Yes, this is how shares work. It is called a resistance point and is usually at each penny. At 10p some sellers will come in. At 11p some sellers will come in but as the trend higher develops, more people stick and will not sell as they feel the price will go higher and this creates the trend. Then if good news comes out there is a sudden rush of buying and we move to re-rate. You are just stating the obvious saying that the share price is at 10p and there are sellers. Seriously???
IMO, 380k shares sold at 10p and bid is down to 9.75. when bid becomes 10p, I expect 20k sells will appear. they buy 280k shares to make SP above 10. maybe another sell about 100k or 200k could appear at end of market.
Flying. I think the oil being paid in $ and in the ground value in $, oil co's looking like a real winner from Brexit in £ terms. Great that Roxi did all the drilling when the £ was so strong and CAPEX costs were so low! The whole dynamic has now changed and looks like the management made some great moves!
on low volume. There is a buy being worked as they are trying to put off additional buyers...not really working though as they are still creeping back in. I think we will be rising from now on until A6.
That's a silly statement. You are saying if the share price rises, a big sale will come through. OF COURSE A BIG SALE WILL COME THROUGH. That's why they increased the price so that someone would sell and they could use the shares for their buy order. Seriously, what a silly and obvious statement to make. The general picture is of a rising share price trend into A6 news. We will have big buys and sells but the trend over the coming weeks is what is important.
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