Dateline Resources Ltd (DTREF)

[rheddle]

Interesting thoughts Ozzie ! Somebody posted a graphic yesterday afternoon showing the trades at the ask v the trades at the bid yesterday. There were a lot more shares traded at the ask yesterday, so people not giving away many shares with a big spread between bid and ask. The bid actually tightened throughout the day as well and it was at 057 / 058 into the close. We have had spreads of 6 and 8% at times the last few weeks.

Just opened up my account. 2nd day in a row where there's no 1M or 2M pre-market block trade showing, which was going on last week. I speculated last week and the week before that might be the shares from the ASK being sent over for distribution on the US end, but really don't know. I never saw pre-market shares in any pink or OTC stock I have owned without a dual foreign listing, so thought it might be the US end taking our share of the convertibles from the Aus exchange. Don't know for sure though and I didn't read any replies offering opinions on that either.

What I would like to see is bid support from people that still want more shares at lower levels, plus hits to the ask from people that don't want to wait for bids to fill in case anything interesting happens on Sunday night (which we have seen before).

I think as long as we don't have people frustrated and bid whacking we should be ok.

Our chart is recovering over here and people follow that, so it could be an interesting day as long as we don't have a massive ask wall turning off the volume. At least the MM's don't have a 1M / 2M headstart on us (so far at least) to help them build their ask wall if my thoughts on the reason for the pre-market trades of 1m / 2m blocks (that we are no longer seeing now) are close to the mark.