JDZ Nigeria-Sao Tome e Principe

[trade2much]

instructmba:imho MMs manipulation: MMs make their profits from VOLUME. Over the last 6 weeks they sold their cheaper shares and their inventory as of now must have a cost base between .75 and .92. Just a guess but I believe that is about the range they have bought in recent time.

We note that Chrome holds 40+% of ERHE 716M shares, leaving only 429M shares in the loose float for the MMs. They just found that they could only get 1 good volume day to the downside and scouped what they could from weak hands.

Now they have a large and more costly inventory hence the way has to be NORTH for them to make money. Imho they can't get big volume and big profits without a push north, now they know South just won't work to buy many more cheap shares.

Just my guess but we stay north and hopefully get some + news

BOL