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YML - Yilgarn Mining

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Well, the profit taking has well and truly kicked in. Can anyone tell me whether the slide was generated by one seller or several?
 
Looks to have been 1 seller offloading 550k shares, has completely smashed buy depth, oh well his loss,

Fundamentals have not changed and Carr Boy will be out soon to confirm this, little bit more patience, I personally am going to use any weakness as a buying opportunity
 
OK! who just dumped 400 000 onto the market
Thats no way to treat yur comrades We'll hav yur walk the plank whoever yu arrgh
 
Keep dumping I'll lap them up

After waiting patiently for 2 months whats a week or two?

Maybe they are banking on a severe market correction between now and car boyd :
 
Thanks for all your help YT - Truly appreciated! Quick question, is it often for the massive sales like this to go through when someone on the inside knows something we don't? I'm new to trading and trying to learn as much as possible, if it is rare then as far as I'm concerned its just sale time, the dude probably got done a the casino last night =)
From what i understand from your research YML look to be quite powerful sooner rather than later.

Thanks again.

Greg.
 
Well that didn't last long....

Seems alot of people know a bargin when they see one.

Anyone else planning to make a dump Please :
 
I still hold YT's enthusiasm for this share, no big deal that the large lines went through, 'so what' at least its got liquidity in the daily trades.
 

This could have been an institutional investor - average price growth triggers an automatic sell of all the stock and reinvestment elsewhere.
 
It could also be someone that is happy turning perhaps an $80000 investment (400000*20c) into a $120000(400000*30c) investment within a 6 week period....
 
Remember there has been considerable accumulation/consolidation of this stock for some time and a lot of people got in at about 29 to 30 cents back in January. Some of them have been hanging on and sufferring since and see the current price as a chance to get out. Soooo....,,,,, be patient and dont' be buying above 29cents for the time being. Topping up above the going price is not good topping up. JMHO and any resemblance to truth or fact in my posts may be pure coincidence.

Oh and for the record, I have purchased my issue at a lower level and the percentage in my portfolio is enough.
 

Well the sellers have just appeared out of the woodwork. Looks like a fresh wall at 36c... only an announcement will break. Where these sellers come from I have no idea
 
Obviously the content of my last post has gone over the top. Wonder why we try to help sometimes. JMHO and I am not qualified to give financial advice
 
explod said:
Obviously the content of my last post has gone over the top. Wonder why we try to help sometimes. JMHO and I am not qualified to give financial advice
Click to expand...

I think we probably give ourselves too much credit for our influence Can't help but feel frustrated sometimes when you are a "true believer".
 
YML plan drilling 40 holes at marrillana in mid may for JORC quantities. Does anyone have an idea of how long it would take from start of drilling to ASX announcement of JORC resource?
 
Mozart56 said:
I think we probably give ourselves too much credit for our influence Can't help but feel frustrated sometimes when you are a "true believer".
Click to expand...

Credit not sought or taken. In this business there is no place for emotion yet the market is driven by it. Being able to recognise and measure it is the underlying foundation of technical analysis. The fundamentals, of course, are the first consideration but a good knowledge of charting is a must if you want to have the edge. My conclusion that there would be some selling around 29 cents is based on my understanding of market psychology as a statement of that fact for which no reward or pat on the back is sought. I wish only to contribute and share so that we may learn more together. To that end I urge you to keep throwing in your two bobs worth and we may draw in some others. Cheers explod

All MHO and any semblance of fact probably coincidental
 
Does anyone have an intra-day chart for YML today? I'd be fascinated to see how the dip "looked".

m.
 
i sold
(dumped) 400 000 exactly today, bought them all yesterday.

question: if i had not bought them what would have been the result.
 
desyner said:
i sold
(dumped) 400 000 exactly today, bought them all yesterday.

question: if i had not bought them what would have been the result.
Click to expand...

If what you say is correct, probably very little. 1,500,000 yesterday, 1.100,000 would probably have taken the price to where it finished today. Those holding for the longer term on fundamentals will not be effected in the least. It is worth noting that todays close was at the high close set back in January so the price should (I say should) hold around thise level
 
your correct, very little this time, but it does go to show what one punter can do to the charts, gossip etc on his or her whim.
 
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