TSXV:FCO.H - Post by User
Comment by
SuWeberon Sep 16, 2021 1:32pm
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Post# 33871577
RE:RE:RE:Not looking too snappy here!
RE:RE:RE:Not looking too snappy here!They have enough action to flip 100k give or take shares on a regular basis. You don't want too much action and too many investors, because once you have a steady upward movement because too many investors are attracted, you lose the ability to control a stock with said fake walls.
Right now, if you have enough money, you can essentiall dictate the prices of this stock, because the volume is too low to break those fake walls. Sell at 0.15-0.155, buy back at 0.14ish or lower, rinse and repeat.
This has been going on for months and until we see interest coming back to junior miners, which has not been doing attracting a lot of investors in general, there won't be any change to this. I would say the earliest we see significant price movement is here once a new resource estimate comes along sometime early next year.
That's why there is no point obsessing over the stock price and always commenting on it, it will stay within that 0.13 to 0.16ish boundary. The only time it dipped significantly below that was a few months ago when someone sold 1 million shares, it dipped for a few minutes to 0.09 and went back up quickly again. Said person bought the exact amount of shares back the following Monday, so one can figure out how legitime that action was.