ADI 2.35% $3.05 apn industria reit

cup and handle?, page-5

  1. 9,634 Posts.
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    Interesting question and one which is often on my mind. I doubt that I make much difference overall but I must have some effect. Today I bought 10,000 at 29c when the top buy offer had been 28c. My main buy order was cheaper but I put in the higher one to see if it would get filled. It did. In that case I'm not sure if I dropped the price or did I keep it from going to the next buy offer at 28c and thereby kept it up (or not down so far).

    I don't usually worry too much about the actual price but rather keep track of the relative price of the three. I have always made public my trading and point out the variations so that any one else can take advantage of the events the same way I do. I never trade in a way that I end up with a lesser interest in the overall Sugarloaf project. You could say that if I do influence one stock down then I influence another of the "brotherhood" up.

    I suggest I have influenced others to join in so they, whoever they are, are influencing the stock too.

    I'll add that the volume offered today was not great and it was hard to change from one to the other. EKA is catching up a little and if you just look at the quoted prices then you would think a swap was possible but the volume available on the "buy" side was minimal and trading for a swap was not on.

    So, on reflection I suggest it helps the SP overall. I usually buy on the slump (helps in a small way to slow a slump) and I only sell on a high. I am a nett buyer having accumulated well over a million shares of the three. In doing so I have turned over a few extra million units.

    I don't think I have been a bad influence. What do you suggest?
 
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