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To think this was 379 last Wednesday.
This shares is still struggling to move upward, tempted to add some more but some thing says wait
@JG: I've also contacted the company again. I'm also getting sick of the blatant manipulation here.
Vol Sold 81,811
Vol Bought 130,702
If these are correct can any one in the know say why we have dropped so much today
Decided set a sell at 370 and hope we get there soon and then out for good,,thats about 12% down from yesterday afternoon
I'm going to keep emailing IR and the LSE every couple of hours until they at least respond.
Exactly the same, no sells, no news, from being in an definite uptrend.
You are right - it''s becoming a joke of a share. Too manipulated for most people. I'm getting a bit sick of it myself.
It's not being hammered on nothing - there are significant shorts open. They do this repeatedly. Hammering it, then letting it rise. It's a definite strategy they have. Ideally, they want longs to disappear so they can hammer it down much lower and make a fortune. That's the pathetic game...
This is becoming a joke now, from being in a definite short term uptrend to being hammered on nothing.
I second your anger JG68 this year has not been easy to make a profit, especially for me after a good 2020 and when you see how volatile some of these stocks have been,including NETW it makes you wonder why bother just stick with the big banks,oils ect,I wished i did.Will be interesting if you get a reply why the reasoning of such volitility form investor relations.Im sure this share will come good but might have to wait our time
CT
It's infuriating that these leeches can get away with it.
My hope here is that despite increasing yesterday, they have driven the price down to close given the trading update which I felt was good.
I did copy in investor relations also, and the also sent it to the newsroom at the stock exchange, but don't expect a response.
Really I was venting my anger
@JG68: I have bad news for you.
I have reported very obvious, glaring instances of insider market abuse and trading to the FCA and I have never got a response. It's unlikely that you will ever get a response. The UK markets are now *full* of manipulation. A lot of US traders refer to the London markets as 'Londonistan'. It's accelerated since the publication of Flash Crash. I estimate that there are more gangs involved in manipulating stocks in the UK than in trafficking herion - because it's much, much easier and the authorities almost never catch anybody. Seriously, I tried to follow up with the FCA and I had to spend time explaining what short-selling was. They had no idea at all. I've never worked out what is going on with NETW, but it's more complicated than the other cases I've seen and has almost zero chance of catching anybody.
I sent an email to investor relations and the London stock exchange, see below.
To whom it may concern
I am writing because I find the share price activity from 4 pm today until post close extremely suspicious.
The company released results today which were fairly positive, the market reacted fairly consistently all day given the volume, the share price seem to trade either side of 370 all day until the last 30 minutes.
Then on very little volume, looking at the sells between 4 and 4.30 a large amount were in the hundreds, the share price dropped from 367 to a post close price of 351.
In the absence of news and sell volumes, how is this possible ?
Given how this share is highly shorted, I would like to know if it was these hedge funds placing large sell orders to drive the price down, without them being fulfilled thus cancelled prior to execution
I cannot see any logical reason why there should be such a large swing on no volume, and it makes you wonder how little investors stand any chance with their investments.
I look forward to hearing back.
Taken down 5% from 4 o clock, how, why, so annoyed this kind of corruption can happen.
Corrupt b------s, unbelievable.
Had a feeling they were going to drag the price back down, Maybe tomorrow will be better
Yeah I got multiple disasters going on at the moment, mainly CINE and AO.
need 368,but hoping for some profit to cover a disaster with BOO 400 will do nicely, will hold out for now
Increased revenue improved forecasts I thought it was a decent trading update, we will see what occurs at 2.30 and then open tomorrow.
JCB
You're break even is 370 you said, if you're thinking of baling, sometimes this share can open at a riduliculous high first thing, it's very strange, sometimes it opens 6-7% up and then falls back quickly, so a sell limit could bag you a lot more.
I've got 1 set for part of my holding for 405, If it holds this sort of level today it could easily open at that tomorrow imo.
5% shorted not helping,but your right I thought this would be a lot higher after trading update,it keeps trying.Any thing can happen with this share
This should be bouncing big time, definitely being held back.
Let's hope - I've not seen many fun & games in NETW for a while. This dog is due its day!
Could be a decent trading update tomorrow, if it is this could hit 400 tomorrow.
Seems to open really high each day, 374 today, strange action.