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TRO - TriAusMin Limited

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Re: TRO - Tri Origin Minerals

JoshyJ said:
Someone big is pushing the price down and grabbing all he can. And most probably picked today so he can pick up people's stop losses too.
Click to expand...

Have to agree Joshy.

A 100k+ order at open disappeared, which probably rattled a few. Then a few sells into the bid got people agitated which induced profit taking.
Someone was sure picking this up through the day.
Not nice to see but not too unhealthy either.

Very itchy one this > as soon as a big buy goes in, this will panic people into buying before it goes too high. My opinions only of course
 
Re: TRO - Tri Origin Minerals

Gotta love that enormous gap between buyers and sellers in this one.

If it's not going to be a producer until 2008, is its value really between $1.50 - $2?
 
Re: TRO - Tri Origin Minerals

Well chops, its got around 80million shares on issue, and its got AUD$10bn (from memory) of metal in the ground - so $2 a share is only $160mm market cap or 1.6% of in ground value.


There are risks of course...
 
Re: TRO - Tri Origin Minerals

Joshy

Being vey new to the whole scene I am asking to question. How does someone big push the price down? I can understnad a lack of demand lowering the price, but if someone big wants a large parcel doesnt this naturally translate into a larger demand hence a price rise? Especially in yesterdays trading where thre was great reluctance to sell at a low price, i WOULD HAVE A THOUGHT A BIG BUYER HAS NO CHOICE BUT TO (ARGCH caps lock) pay the price asked.

Ok bye, thanks. j
 
Re: TRO - Tri Origin Minerals

toc_bat: How can a seller really be a net buyer?

you can cap a stock by putting a large sell in at a certain price with the expectation the sell won't get hit or only small chunks get hit, which forces other real sellers to go below your price in order to have their order filled....and the party which is capping the stock is happily accumulating the shares at a lower price....this happens quite a lot in some stocks. (Called capping amongst other things)

Alternatively if the bid depth is a little thin you can indiscrimately dump shares and smash the price, you may sell (for example) a couple of hundred thousand but if you soften up the market enough and create a bit of fear you can accumulate many more shares than you sold at a lower price....sometimes this is called tree shaking.

There are many combinations and variations of the above, creating fear and doubt is a great way to accumulate cheap shares. But sometimes selling is just selling and there is no hidden agenda. The trick is to know when.
 
Re: TRO - Tri Origin Minerals

Broadside,

Thanks very enlightening. I can imagine this sort of complex market manipulation in theory, but those who practise it must be pretty good to do all that just through interacting with a screen. Do brokers then have a much more informative interface than I do, through my ANZ etrade market depth screen of just the next 10 sell and buy orders?

Also how do you know "when"? Is the market depth that informative that you can see all this happening?

I must admit I was THIS CLOSE (holding thumb and index finger very closely indeed) to selling yesterday at around the 1.00-1.05 mark only to see it recover to 1.18 ish and then in the last 45 minutes take a dive again.

Thanks for the insigth again. So will this stock go up, or down further still is the question? hahaha

bye

j
 
Re: TRO - Tri Origin Minerals

Atm i have no clue. It should go up. But we just arent getting the publicity this deserves.

We need a report.
 
Re: TRO - Tri Origin Minerals

J (not Joshy J, Toc-Bat)

If your using a normal online broker than believe me theres lots that you don't get to see,

for starters I use Pro Trader its a live (ie sales updated as they happen no need to refresh etc) you get to see individual buy orders in depth (ie break the depth apart) live course of sale (exact size of volume that went through etc if the orders were X (Crossed) etc etc

As good as PT is, it doesn't even come close to having a good broker who can let you know if stock is being accumulated, pumped and dumped, boosted for upcoming placements etc etc invaluable info they provide,

As for the stock, I really doubt enough people are buying it for fundamental reasons, there maybe 1 or 2 big buyers but the rest appear to be traders,

As far as I'm concerned given its JORC Measured, Indicated and Inferred Resource its not a speccie rather an undervalued company with a huge asset and given Zinc shot up over $2.05 a lb last night its only a matter of time before TRO has its True Day in the Sun,


Just my opinion though
 
Re: TRO - Tri Origin Minerals

toc_bat said:
Broadside,

Also how do you know "when"? Is the market depth that informative that you can see all this happening?

j
Click to expand...

If I knew "when" with certainty I would be retired by now : but sometimes you get a feel for when a stock is being manipulated, sometimes it is just paranoia.
 
Re: TRO - Tri Origin Minerals

I recieved some interesting news today, Bell Potter appear to be accumulating this stock, this is not speculation or a random guess, All stocks traded on the ASX go through whats called the 'Seats System' where by you are either Chess Sponsored (Have a broker ie Commsec etc)or Issuer Sponsored (No broker, shares a sponsored by the company very few people have this)

Anyway basically through 'Seats' brokers can see Net buyers and sellers and I have been told that Bell Potter have been large Net Buyers over the past weeks.

I don't know what this means its not a recommendation or anything, but I found it to be very interesting and thought I should share it with everyone,
 
Re: TRO - Tri Origin Minerals

Thanks YT. Champ.
 
Re: TRO - Tri Origin Minerals

Perfect example of stock capping,

a 100k sell order goes up @ $1.09c

Sellers panic and jump in front selling at $1.07, $1.05 etc etc

If that was a serious sell order it would either have been fed on ie 25k at a time ESPECIALLY GIVEN CURRENT MKT BUY DEPTH,

Or it would have at least sold down to $1.05

But instead it'll sit there, it may even move down as sellers move down with it, but lets see if it doesn't get pulled, I'd expect whoever is trying to accumulate, cough *Bell Potter cough cough, to try and break $1 support and pick up as much as they can as stops get hit
 
Re: TRO - Tri Origin Minerals

Then perhaps a speculative move would be to sell to now and wait for that drop and then buy back.
 
Re: TRO - Tri Origin Minerals

This stock has really died off in terms of volume..only 114K today...
 
Re: TRO - Tri Origin Minerals

I must admit I was very silly and bought in at $1.20 in the excitement a few days ago, and am getting a bit worried now. It could easily drop off for the next few weeks months even, who nows. Then again another positive announcement and it could come back. But it is not very comfortable right now. And given im at the other side of the world and its 1.45am here id rather go to bed than watch this thing, but will I be able to sleep? Or will I toss and turn and come back to the glowing screen in the dark room every 45 minutes.

Or is it time to cut my loss here and try to get rid of it at $1.10 say, any takers? Meet me in Seats? Will ya?

I realise this is a good mid to long term proposition, so maybe I will hang in there.

Decisions decisions,

as i seem to be wrtiting to myself now ill end this post .... here ->.
 
Re: TRO - Tri Origin Minerals

Good mid to long term stock?

All it will take is 1 article in the newspapers commenting on this stocks huge assets and woosh,

Also notice how of the 100k sell order @ $1.09 like 1500 were bought so it was a 98500 sell order @ $1.09 but wait look at it now its a 100k sell order again, ie they amended the order from 98500 to 100k which means they have more stock in their holdings and they are not serious, just capping the stock IMO!

And now the order is gone, who would have thought that
 
Re: TRO - Tri Origin Minerals

Talk about a blatant cap.

Looks like whoever that was, realised they weren't going to do enough damage. Maybe it was just too obvious :
 
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