Mexus Gold US (MXSG)

[rwalia99]

BUT - someone is buying in the dark (probably both bottom feeding & then hitting the ask)...

As I've been watching, generally towards the 2nd half of the day, those willing to hold their ask closer to previous day's close will get filled. About 50% of our volume seems to go through in the last 2 hours of trading.

I think, someone is accumulating in this range or buying back shorts. They have a certain amount they want to buy a day as to not push the price up and are starting in the morning bottom feeding and then buying more towards the end of the day closer to the ASK from the previous day... Seems like a good strategy if you want to accumulate before some significant news comes out.

That's an example of useful information if you can dig through the clutter of a message board. Someone who can look at a Level 2 and decipher the information.

Charts can be very useful but only if you know what you're looking at. To use any one tool as the absolute is only going to tell part of the story. There are a few things most observers will never see in this current version of the chart:

-A few very inexperienced traders got into this stock very cheap.

-Their lack of experience makes them more susceptible to emotion and gossip.

-Their lack of mining knowledge leads to a fundamental ignorance about the process and timelines.

-All of the above led to a few people with a lot of shares who don't know what they're doing.

-Paul Thompson is not "slick." He's a good, decent man who is almost laughably bad at interviews and had a bad habit of giving specific dates rather than general ones that work best in mining.

-The people above had a mini freakout because of that.

-Those people behaved irrationally, as novice traders do.

-A couple of others took the opportunity to help walk it down more and grab cheap shares. That's possible only because of low volume and the thinning from above. As always, with stocks...smart investors understand the temporary situation is not the permanent. They take advantage of it. Novices feel that whatever is happening right now is going to happen every day forever (good or bad). It's why their trading is more erratic.


These aren't the kinds of thing that can't be understood by just looking at a chart. It doesn't change the incredible position the company is in. The stock (and its chart) is incredibly manipulable right now. 18 months ago, people would have been in disbelief if they knew what was coming in the next 2 years. This is still very much a matter of when, not if. People inventing drama on message boards doesn't make it reality. It is what it is. Very good things are coming for shareholders here whether people realize it or not. The impatient do not have the upper hand here. This is the pre-game. Nobody knows about this stock. In mining, that changes quickly when the money starts flowing. Realize that you're lucky enough to be early to the party. Personally, I've been buying all the shares I can right now.