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Nothing wrong with the share by the way.
I just see it as an opportunity for a trade
Contango is my share
I left with a £1k profit jazzy
Bought at 42 and sold at 46.50
£10k to 11k
Easy money
'I got 39p'.... Full of bs mate, no chance you happened to pick the bottom, let me guess you sold BTC at 68k as well LOL what a fud nugget.
Warrier Met Coal only down 4% in the last month. BEN down 48%. I don't see today being anything to do with coal prices, more likely a distressed seller or two which can have a massive impact on AIM. This combined with some analysts getting excited about technicals. This company is making £50m profit pa so current MC is a joke. Fundamentals are strong and I see this bouncing tomorrow assuming the March accounts are as expected.
In fact over 10m of delayed sells now showing..
Yeah from 11 a.m.
Yeah I’m not convinced about the shorting thing unless they knew that big seller was going to be selling today. More likely that the seller’s prices drove down the SP and took out stop losses.
The business hasn’t changed. In fact it’s expanding. Next couple of months and we’ll be doubling production.
Meanwhile Met coal prices may go down or likewise go up. The accounts may give us an idea of profit margins and where the Met coal price needs to be to remain profitable.
In fact over 10m of delayed sells now showing..
Bitcoin,this hasn’t been shorted, it quite simply has a big seller.
A few million yesterday and 10 million plus today, met coal prices could also continue to fall…
Plenty of risk still here imo.
Today a little over 1% of the outstanding shares in BEN traded. 38x average trading volume of around 1 million shares / day. Seemingly based off technicals and metcoal sentiment? I'll take it. Nuts.
Generally speaking Aim companies trade very few shares in a day , even when Bens was running higher the volume was light very often only trading 1% or less a day .
In hindsight when we look a Bens rise it was in pretty clear steps that 63-64p level was a big one and coincided with the bottom of a falling wedge pattern that formed from 104p down .
Let’s say someone with 30k Twitter followers can get 1% (300) of those followers to go short , that’s actually potentially a lot of volume in a lightly traded stock , as I suggested once that 63p level broke it possibly triggered a cascade of selling from those who set stop loses at 10% & 20% below that level , it then becomes self perpetuating.
But. Let’s not forget the opposite can work just as well , short sellers will be forced to close out if we get a bit of buying pressure ant the sp should rebound nicely.
Bit of director buying or even a fund buying in at these prices would cause a short squeeze imo , hence my trade today.
Nt
For once got my timing right
BIG ORDER COMING IMO
Can you explain how I’ve changed my tune ? I very clearly say the fundamentals remain rock solid and I’ve demonstrated my belief in the company by adding a further 10k shares . My core holding held in my SIPP & ISA accounts won’t be touched but I’m quite happy to trade and hunt a short term profit … it’s quite simple really
Mms short of stock
re the guy on twitter-not sure about shorting now. Not that I'm claiming any expertise butam worried with those huge dumps earlier market will get tired before they're swallowed and the gap at 35p could become a target.
kept me from holding the traders from earlier anyway.
You've changed your tune Bitcoinbull.
"FPE09 Jun 2022 13:47
Just done a few sums in my head , assuming we produce 7 trains a month @ $400 PT with a profit of $200PT that implies £134m profit over 12 months at the current $1.25 to £ with 351m shares we sit on a forward P/E of less than 3 .
A few assumptions and rough maths but if things remain on track my initial target of £3 per share over 12 months looks very possible.
I personally suspect that the lack of institutional investors is probably holding back the shares currently this is why BEN’S need to really push those ESG credentials to make them attractive to fund managers .
DYOR but 80p really is dirt cheap for a quality outfit like BENS"
TA guy on twitter with around 30k followers said short it , my guess would be that once we broke 63-64p it triggered a fair few stop losses as that was old support / resistance.
Fundamentals remain rock solid but the fear now is we get taken out on the cheap by an opportunist buyer .
For my part I’ve added 10k more at 39p which in honesty I’ll look to sell around 60p as I’m a little to overweight here as I’m sitting on 150k shares .
Wouldn’t be surprised to see some directors buying if prices remain so cheap.