DRM 1.80% 54.5¢ doray minerals limited

"Buyers are ready to return for another round of accumulation....

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  1. 813 Posts.
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    "Buyers are ready to return for another round of accumulation.
    Buyers are all geared up to get on from here."



    If the above statement was true then the price would have marched higher.
    The reality is it hasn't.

    I believe the bull operation is running out of puff.
    They are struggling to find buyers at this level.
    Soon few traders/investors will realise that and cause a selloff.
    The only thing here telling the truth is volume. It needs a lot of money to create volume.
    I am not buying until I see volume pick up.

    I know many people don't like to hear or read adverse message.
    I tell it as I see it.
    Having being fooled so many times, I can say it is distribution.
    If it was accumulation the price would be well below 30c.
 
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Currently unlisted public company.

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