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AGORACOM News Flash

AGORACOM WIRE - MONDAY MAY 28TH, 2012

SONOMAX completes $3 million equity financing

Caisse de dépôt et placement du Québec contributes a significant portion of financing

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Thompson Creek Sees Higher Molybdenum Price, Seeks Acquisitions

Jake_in_widgeon
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Re:price stalled at 1.40

in response to Re: TCM shopping at TTQ by mzsmith
posted on Mar 28, 08 11:54AM

 

I think that someone wants to accumulate at 1.40 or less and someone else is cooperating with them by putting just enuf of their own shares on the ask to keep it there so that the traders who want to make their few bucks now (ie. to sell now)have to also put their ask at 1.40 to sell. Then when the accumulator is all done he'll feed all the 1.40 shares he got from his pal back to that pal at that price and keep all the suckers' shares he got at 1.40. I'm not very knowlgeagable (sp?) in market manipulation but there's gotta be some explanation for why the ask can't get above 1.40 for the last 2 days.--does this sound like a do-able strategy and explanation ? Another thing---look at all the TD,RBC,BMO,Scotia asks--I would say that those are probably home traders looking to tie in their little profits on this latest little run up and not the serious longs who are holding for the big bucks to come and I take that as an encouraging sign for next week.

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