CVT 0.00% 1.5¢ covata limited

Ann: Q4 FY2016 Conference Call - Transcript-CVT.AX, page-35

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  1. 5,339 Posts.
    lightbulb Created with Sketch. 1297
    @Acca
    Looking at the sell side., my gut says cappers are playing games.
    This happens when they smell a good thing

    Column 1 Column 2 Column 3
    1 19.5 8   308,059
    2 20 4   448,953
    3 20.5 1   52,500
    4 21 6   473,986
    5 21.5 3   63,000
    6 22 9   1,045,042
    @20c, 4 x 112000 = 448,000

    @22c, 9 x 116000 =1,045,000


    All they need to put some of their shares on sell side.
    (They don't mind losing some at 19.5c)
    This scare some holders into thinking there are big sell-supply. A few shhs got conned into selling .
    (They are also on the buy side, waiting to accumulate)
    Occasionally they will sell a few shares to themselves

    Saw this 'capping' pattern in a fintech Rto stock, on closing 4pm auction, on most days for 3 months, April-June 16.
    (Trolls may show up on the thread at the same period)
    Some of us joined them and accumulate bits and pieces for 3 months, before its suspension.
    Its ready for relist, soon.

    Covata will be a ripper before christmas16.

    Aimo.

    -----------
    As for mal'
    He is a social poster, and does not own shares in 19 out of 20 stocks he comment, mon-fri.
    (i think he enjoys and needs lots of attentions)
    I put him on 'ignore' 2 years ago.
    Last edited by Glyco: 05/08/16
 
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