The Bushveld Perspective

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Trading Analysis – 13th Dec 2017

After the previous day’s Tea-Time Tease (lifting the Bid from 7.50p straight to 8.25p to falsely represent Buys as Sells) – they reversed the Bid early on – which made the SP look like it was falling. Evidently nobody fell for this obvious ruse and following a very strong series of 50K buys one after another between 9:26 and 9:43 the price paid for Buys rose to 8.50p.

A series of trades around 8.25p, including one of 250K, soon after have consequently been classed as sells, forcing the nett trade position back to +150K (i.e. 150K more Buys than Sells). Continued buying during the rest of the day, including more 50K and 100K Buys (either PIs or possibly spreadbet shorts from 20-29th closing) led to a closing nett trade position of +305K.

As can be seen from the chart the Market Makers short position has now grown from 1.7M to over 2.0M.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer

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Thank you for visiting the Bushveld Perspective, an archive of opinions from many private investors and commentators on the subject of Bushveld Minerals, which it is completely independent from.

The Bushveld Perspective holds no responsibility for your investment decisions and information written should not be relied upon in completing specific transactions. In particular the content does not constitute professional, financial or investment advice & must not be used as a basis for making investment decisions.

The content only conveys the personal opinions of our contributors. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000.

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This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer