Post by
tdsb on May 25, 2010 2:07pm
The Games
Accumulation is going on right now; they meaning companies and trading houses have been fooling the retail guy for 150 years and it's always the same. They start buying up on mass when the price is low and then when they have bought 10 million shares or whatever their target is, a news release comes out and the little retail guy starts getting excited then in another few days or a week after news letter writers and the likes have been sent some bumf out comes another bit of news. The bait is on the hook but the fish are nibbling but the price is increasing. Then some more information gets released and the retail suckers are hooked and the buying begins. Now when everybody else is buying the companies and investment houses begin selling. They have to start selling early on because they have too many shares to just dump it takes several days to a week to accomplish this. That is why Randgold and Sprott sold at the top; coincidence I don't think so but this is also why as Allen say's you must be right when you buy and then just hold.
Comment by
tdsb on May 25, 2010 2:28pm
Sorry I meant to say Volta; I thought they sold some shares near the top.
Comment by
candy19 on May 25, 2010 4:47pm
I am curious as to why you always assume that when cormark purchases or sells volta that it must be for Sprott. Sprott sold this company many years ago and they act for a variety of institutions .
Comment by
zBankerz on May 25, 2010 5:08pm
candy19, thanks for pointing that out?! I will shut up from now on regarding Sprott buys or sells information ;-)
Comment by
tdsb on May 25, 2010 8:43pm
I guess one shouldn't assume anything with their postings there is usually someone else to set the course right but that is why we read these posts, and what makes for a good board. So far we have avoided the acrimony that can happen and destroy this discourse.