Crosby Asset. Share Discussion Threads

[traidemark] 13/1/2011 13:30

i just want to point out that holders who believe in this company should note that this may be a natural bout of profit taking and nothing to worry about long term.

the markets always over do things in both directions

[traidemark] 13/1/2011 13:22

, there is barely any stock in circulation, a trade of that quantity would have been placed this morning and would have either improved the share price or opened the stock up had it been a buy

because of the low free float a buyer would have paid more for a larger purchase in my view

the share price has been weak all day, no real hint of a recovery if you look at the limits

often a large trade will match a buy or sell price on the day, i had a day trade on this today and sold at 4.85p, at the time i sold you could buy at 4.86p strange as it sounds.

but still im only 90% sure it was sell, unless your an mm who knows for sure.

the markets are not full of deception, to me its obvious it was a sell

[traidemark] 13/1/2011 12:47

it was a worked sell.

[traidemark] 13/1/2011 12:29

the problem is that they crash the price and allow buyers in and push the price back up

but they then drop the online sell limits so those buyers are trapped.

as mentioned either they have a large seller who has not finished or they are thinking of using the jump in the share price to push out a placing.

[bernieboy] 13/1/2011 12:23

Sitting in a meeting and missed the 4.1p entry level! :-(

[traidemark] 13/1/2011 12:16

hi, ayesha, pleasant as usual, yes i forgot i annoyed you with true statements on another thread,

if you care to look around you will not see me mention csb on any other thread.

and if you could possibly do some research you would see that fair value for a placement is 3p, while you are there take a look at the current cash position here.

my views alone that should not be taken as investment advice

[traidemark] 13/1/2011 12:08

easy to work out, i used to use level 2 but it was manipulated to high heaven

now i just check the limits,

you can now buy at 4.4p so that would suggest they will up the offer soon

the danger is that it looks as though a placing of shares is about to take place, and unlike a certain persons estimate of close to 30p i would suggest it will be more like 3p

[induna123] 13/1/2011 12:05

You was right, they took it down to 4p.

[traidemark] 13/1/2011 10:24

bernie, wise not too buy just yet,

i checked the limits on that spike and you could buy plenty but only sell 1000 shares with my broker

it would suggest they will take it lower but who knows

OT as we are talking about pmg, it looks as though its all kicking off again

[tomboyb] 13/1/2011 09:52

I think access to John Mckeon probably is preferable to NGP his flagship share. But i've also watched PMG go through the roof although that did have assets certainly not enough to back up the share price but Tom Cross.

[traidemark] 13/1/2011 09:51

volume is an important indication of direction.

low volume falls are obviously bullish over all.

[bernieboy] 13/1/2011 09:47

Never quite reached my range....so still on the sidelines!

[induna123] 13/1/2011 09:44

but as others mentioned on significantly less volume than when it went up to 9p.

[traidemark] 13/1/2011 09:40

all buys coming through now

you can buy at 4.62p

but as stated above it was 4.54p which represents a 50% fall from the 9p intraday high

[induna123] 13/1/2011 09:39

Hello pennylane2. We need to stop meeting like this.

[pennylane2] 13/1/2011 09:38

Nasty indeed basher;-).Another of comedy's milkpan he has abandoned empty.;-)

[parvez] 13/1/2011 09:36

Bernie's target price getting closer :)

[induna123] 13/1/2011 09:35

you can buy at 4.54p

[induna123] 13/1/2011 09:33

chart looks nasty.

[timeoff] 13/1/2011 09:28

Exactly lazygun - there is NO "good" business reason. Pure speculation and a small free float has pushed the shares up to a totally unrealistic valuation.

This company needs to raise capital in order to carry out it's plan, but there is not one person here who knows how they intend to do that. Maybe it'll come in the form of a fundraising, rights issue or backing into another company with real assets, or whatever, who knows. But one thing is for certain, unless it is a HUGE deal capable of absorbing the "JM punt" valuation, it's going to come in at way less than the recent highs here.

[lazygun] 13/1/2011 09:00

There's no good business reason. Comes down to supply/demand, and speculation on what john m will do with the controlling stake. Interesting though - over 40 million shares traded pushed the price up to nearly 9p, and then less than 10 million has popped it back down to 5pish. All the more interesting when you consider that if jm still has the 54% stake, there's less than 15 million shares available to be traded, so they must be being swapped around like crazy at the moment...

[parvez] 13/1/2011 08:58

L2 anyone?