Not defending MM's but they are doing their job - matching buy and sell orders - they cannot help it if a shorter dumps large quantities of shares at 27p or 28p and they have no buyers - we have 2 shorters Oxford and Sunrise (see short tracker.com for daily updates on their positions) - we also have tower just about to start drilling next to our manor - except for towers spud RNS there will be no news from them for a couple of months - if they hit CHAR will rise - if they hit a duster we will move downwards but SP will drift between now and then unless any news from our BOD.
Its bobbing like a cork
If you hold em tight they will instead bob upwards to get volatility... simples..
Could be - volatility = dealings = profit, and gives them opportunity to accumulate. But for us, patience will pay. Rig news is the catalyst we need. Then this will move :) Anyway, gives us time for a cheeky top up now and then :)
£30k of sells in three trades...is this our friends trying to break the 22p support line to trigger more stop losses?
Longreach - onshore
http://www.proactiveinvestors.co.uk/companies/news/67833/longreach-oil-gas-poised-to-drill-into-prospective-zone-at-kamar-1-well-morocco-67833.html - should hit TD soon .... And https://www.nrci.no/Services/RiskUpdates/Article.aspx?id=373 - you will need to register - Namibia O&G experiences increased activity ...
RE: Re short selling
Hehe. Agree. And why would they pay the offer if weak holders are willing to give them away for less. Simples.
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