RE:RE:RE:RE:RE:RE:FCU commentWow, action eerily similar to Jan 7th - Jan 9th....
https://stockcharts.com/h-sc/ui?s=FCU.TO&p=D&b=5&g=0&id=p77231234777
PamplonaTrader wrote:
Gigantapithic wrote: Can you elaborate on your comments about "idea of how Dev plans to defer a takeover" as well as the below comments, "hostile take under" and why to buy FUU shares...
Also, sorry to put you on the hot-spot.... What happened to your big day you suggested would happen?
PamplonaTrader wrote: I think if you're worried about a hostile take-under, good idea to pick up some FUU shs.
Hi G,
Should is not the same as
will.
I do think games are being played.
Recall, I pointed out a potential leak of 43-101 when FCU broke $0.93 on 1/7/15... the next day, price gapped up on higher volume but traded in a smaller range. Based on my experience, FCU
should have seen follow through that Friday and
should have gapped up again.
Instead, pre-market was weak on 1/9/15. TA's, knowing what price
should have done, dumped their positions when there seemed to be no follow through... taking price down to $0.94. This prompted people like nosleep to write a long post about how I needed to check my TA. I was adamant that the action reeked of a bear-trap/shake out. Well, bids returned in a big way and at close, FCU announced the 43-101 tables... so, imo, it was pretty clear there was a leak and a shakeout.
Now, I am usually the first to shrug off claims of manipulation... but the evidence is building. Quakes posted MOC trades and the tape was consistently being painted at the close. I think some entity has been trying to keep a lid on price and has been trying to accumulate shares. When I posted on chat.ceo.ca last week that the coil was about to break... their resident TA, Goldrush, pointed to the wall at $1.14 as a reason why he wasn't biting. Too bad. But that is the effect that market depth is having on some traders.
Also, what compelled Dev to go out and publicly proclaim that FCU will not be sold for under $3.00? Why is he saying he has a plan if a takeover is attempted?