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St anyone who follows stocks made a killing on Rockrose in bad Covid times .. Get with it Mr Journalist . I paid £6.50 ... say no more byeeexx
In technical terms the market is taking a dump today, get used to it it happens..
'.......the placing was carried out over 5 months back so don't tell me that is holding us back...'
It's a big assumption to believe we've had 5 months of the placing investors selling. It's worth understanding the daily volume and when the SP moved back up to the placing price (I would assume that the vast majority of those investments weren't sold below the placing price!). Still scope for some placing holdings being sold.
Bladey /ST spot on. If we don't work out here I'll be shaking my head (snipers nightmare) for the short/medium/long term.
Well there are twice as many sales to buys it would appear hence the sp movement
@ST, agree with you entirely. Still believe some haven't grasped the programme of the company. Once the selling is out of the way, this will be an entirely different beast as company mandate sinks in aided by rising PoO.
It'll get to a point where those traders who invested at the high will want to see a return further higher, then the sells will slowly dry up and SP stays stable above ~3.50 and traded higher. I'm still seeing blocks of 500k or higher being washed through and bought up, whether it's thru 100K or 500k blocks...regardless they're being bought...to be sold higher...it's as simple as that. Buys are still leading the sells and we're still heading out of the over-sold territory. Still bullish on the daily even tho it may not look like it.
I would prefer the volume to be a lil higher, but it is what it is taking in the fact we're a while away from spud, yet chipping away at it day by day. Like I said before, I haven't kept a specific eye on large placing blocks going thru, but regardless the fact remains, each day that passes dries them up more... Still a game of "Patience"
I can't be really ar$ed to watch this moment by moment.. there's just no point for me...but i'm happy with direction, (even tho it may seem a lil consolidated).
....Patience
Spud is still 5/6 weeks away yet.
Mobilisation news still 3/4 weeks away.
Plenty of time for us to be 4/5/6p before spud.
Now is the time to focus on fundamentals and that last bit of patience into the drill imo
oiler, keep the faith man,a hell of alot can happen in few short days! we'll get there in the next couple of weeks .
Yes, especially when at least half the (buy) volume yesterday was at 3.8p+
Probably MM's trying to shake out those of a 'daytrader' mentality to fill large orders as cheaply as possible (as is their job after all).
'I have seen ZAk charting mostly gets it wrong imo '
Yep but we've got Bladey doing our charting:-))
Call it what you want, I agree it will break the gamble is when.Maybe those pesky Placing are still hitting who knows.
It's called a level/zone of resistance. Doesn't mean it's an impenetrable price though!
Look up 'breakouts'.
SIinvestment you are correct in what you say but once in a while like here you must have noticed there seems to be a ceiling of about 3.65.The last time it hit that number I was on the brink again of selling and didn't and watched all the profit disappear.I noticed the sp starts to hover around that figure and then start to trickle down,thats to me is a warning sign.Im not a great lover of charts I have seen ZAk charting mostly gets it wrong imo GL