Mart Resources Inc MAUXF

Firming up a bottom

[takingthemon]

It is starting to look like we are firming up a bottom near these levels. I will be watching the TMX closely but the shares waiting to be sold are starting to clear up. I hear that many larger investors have sold off a larger part of positions they had with the company. Examples given to me were the same I posted earlier. If we stay above the $1.20 mark we could be a strong place for the share price. 

If we see the spot price of oil close above $102.80 we might see a small bounce. This could create a trade window to once again lock in gains from this level.

Good luck

Regards

[gibbonsj]

there were not enough shares sold to say the majors sold off large portions. Had volume been 10M to 15M each day last week I would say you were correct but that was not the case. What I saw was a lot of small trades moving the board.

[takingthemon]

I have been watching everything from the TMX. There has been large trades hanging for the last month plus. Not sure what system your are watching but many trades are not seen until they go through. That is why the TMX system I use costs me a lot each month. Go to the site and see for yourself. Not sure why I always have to post this. The regular public trading systems are not good

[gibbonsj]

Give us a break takethemon, volume was far too low. Are you sure your're getting your money's worth from that TMX platform that costs you so much. We had the same information but came to different conclusions.

[takingthemon]

updated every few weeks and see the color change of the water and land. The oil is seeping into the ocean and has been for a while now.  The selling in Mart started a while back. There has been many shares traded since the first 52 week high of $2.00 - $2.20...since then the selling has not stopped. Tmx shows the shares waiting to come on the open market. They have already been

[gibbonsj]

what your're looking at is fear stacking, posted without expectation to execute. No doubt there is downward pressure, on that we totally agree but that's what creates the opportunity. For every share sold one was bought and with exception to volumes of last week, trading has been entirely within norms.