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Is it legal to do that? 
FML - Focus Minerals
- Thread starter nizar
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I don't think it's legal to manipulate the SP, but it never gets prosecuted so ...
Whoever is doing this has a totally different time frame and methodology to short term traders (me!). It's almost impossible to trade. You either adopt 'his' time frame, like oldblue, or get out.
Say for example the Ords dropped 30 points tomorrow. An accumulator would have no problem in using his accumulated stock (much of which is already sitting in the queue) to capitalize on this and push it down a good 15+% by removing his buys (which may account for a huge % of those sitting there right now) and adding selling pressure, then picking off the sellers that appear, then ending the day -5%.
Whoever is doing this has a totally different time frame and methodology to short term traders (me!). It's almost impossible to trade. You either adopt 'his' time frame, like oldblue, or get out.
Say for example the Ords dropped 30 points tomorrow. An accumulator would have no problem in using his accumulated stock (much of which is already sitting in the queue) to capitalize on this and push it down a good 15+% by removing his buys (which may account for a huge % of those sitting there right now) and adding selling pressure, then picking off the sellers that appear, then ending the day -5%.
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Its not real manipulation; its just algos/people trying to get big orders filled, thus the 'iceberging'
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Very hard to pick, as it has been the last few days. A buying 'edge' here, if you'd call it that, is that it's in an uptrend, and there's lots of bids/sells flying around. Volume is active, meaning there's lots of interest.
I really need to upgrade to a gold account with Bell Direct to see market trend. I feel like I'm blind.
Good to know it's not just the one buyer that's behind it.
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at 12.30, there's been $4mill value traded, so maybe we can expect it to finish with 6 or 7 mill for the day. The SP action + volume will draw in short term traders. I can't even imagine where this is going. I want it up around .076, but Being smashed is a definite possibility. True.
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Simple
TREASURE ISLAND
OPEN PITS SOON = $$$$
Get out at your peril!
TREASURE ISLAND
OPEN PITS SOON = $$$$
Get out at your peril!
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FML has some attention at last!
The Mount is about to get the crapola drilled out of it!
The TMH plant should see grades of 4 to 5 gpt put thru it
March is shaping up to be a ripper.
DYOR
The Mount is about to get the crapola drilled out of it!
The TMH plant should see grades of 4 to 5 gpt put thru it
March is shaping up to be a ripper.
DYOR
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Hey Tech, want some salt on that?
Great week for FML
Some of us have made a packet!
Great week for FML
Some of us have made a packet!
Nice breakout and solid outfit but, I dont see any value?
My NPV is way out of wack with a 208M market cap. Un natural volume I would not be suprised if it turns out to be a bit of a pump and dump.
You have not made any money Xenith untill you take more out of the market than you put in. When you sell out let us know what sort of return you got and have a gloat but its a good idea to wait untill then and not tempt fate.
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The most recent Hartleys report (http://www.focusminerals.com.au/LinkClick.aspx?fileticket=QDelO0B70IU=&tabid=315&mid=1516) had a sum of parts valuation of 10.3 c and that was before the "Resource Upgrade and Bumper Drilling Results at Tindals Mining Centre" release feb 10. This shows further upside relative to current SP but their costs are high and they have meandered for a long time. As far as a valuation goes, if they are going to become the 100,000 Oz/pa producer they aspire to, then some comparison with someone like SLR may be helpful, MC of SLR is approx $375 M and MC of FML is approx. $210 M. Don't know if this offers any help or if it seems misleading as SLR's margins are larger.
Further to this, FML SP currently is moving up whilst SLR is not. This information is quite helpful.
2c
tech/a
No Ordinary Duck
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Higher highs and higher lows coupled with a steady as she goes type sentiment, the upside is great IMO
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Don't think I really need to say that much but show the pretty coloured graph.
Solid break from 5 months of consolidation with clear increase in volume and a rising POG.
Looking acceptable at this stage. Only thing to do is be aggressive and then take money off the table by being ready to sell when the time comes.
