RE: Scale and growth - adds a 10 million oz gold 🇨🇦22 Jan 2026 09:43
Anyone that's been following FRES SP movement can see it's been day-traded (Humans / Algos).
Weak Intra-day movements range from 100 to 150 point range. If its less than a 50-70 point movement during the day, not even worth the risk to buy in for 50 points (minus Stamp Duty).
Strong Intra-day movements range from 200+ point range. (News event driven)
Fres SP likes to touch the whole numbers like fifty, Hundred levels or the past support and resistance SP levels. The same as other stocks.
Big institutions always buy or sell FRES after market closing hours as to not spike the FRES SP during the day.
Stamp duty of 0.5% at £40 SP is 20p which is a heft 20p movement just to break-even. No wonder when the FRES shot over £40, it lack the legs to carry on higher given the risk to reward wasn't present or attractive enough.
Buying the DIPS as I've mentioned is on minus 250 point days or when it touch the support levels where FRES SP lingered a long time in the past.
Still positive on Gold, Silver and FRES long term prospects as the macro environment has not changed since Trump got voted in (De-Globalisation), yet getting harder to day-trade this stock for beer and steak money... so just holding and not trading FRES is equally a good strategy.
Why does LSE or big buyers mask closing market trades with lots of small buy or zero buy Unknown trades and injects the big trades (over £100k+ or £1m+) brought throughout the day before 16:30 to released this info in the trade batch in the after market trading hours on the day?
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