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Goldsource Mines Inc V.GXS

Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty.


TSXV:GXS - Post by User

Bullboard Posts
Post by Tooton Jul 29, 2008 10:54am
323 Views
Post# 15339073

I think you gus are playing a computer

I think you gus are playing a computerThe bids and asks are for the most part small (100 to 300) and the volume is relatively low and the gap is monstrous at times.

These are all contrary to true volatility.

These are all elements required to manipulate. 

The computer is controlling the gap just like market makers on the OTC BB in the USA by eliminating a tight spread that could feed into a trend.

The higher the price rises on true momentum, the bigger the gap naturally forms as the stock tries to form a natural top and is the perfect storm for a computer to control the action on a low float.

It stretches the gap up and down in a controllable pattern that the computer can  calculate average buy and sells to the volatility.

The huge gap allows the manipulation because it is human to resist dumping across the huge gap to take the loss and vice versa for jumping to ask.

The computer plays the momentum, dumping or buying until the bears or bulls are spent in either direction over  the huge gap. Then it raises or lowers the bids into the gap to change the direction,  and sucks in the players who stretch to the ask or bid with a little help from the computer and it goes both ways back and forth. 

The huge spread makes it almost impossible for anyone (except who is behind the computer), who is trying to trade the validity because if you go for the ask or bid depending on the direction of your belief, at the huge spread cancels your chances of making a profitable trade where  the bid will rise or drop and hold to the point point where you can sell for a profit. It is slim indeed :) 

Just a thought, but sometimes when something makes no sense, the only logical conclusion no matter how outrageous can be a good guess. 

Very few real winners here. :)
Bullboard Posts