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I don’t think Durban are selling because of liquidity issues.
Sadly I believe It’s due to they are still in profit with buying at 1p at the most.
I also would guess, as the largest shareholder, they would have insight to performance and are acting accordingly. Especially as PW was on the board and so, likely to have seen internal sales updates.
That’s not me de-ramping, just my guess at the situation.
If you had bought at 1p, I’d guess you would be offloading too if you could.
Try the dummy buys and sells AM01
Contact your broker and see if you can buy 1m shares or sell 1m shares for example
If you can buy more shares than you can sell you know the market does not want the shares or vice versa
My take on the Durban Holding sale
This is the worst possible way to dispose of shares, so it must have been forced upon Durban for whatever reason
They would have initially contacted their broker with a request to sell a large quantity of shares, the broker would have then contacted potential buyers of the shares directly to sound them out as to a sale
If the broker could not find a buyer to purchase them on mass he would have to drip feed them into the market day after day
The problem with this option is it telegraphs the seller to the market and so depresses the price of the shares, which is exactly what happened
I think so AM , 2 millions share sold and sp hold pretty strong today
No idea why but better than what I was expecting …
Many small investors don't like him because he shorts shares and points out the faults with their shares
I am not interested in the individual company's he mocks or tips, it is how the industry works i am interested in.
Which most private investors don't understand, brokers, market makers, how people manipulate the system, what the regulations are, words to watch for in official announcements, not just reading the bullet points, download and read the entire document, etc, etc
Knowledge is power
share prophets
.com
Looking real bad 2mill more shares sold by major shareholder , they have much more …
But even they sold 2 million more shares SP didn’t crashed today , is it a positive indication?
what is TW? Thanks
Listen to the piece by TW, he lists various reasons for their actions better than i could
I have subscribed to his service for a few months, i have picked up more information on how the market works in that time than i have pieced together my self over the last 10 years
Durban holdings DID break the rules, as i said this morning
Long piece by TW at share phrophets on CBX
According to the LSE rules, Durban Holdings should have issued a TR-1 on the sale of shares ' as soon as possible ' or at the latest 4 working days after the trades
"Once the sell off stops, this will push back up pretty fast."
If I had received a penny each time I see that line!
I just love this statement. I mean the sheer brilliance behind it: "if no one sells any more and every one starts buying this will go up pretty quickly". Wow. Let me stop, pause and take all this wisdom on. Too difficult; head spinning.
If you want to manipulate, at least come up with something nobel. Really!
1m BUY (£15.9k) - at 1.59p
1.5m BUY (£58.8k) - at 3.9p
2m BUY - not possible.
Does this suggest anything? I think so (if daily 0.5m SELL stops).