LRC 0.00% $3.54 laguna resources nl

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  1. 1,870 Posts.
    Precisely Ozytrader, that is my point about those assumedly Bot trades going in each minute for the whole of yesterdays session - and those Bot trades were on the Buy side (sellers were much bigger lumps).

    IMO the buying of those small lots is demonstrative proof that someone is building a bigger stake in LRC at the moment, and that Bot trading was happening all through the session, at least at the 2.0 cents, 2.1 cents, 2.2 cents levels. Thus LRC is a safe bet up to that level at least, IMO.

    That buying would not have been undertaken by someone wanting to make a 0.1 cent or so return, its someone that wants into the company in a bigger and longer term way!

    I am very confident that LRC will continue to be supported by that bigger player, but since the Bot only trades small amounts per trade you can't see the extent of the buying support from that entity - its like a big buy-in position by stealth.

    Of course Bot trading like that will not support major falls in the price, it seems to just silently and very slowly chomp away, small parcel by small parcel.
 
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