Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I don't want any parabolic moves, slow and steady does it! We need to wrest control of the price (shorts are somewhat helpful here, not long left till they're expendable). We're going to revert to fundamentals soon. Very healthy chart thus far.
In our current "reality", there are three types of players: "Sources", "Sponsors" and "Sponsored". Sources create capital and sponsors lend capital to those who want it (the sponsored parties). Sources are on our speed dial list. Shorts have a few medium to small sponsors (their combined net worth is peanuts). VH has every right to be annoyed, the shorts tried to cause a run on MTRO. The level of restraint shown by MTRO is truly inspirational. Kudos to the upper echelons. MTRO's business model is that of opening branches so it is a major supporter of the dying retail sector, consequently, shorts are messing with a lot more "sponsors" (some are very powerful) than they think. Fundamentals don't matter for the next few weeks. If MTRO decides to respond, it won't be a "fight", it'll be a massacre. Let's hope the shorts' AI is intelligent enough to point that out to them. Stochastic calculus is not on their side. GLTA!
I hear MTRO has a new limited time dish on the menu: fried piranha, extra crispy. Ticker is trading by the book, I'm loving it! I think fundamentals will not come into play till later in the month, in the meantime, let's enjoy the chart pron. Very classy MTRO, very classy! GLTA!
Keep in mind that they typically sell to each other as well. They usually hunt in packs, I see it all the time in the mining sector/precious metals. It is very risky to try this against a well connected bank. None of the shorts are TBTF so this is going to be fun.
I think the exciting aspect of this play is that us longs are very evenly matched with shorts (and IMO are possibly *a lot* stronger - we have direct links to *very* deep, possibly bottomless pockets). I *CAN'T* wait for Monday!
Stock has been trading quite technically between support and resistance. The social media rumours were a blow below the belt. We've got Michael Bloomberg and Steven Cohen on our team so I think a good portion of popcorn should be on standby next week. The Telegraph article was the first counter ... and it's not going to be the last. "Buy the rumour, sell the news" in full force. This is a walk in the park for VH. GLTA!
Didn't realise all links are removed, anyway, the link was to an interview from Bloomberg about DOJ indicting JPM PM desk. Feel free to search about that using your preferred search engine. It's all over the mainstream news services.
My pleasure sw10000, it is quite tough to prove something is "illegal" and when it is possible, you'll see this: https://youtu.be/lsUaTzRCv68
These manipulations suck and a very strong stomach is required to enter the foray ... however ... it is quite fun!
If I was in the matrix and I had to chose where to stay, I'd be quite happy to stay in Mobil Avenue. I'm not a fan of the "desert of the real" and I'm not too keen on the "Matrix" either :)
Wishing you all the best! GLTA!
I think "illegal" is a tad too strong. I don't think what they do is illegal per se. They need to keep liquidity in the market and the movements caused by algorithms are all within acceptable margins in my opinion. Parabolic moves in a short space of time are never good because retail are very fickle and erratic so I quite like the "market making". I learned to make the "manipulations" work for me rather than against me, you'll soon forget about whether it should be legal or not. Good luck!