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19/09/18
15:33
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Originally posted by Soothsayer
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tooo volatile for me mate... the chart is some what scary... I understand of late the concerns here with GMC, and though I can run down companies myself at time something is a little dodgy here.. Im lucky to have exitied when i did IMO... thought i got out to early to be honest... got a little lucky after all
Im not saying its all doom and gloom.... but the SP is played constantly here due to easy pip trading via volumes and easy 10-20% games, well orchestrated pumps and dumps... such will always be in play with massive amounts of shares on issue... easy to scare holders out of shares when flashing big numbers on a screen to intimidate...
happens tooo much in the world of trading...
back below 1.6 which was proving to be a strong resistance for along time.... too much volatility here with the story of GMC not unfolding as portrayed... political issues are always a night mare... the volumes of august portray some serious pump and dump play... but hey I only hold a crystal ball, sometimes its foggy, sometimes its clear as water and so transparent, sometimes I bounce it like a basket ball... I have no predictions from here as politics is annoying as #@$%....
1.4 does look on the card though, be interesting to see the orders change in 1.4 when touched..
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Totally agree with you. Im guess is that someone is trying to make the buy side look huge so that they could get unsuspecting investors that haven't done their research to buy them out higher. Someone big is exiting quietly is my guess. If 0.014 get hit... the fake bids will run towards the hills