Pantheon Resources Share Discussion Threads

[echoridge] 31/5/2023 19:57

This thing traded the better part of 60m shares today, with 18m+ in the closing auction alone. Even with the usual noise of double-counting, etc., that's 10x+ normal daily volume. To try and spend a single second of anyone's time trying - and so very, very desperately - to argue that the day's activity AND price action weren't totally and completely defined by the double-index rebalancing that the Company experienced at the COB, is to expose yourself almost intentionally to ridicule.

[nobbygnome] 31/5/2023 19:45

He clearly is one of these arrogant types who can’t ever admit he is wrong. A bit sad; people these days need to show some humility…

[nobbygnome] 31/5/2023 19:43

It’s interesting Cezuan calls us simpletons when he clearly doesn’t understand how the market works and needed it explained to him! Hypocrite is the word which comes to mind….

[echoridge] 31/5/2023 19:37

for the love of sanity, stop writing. for 5 seconds, just try talking quietly to yourself so you can stop digging, and then you can return to sharing your thoughts on downward regressions or trading gold miners. Anything but having to watch you struggle trying to squeeze your square thoughts on an advanced subject like index rebalances into the round hole of your attempt at sounding clever.

[cezuan] 31/5/2023 19:27

echoridge, you're a simpleton like noobbygnome and impressed by your own words. this was never about my argument, but about whether you could "know" that the price action was "only" bec of rebalancing. you then said it had to be bec of price insensitive sellers, but that is insufficient and also simplistic.
I also doubt you talk to people like that in daily life, because you don't appear competent though you're talking like you are.

[echoridge] 31/5/2023 19:09

ah....read a book.. you have less than no idea on this topic and thus your entire 'argument' is just pure word salad...NOW you can go

[nobbygnome] 31/5/2023 19:03

I didn’t say that. The clincher for me was the huge UT but don’t let the truth get in the way of a good story! Ho hum….

[cezuan] 31/5/2023 18:59

noobygnome, you are too slow and this has taken too long. I stated from the start that 35m were traded at the close and that this was likely due to the mentioned rebalancing and that this didn't speak to any price effect. I dont want to repeat myself. I am not trying to convince anybody. I said: you cannot just notice "ah, market rebalancing happening", "sp somewhat weak today" and infer "weak due to balancing". If that is what you're doing, you're wrong. But I don't care any more what exactly your reasoning is. We will find out over the next 2 weeks what happens with the price.

[echoridge] 31/5/2023 18:49

Certainly looks like US line is trading a pretty calm 10 1/2% above the equivalent UK close, which would put the share price comfortably up over the past 2 days actually. Not big volume I admit, but if you understand markets, it's a positive signal going forward.

[nobbygnome] 31/5/2023 18:45

So clearly you don’t understand the significance therefore I will help you. The big volume UT shows there were a number of IIs who were desperate to get rid of stock by close of play today. So the theory that a number of Index Trackers had to sell by the end of May and by definition will not be selling tomorrow, seems entirely feasible.

This lesson is given entirely free to you! It appears you have a lot to learn..,,

[cezuan] 31/5/2023 18:28

sounds deep nobby, good luck!

[padamster] 31/5/2023 18:17

Nobby - also to add - someone is picking up this stock!

[nobbygnome] 31/5/2023 18:14

Hmmm you clearly don’t know how the market works! The UT is how IIs and MMs balance their books at the close of play. Hence a UT which is 50 times higher than normal is very significant….

[helpfull] 31/5/2023 17:43

Cor blimey, guv!

A guaranteed profit tomorrow.

A guaranteed 3p rise.

I certainly don't understand how markets work.

With the US market still open shouldn't peeps be filling their boots before the London open?

Those Americans don't understand the market either.

But at least it has caused the share price to soar in the US tonight. Or not.

Be careful.

[cezuan] 31/5/2023 17:40

if you know how the market works, if you know that rebalancing depressed the price, explain how. imo you cannot. how do the shares traded at the close affect the price? were the shares traded during OH rebalancing shares? how do you differentiate rb shares from placing shares as those could sell, too, and volume was high since the placing. how much time is there for rb & would it make sense for rb to create 20% volatility into both directions suddenly over 5 trading days??
in short, do you know or could it just be a coincident narrative that - just like when farallon stopped selling and the selling didnt stop - exists, but is not relevant?

[cezuan] 31/5/2023 17:24

nobbygnome, dont waste time. make your point so I can reply to it.