Member Info for toroil

A few nice buys in the last hour, about 500K

BBs have a tendency to become very polarized. It's rare to find balanced opinions on most message boards as they mainly consist of the true believers on one side and complete trolls on the other!

There's also no sign of any significant i.e. non retail buy in to this story yet. It's inconceivable that all the smart money is unaware of developments and only the private investors know what's going to happen. I'm hoping for success here but I would be a lot happier if I saw more large scale buys. If there was any solid knowledge of a significant discovery then I would expect word would have leaked. Right now PIs are buying and some large holders have been selling. The positive point is that the selling is so far being quickly absorbed. If I start to see large volume buys then I'll believe something good is happening.

There are no issues getting live quotes, this stock has very high liquidity, must be broker incompetence.

There's certainly not the volume of retail investors buying to absorb these sells but someone seems happy to take or hold these shares.

The SP is doing well so far today given the persistent selling. It's hard to understand what exactly the MMs are playing at as they are not dropping the SP as much as I would have expected. I think the next few trading days will be revealing and expect a significant SP move soon (hopefully in the right direction!)

It's the same pattern over the last few days, lots of retail sized buys but resistance at the mid 15s. Each time the SP rises through that threshold it's met by large volume sells (non retail?). Someone has a very large tranche they are slowly offloading around the current SP. It will take more than retail investors to break through this resistance. It would be a very good sign if some non retail buys started showing as that would indicate that people in the know are getting involved.

I'm sure his "Ultra-Giant Talent" could provide some insights.

The SP is showing resilience so far today and it's bouncing back quickly after any sells. There seems to be a significant sell order being processed as every time the share hits the mid 15 mark there is always a sizable sell quantity waiting. Hopefully once this clears the SP will resume the up trend.

Quieter trading so far today, a few large sells (~300k) at the open but since then it looks like it's mostly retail traders who are mainly buying.

The rise in SP over the last few weeks has largely been due to retail punters buying in. There has been no real selling pressure against those buys so the SP kept going up. This pattern continued today with primarily small buys but then around 2pm the large sell volumes kicked in, hence the rapid drop in SP

Certainly has been a lot of sustained selling today since 2pm.

About 1M shares were sold in 5 minutes between 3.14 and 3.19. This would seem to imply a single seller as it's unlikely these large sells would have just coincidently occurred at the same time. Looks like someone wanted out for whatever reason. Lot's of small punters buying in since that drop!

Looks like they have offloaded about 1M shares in the last hour. Wonder if it's just a single seller.

Someone offloading in 100K batches, maybe just some tree shaking?

Keep an eye on the volumes traded. If the volume starts to ramp up significantly that's when to get excited. Usually it's volume, then price, then news. PRD seems to be moving on price now but if this starts to get backed up by large volumes then its showtime.

If the so called "big boys" get involved they will be dealing in many millions of shares.

Mostly small retail type trades going through today. Keeping a watch for any single big trades which would be the first sign of something up.

Looks like over 7M shares traded so far today which is a bit higher than average. The old adage about volume, price and news is always worth remembering. Were any news to leak you can be sure that the daily volume would rapidly increase to multiples of the current volume.

I agree that PRD looks good and hold some, although it's being massively pumped on the message boards currently which is always a concern. Some wildly speculative calculations are being thrown around based on simplistic assumptions. The upcoming flow testing is critical and that will make or break PRD.