GREY:NEVDQ - Post by User
Comment by
Notgnuon Apr 23, 2021 12:57pm
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Post# 33055723
RE:RE:RE:Endless supply of shares....on offer of course
RE:RE:RE:Endless supply of shares....on offer of courseTo wit:
NCU | 5,272,000 | CAD | $0.163 | $0.185 | $0.022 | $861,808.41 | $975,320.00 | $113,511.59 | 13.2% | |
NCU.WT | 31,000 | CAD | $0.038 | $0.035 | -$0.003 | $1,169.45 | $1,085.00 | -$84.45 | -7.2% | |
NCU.WT.A | 2,599,100 | CAD | $0.054 | $0.050 | -$0.004 | $141,108.00 | $129,955.00 | -$11,153.00 | -7.9% |
Notgnu wrote: Yah, I am unconcerned. Dollar wise that is a small amount. I have put a wall up myself a few times back when there was volume. The gambit is, for example:
- Sell one or two million shares at .195
- Hope the bid drops a 1/2 or a full cent
- Put up another million or so on the ask
- Hope no one comes and scoops all your shares in one bigger buy
- Hope to accumulate everything you sold at a penny or so less
This is why my average cost on NCU (when I have posted my holdings in the past) shows as about $0.16 but in reality my average cost is about $0.13.
At these low volumes I do not want to take the chance of losing any of my position to any of the other's here.
I don't see it as manipulation per say but rather as psychology, speculation and trading. Whether it is myself doing it, like a few months ago or whether someone else is doing it it is providing liquidity to the market. If another buyer wants to buy a chunk then there is an offer... if another seller wants out then there is a bid.
Where it is problematic is when someone is trying to distort the information upon which the trades are based. I have always put out information that has rather been at my own peril (stupid me, I know) in that I believe in the opportunity, I post my reasoning and I buy at the same time... Kinda the exact opposite of P&D schemes.
All will be well, we have a mine now and not a near bankrupt corporation of half a year ago.
Cheers,
Notgnu
Arbourmark wrote: Thats because there are few who do not want to see this sp breakout. It called shorting and manipulation.
goldanalyst wrote: NEVADA COPPER CORP. (CA:NCU) |
Size | Bid | Ask | Size |
179000 | 0.185 | 0.195 | 1008500 |
413500 | 0.180 | 0.200 | 1336000 |
394500 | 0.175 | 0.205 | 777500 |
464500 | 0.170 | 0.210 | 814500 |
946500 | 0.165 | 0.215 | 210500 |
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