TSXV:CAV.H - Post by User
Comment by
mining_pays_my_billson Jul 02, 2014 2:24pm
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Post# 22710530
RE:BAJ Chart looking good we have 826K on the BID & Only
RE:BAJ Chart looking good we have 826K on the BID & OnlyNow up to 886K on the bid at 0.05, and only 35K on the ask at 0.055. Think of what this means- 886K shares wanted, and buyers are willing to pay 0.05. There are 0 shares for sale at their bid price of 0.05, in fact only 35K are available at 0.055. What's more likely to happen- will the seller asking 0.055 for 35K shares cave and sell at 0.05, or will one of the numerous buyers offering 0.05 increase his bid to 0.055 to be sure he at least gets some shares before the price goes up further? Based on numbers it's 25 times more likely (25 times more bids than asks) that a buyer will increase his bid than it is that the seller will decrease his ask. Tremendous upward pressure here. Once the 35K at 0.055 are bought, the next ask will be 0.06. This is what i like to see, a nice, slow steady climb, with the share price being supported by buyers. I think we'll be at 0.06 before news even comes out, and then up to 8 to 10 cents when news comes out (provided it is the big news we are all waiting for- mechanical completion of the copper circuit).