What boiler room told you this?
90% certainty it will happen or 90% certainty their small clients will hold up the shareprice while their big client exits?
:t_up:
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I must say I do agree with this observation - it has surprised me how well it's held up, given the 'potential' to cave in to a good dose of profit-taking.
The other bits of heroics are unnecessary, and on other less respected channels would have been moderated and poster suspended within a minute of being posted. BUT, given we don't see this sort of tipping very often, 'onya son :t_up:
Predictive infor, Xerof.
There are good brokers and lousy brokers out there - I have met both kind many times in my years in investing.
A good one will try and predict (after proper analysis and careful consideration) what are likely to happen. A lousy one plays on your fear and greed to churn brokerage.
In the end, you learn to stick with one or two good ones.
I would love to have NZX investigate my postings - they will come out looking like donkeys. How can the NZX say it is keeping investors informed when it is 2 hours late releasing information which is in the public domain!!!!!
Remember the incident last year when their system broke down and only wholesale brokers can see market infor, but NZX continued to keep the market open? And get this, brokers were not allowed to complain publicly to the media as they could be kicked out for causing disrepute to the NZX!
Yes, very weird buyers keep nibbling away at 1.28 and some 1.29 but noone is willing to nibble at $1.3 and no seller at the moment are willing to go below 1.28...
You must know this is very dangerous for you Balance, potentially leading to insider trading charges against someone if true, and if not, you will probably be branded a liar and probably on everyones block list pretty quickly. Hell, even I am thinking about sending an email to the FMA just based on info here already.
There is a clear difference to a site being down or someone messing up and being 2 hours late in posting something as opposed to a "hot tip" 10 days out from a supposed announcement.
Pretty shoddy all around, I must say. We are all supposed to be after a fair, open and transparent market, this sort of nonsense starts to make this look like the Chinese stock market.
Please send to FMA.
Love for them to investigate the NZX properly.
I am not tipping anything 'hot' which any broker in the land who keeps an eye on the market will be able to try and predict.
This is the problem with some of you who have no idea how the market works - next time i will keep the predictive infor potential to myself.
Looking forward to interacting with the FMA, and for them to investigate how the NZX got a clean pass from FMA after the NZX shut out half the investors out there from sensitive market infor and depth.
While you are at it, send this to the FMA as well :
http://www.sharetrader.co.nz/showthr...&highlight=gpg
FMA will be keen to investigate how I tipped GPG would hit 60c.
:D
Hi Sparky, whilst I greatly respect your opinions, views and comments and even those of Balance's (generally) however I must admit that there is marked difference between cultivating a network of 'experts', garnering their expert opinion and making an informed decision on a stock purchase and between having specific (time sensitive) information on a specified deal prior to the rest of the market, with the closure of which having a material effect the price of said share.
The first is good business/investing sense, the later is a breach of the NZX Continuous Disclosure rules 10.1.1.