentals and the perfect working out of supply and demand via the market mechanism...Yeah, right.

Hamm ; given that my average is 3.6p - nope. I certainly wish I had taken advantage of the previous spikes when they were 6p to 7p though....

Master ; so why did the price peak at 3.5p this morning when the RNS had already been read and digested ? Did people suddenly say ' oh wait' after having been able to read and understand the RNS from 7am onwards ? What pushed the price higher at 8am ?

After every spike following an RNS people come up with why so and so not being right which must account for the price action. Yet the pattern is always the same every single time. Anyway, hopefully support may have been found at around 3p.

For me this is still a trader's share. Up to now it always has been.

Look today at ( very likely ) one person offloading 4m shares in four tranches in just 8 minutes between 8.02 and 8.10 this morning. And those eager young things eagerly looking for their bonuses working on the trading desks of the MMs will probably be behind a lot of the trading.

The problem is that retail investors who consider themselves to be LTHs are really in the wrong market - and up to now that includes me. That's why I wont be bothering in the future with Aim once I am sold up. And I can't see anything but extreme price volatility in the future even when production starts - I did warn that there would be another spike when an RNS hits next, and there has been.

Master ; it is quite possible that the infrastructure permission can't be sought until a workover is completed, as some info taken from the workover may well be needed in the application.

Stas ; very interesting again. Thanks.

Doc ; as regards Hamm and his ramping, maybe this applies to him ( quote from Stas20)

"SETSqx is a breeding ground for greedy young MM traders that will do whatever is required to maintain top table on the quarterly bonus. "

Stas ; Excellent comments - thank you for that. This comment is particularly interesting ;

"Its a standard action within lightly traded often illiquid but importantly nonSETS stocks. SETSqx is a breeding ground for greedy young MM traders that will do whatever is required to maintain top table on the quarterly bonus. "

At last we have someone on here who properly understands how the MMs operate. What they get up to is indeed well documented, and in fact my introduction to the markets was to study the work of Tom Williams. He was very clear about how MM manipulation of the price action happens - for many years he was a syndicate trader in the US.

All the time frames - 10m, 30m, 1hr showing green bars forming.

Looking at the City Index real time chart of PM, there's a huge spike which on a 1 hour chart looks like a huge telegraph pole on top of a hill, which went all the way up to 3.5p. Now a green bar is forming again, with what looks like support at 3p.

Very interesting to watch the price action on a chart in real time. City Index only created the chart in mid June for PM.

Well said Stas20 ; I have had a lot of flak on here through frequently pointing out what the MMs get up to - lots of sarcastic comments, the last one being from that Gigi.

Master ; the MMs need to stock their warehouses, and like all good wholesalers they want to acquire that stock as cheaply as possible. So drop the price and shake people out to sell cheaply to you. MMs can induce fear very quickly if they want to snap up shares.