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Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.


GREY:COLUF - Post by User

Bullboard Posts
Comment by BebeRebozoon Jan 26, 2010 4:13pm
208 Views
Post# 16721122

RE: Mac Attack

RE: Mac AttackMacquarie's dumping appears to be mostly programmed trading - 100 share allotments hitting the bid, along with them putting up big asks to cap the stock from going anywhere - ie - whenever buying would come into the stock suddenly House 11 would appear with batches of stock to sop up any buying - which is exactly the kind of behavior you see from professionals trying to accumulate stock while keeping the price down.  This technique works well when companies are in a news vacuum, and extremely well when the markets are in a tailspin.  The last few days have been the perfect storm to manipulate the stock price, and accumulate stock at much lower levels then we've seen in quite some time.  I sincerely hope that at tomorrow's AGM management blows us away with some huge announcement, and that this is timed with some sense coming back into the markets as well.  I guess we shall see.
Bullboard Posts