LNY 0.00% 0.6¢ laneway resources ltd

not possible, page-91

  1. 13,065 Posts.
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    Towie and others who might have been interested in that 7 million share theory that I was considering.

    Well, they've now all gone, so, on the surface, that, IMO, optimistic, buyer has been completely vindicated with his judgement to wait for the rest of his 4 million outstanding buy order to be soaked up with the drip feed.

    But, it does "say" two things to me. It took a 1.6 million sell order to clean them out.

    So, IMO, even though they were optimistic enough to plonk 21 grand onto LNY, with what is on the public record, they clearly weren't too anxious to get all of those 7 million ASAP.

    But, just as importantly, someone else was more than happy to dump 1.6 million shares @ .003 suggesting that they have an opposite, more pessimistic, view of the prospects of any early recovery in the SP.
    Can they both be wrong? Still watching.
 
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