PRICE GAMES CONTINUE? REAL/FANTASY? SELL SELLAs noted in my last post, suggested the unnamed traders & Brokers, were at it hard to walk up the price on NO REASON or FUNDAMENTALS, push the price up seeking the Unsuspecting/Lure buyers to perhaps, my opinion and guess, to sell to. Generate Liquidity and Excitment and Volume?
Real Buyers? REAL SELLERS? THE SAME? CROSSES?
AS noted, there is no reason, based on current Resource MKT, REAL REAL News, Fundamentals to see the price move up over the last week or so except??? CAUTION to BUYERS, my opinion.
Brokers - as suspected and noted, MGI/Canacorrd/BMO/RBC/ or yes can't forget ANONYMOUS??
If you can secure, as noted before, the actuall high BID, then SELL but becareful of MKT orders you just don't know what the price will be on either the BUY or SELL???
Also, suggest, my opinion, weak Link with EPL is a major shareholder, FNR, has cash issues/debt issues/submerging portfolio of ??? value - refer to SEDAR and do your research on the holdings. What if FNR needs cash? Can or will they unload??? a large block?? refer to other stocks who have seen large ales from their major share holders, TSX is filled with such examples.
SELL IF YOU CAN BUT CAUTION - Also, the price could rise more?? but ask yourself is it real or can you secure the higher bid??
All the above in my humble opinion/observations over time, discussions in public conferences with the parties/ SEDAR reorts/state of the Resource MKTS.
PS - Even though I am and sound like a BEAR on EPL - I do think EPL is a good company whose MGMT has done well inthe past but, they have lost their way over the last few years and need to rethink and go back to the old ways and avoid certain parties??