Current trading and SP Anyone that has enough experience investing in the venture can see through the trading today. It is clear that the venture is full of knowledgeable people that know how to take advantage of a news day with slow initial volume, which is a prime target to flush out weak hands and make a few cents on the way back up. This kind of selling brings more selling and frightens people on the bid and adds fuel to the fire. For most of the day there was approximately 1M shares on the bid between 27 and 29 that slowly disappeared as the asks started to move downward.
This is an orchestrated game made to make a few cents per share for the people behind it. This in my opinion was a quick win for a few people and we will move along shortly. I don’t know what today's trading will look like, but the longs here including myself pick up shares when the SP goes below 30 and get a lot more aggressive the lower it goes (without chasing it of course).
IMO we might see another rocky day today where we fluctuate around the 27-28 cent range (+or- 1 cent), however I think this is the calm before the storm. A couple of days in this range is fine in my opinion. As the word spreads on the US side, this lower entry will expedite the momentum as more and more potential promoters or newsletter writers will want to call this as early as possible and maximise the potential return for their followers.
The average shareholder out there is holding shares in the low 30s, so don’t be deceived into selling your shares at a loss. These games are strategically timed to shake the weak hands. I have received confirmation after confirmation from everyone I know, and all are holding onto all there shares and are taking advantage of the downtick. Some are actually excited at the notion that there might be a possibility that they can pick up more shares below 28 (if we have a similar day to yesterday).
My advice is stay the course and don’t try to move in and out of this stock for a couple of cents here and there. Let the games be played, we are very close to gaining the upward momentum back again.
Good luck to all, narmar