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Yeah could be, it opened in Auction and was rising into close yesterday. Some of the price actions on this share have been out of the ordinary. It was in the middle of the 8.07 and 8.13 trades so could honestly be either. I only assumed a sell as every trade afterwards was at a lower rate. My buy from lunchtime
(about 1pm) still hasn't shown up, so there may be more trades from around that time yet to appear.
This maybe a buy ! Just been looking through the trades
Looks like a late reported sell from 8.10, over 600k shares. As the ask almost immediately fell below 3.80 someone in London (or Sydney) either sold on for a loss or is still sat on a lot of shares they need to sell back to the market at over 4p. Hopefully it will be the latter and we will bounce back up soon now the BoE have finished kitchen sinking the economy today.
Snap. Big moves on small deals suggest we are in for some volatility in the meanwhile, but the spread makes it impossible to trade. Deffo an accumulate and watch it play out.
Yes they were happy to take all my holding throughout the whole day. I’m holding as I’m 100% sure they’re filling a large order. I’m happy to see this one out for the next week or two
The bid appears to be being walked down to keep it in a low range. Someone clearly wants to buy under 3.5 which was the level at which they would take all of mine all yesterday and most of today until it fell away after lunch. Volume is obviously falling as the hype of last week dies down - but I can still sell a reasonably decent amount in one go. This afternoon I could get a sell quote for a large amount yet 5k was intermittently NT and for much of the afternoon selling at volume had a higher ask than selling a small amount. My buy from this lunchtime is yet to appear as well. We never can be sure what is going on in the background and its always easy to concoct a conspiracy theory - but it does feel like someone has slapped in a huge buy order within a range (under 3.5) and there is a 1 for the market, one for the buyer going on from any sells to try and keep it liquid and disguise demand. If this is the case.....then who? Hopefully the next few days all will be revealed!
100% correct Rob
I just dont get how sales of small beer are knocking hundreds of 000's off the market cap! It would appear there is an effort from somewhere in the system to keep the bid low and keep the spread wide.
Mike Ashley won't be satisfied with his 28/29% holding. He'll be swallowing up as much as he can as can as cheaply as he can
Spread is narrowIng slowly
Yes it does, ticking back up now already. Obviously not many sellers as why would you sell if Mike Ashley is buying
Fingers crossed. The fun seems to happen from about 9am
Let’s see how we go today, hopefully a blue day like the last 4 days