NAM 0.00% 77.3¢ namoi cotton limited

accumulation by stealth, page-2

  1. 665 Posts.
    Hi DCT,

    I couldnt agree more.

    I have taken a small speculative position in NAM based on its strong chart pattern and the fact that I have seen some large orders come into the market and just sit there at 38c recently.

    One such order was for 80000 at 38c. This equals $30400. Not a big order?.......it sure is when the average volume is around 60000 per day. Today, only 21K traded for example.

    Have you noticed how the sellers are drying up as well.

    I have been watching QCH and the Cotton Futures market as well. Both are showing strength.
 
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