RE: It is criminalAMA21968,
I'm happy to report that the 100,000 sell order at $.53 the other day was not fake.
I managed to pick up 80,000 shares of the order.
I've been in Halo for several months now, and am more confident in the future of Halo today then when I first invested.
I could go on about the things that this stock has going for it such as the NI 43-101, major partnerships, limited number of shares O/S, recent drill results and all this for a market cap of approx. $10 Million, but it has already been said here many times.
I think this stock is seriously undervalued given all the components of this deal.
What I found to be particularly encouraging is that the sellers have pretty dried up at these levels. Any significant buying has the ability to move this stock significantly higher. This is the current depth on the stock. A total of 12,000 shares on the ask up to $.64. Approx. $7,000 worth of buying clears out these positions.
| # Orders | Shares | Bid | Ask | Shares | # Orders |
| 3 | 109500 | 0.550 | 0.590 | 500 | 1 |
| 1 | 3000 | 0.530 | 0.600 | 1000 | 1 |
| 2 | 7000 | 0.520 | 0.620 | 3500 | 1 |
| 2 | 11500 | 0.510 | 0.630 | 5000 | 1 |
| 4 | 20000 | 0.500 | 0.640 | 2000 | 1 |
Looking at the depth, I definitiely get the feeling that someone is trying to create an orderly market behind the scenes to prevent Halo from gapping up too far, too fast.
The rationale behind doing this is anybody's guess. A financing could be coming down the pipe for which the price has yet to be set.
Either way, with:
1. the commodities markets (copper, gold, silver and zinc) on the move;
2. Halo projects and resource estimate
3. major partnerships (HBM and Goldcorp)
4. limited shares outstanding
5. modest market cap
6. limited asks
Halo has the makings of a major winner
My advice to anyone in Halo is to hold on to your shares. This one isn`t a day trader.
The 300