Replies to post #16490 on Mexus Gold US (MXSG)

[T-Hawk]

I get the frustration at the VNDM seller. I understand why it would be nice to buy through the shares that seller keeps putting up. However...

As a buyer I would not up my buy just to burn through someone's shares faster unless there was some reason of urgency (i.e. demand). I get that it's "only" $20, but $20 buys 250 more shares. At an .08 per share price, .001 is 1.25%. A patient buyer waiting for VNDM (or another seller) to come down on price .002 - .005 per share could buy an additional 2.5 - 6.25% more shares than at the .08 price.

I look at it this way, if I could squeeze an additional 1% - 6% profit on an investment I would do it.

[rwalia99]

Also keep this in mind...

When there isn't much activity either way (buying or selling), that's a thinly traded stock. If buyers aren't buying at market price, the stock price isn't able to move up. And if a seller (particularly one who is intentionally manipulating it) keeps selling shares into lower bids, he thins it out even more. Notice how someone regularly sells 100 shares into lower bids. This isn't a subtle tactic. There has been a person consciously trying to do this. He wants to find followers who will panic and react to his moves so he can accumulate shares at a lower price. The problem is, most of the longs with sizable positions are holding long-term for much higher prices. We know gold is coming and that this stock will be worth significantly more than 7 cents, 8 cents, 12 cents, 20 cents, etc. So the tactic you're observing has taken a long time because the only real sellers are small-timers, daytraders, swing traders, etc. On the other hand, there hasn't been a lot of buying activity either. For the most part, the people who want in on this stock in a big way already own big positions. So, at some point, we need to see people buying MXSG at market price. That's what moves the stock. Not putting in lower bids. And we need a decent volume of buying that way. Until then, this stock is manipulable. We know from the past that it goes both ways. It also moves up in a hurry. It has done that without any numbers or gold in the past. Soon enough, we'll exit this short-term annoying game and enter a much more fun and profitable one.