Notgnu wrote: Yah, I am unconcerned. Dollar wise that is a small amount. I have put a wall up myself a few times back when there was volume. The gambit is, for example:
- Sell one or two million shares at .195
- Hope the bid drops a 1/2 or a full cent
- Put up another million or so on the ask
- Hope no one comes and scoops all your shares in one bigger buy
- Hope to accumulate everything you sold at a penny or so less
This is why my average cost on NCU (when I have posted my holdings in the past) shows as about $0.16 but in reality my average cost is about $0.13.
At these low volumes I do not want to take the chance of losing any of my position to any of the other's here.
I don't see it as manipulation per say but rather as psychology, speculation and trading. Whether it is myself doing it, like a few months ago or whether someone else is doing it it is providing liquidity to the market. If another buyer wants to buy a chunk then there is an offer... if another seller wants out then there is a bid.
Where it is problematic is when someone is trying to distort the information upon which the trades are based. I have always put out information that has rather been at my own peril (stupid me, I know) in that I believe in the opportunity, I post my reasoning and I buy at the same time... Kinda the exact opposite of P&D schemes.
All will be well, we have a mine now and not a near bankrupt corporation of half a year ago.
Cheers,
Notgnu
Arbourmark wrote: Thats because there are few who do not want to see this sp breakout. It called shorting and manipulation.
goldanalyst wrote: | NEVADA COPPER CORP. (CA:NCU) |
| Size | Bid | Ask | Size |
| 179000 | 0.185 | 0.195 | 1008500 |
| 413500 | 0.180 | 0.200 | 1336000 |
| 394500 | 0.175 | 0.205 | 777500 |
| 464500 | 0.170 | 0.210 | 814500 |
| 946500 | 0.165 | 0.215 | 210500 |
|