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regardless of UT, they were gathering stock to sell at huge profit at 27 to the new buyers.
They cant have buys at just below 27p then open at 21 on Monday morning can they.
As this I’m very new to all this (started whilst on furlough in April) I have very mixed feelings today. I am glad for my friends that have stayed in GGP and made a profit but I am also a bit gutted as I pulled out a 100% profit @9.2p, albeit a small one as it was all new to me back then.
I just hope that this share pays off in the way I believe it will but for the life of me I really can’t get my head around the GGP SP and subsequent market cap. Anyone have any idea how to shake the feeing of gilt for missing out on a substantial paper profit?
Sorry if it’s brought the mood of the BB down but needed to get it off my chest.
ATB
Miagi, the after hours? Because it's the UT price.
You will have had two of more market makers\brokers gathering shares under order for a days, they then fill the order\ orders.
In the after hours auction they dispose of them to the client\s. Both sides does need to be booked though. This was pre arranged though, if somebody came along at random and tried to buy 120m shares in the auction it would just remain unfilled
Think about it. The pre arranged was a given, if the market makers thought they could sell shares after hours for real at 27p or Monday at 27p then why sell them at 16.28 for 21-22p?
They arnt stupid and not a charity.
Iceberg, how come it was at 27p then?
Relax a bit. It wasn’t a normal UT but it was still a UT. It was pre arranged. The after hours trades are part of the market makers Declaring transfers in the book to cover the UT. All transfers have to be booked!
Fair play to you Earthling for having the guts to hold through today's drop. And if it turns out to motor on up on Monday, it'll be a wonder to behold, and you and all other holders will have earnt it. I wish all GGP holders who are polite and respectful well.
You guys have not seen the trades, not talking about the UT
Earthling, I read what he wrote: "Majority holding still Solg but come Monday maybe the majority will be in GGP."
121m shares, ish, were bought at 27p
Take a look
He’s still holding here too, read what he wrote
It’s not just the UT
Check the trades out
Big buys at 26.95 on the close
Wow Qalibashi - got to say I'm amazed. Haven't you been holding a large amount of SOLG for quite a while?
I think that was a brave move Q,
I’m happy to be in both
I bought 300,000 GGP some yesterday balance today ave 24.1
Sold Solg to cover the purchases.
Saw it drop 11% then a 121millionUT at 27p
Could not believe it -never in 29 years of trading have I witnessed this.
Ggp now level with Solg.
Amazing .
Majority holding still Solg but come Monday maybe the majority will be in GGP.
Can’t believe the rise is only because NCM are drilling.
Sorry if off topic.
Thanks for that explanation.
Have a good weekend everyone. Ned
at risk of opening a can of worms...it's not.. It was an uncrossing trade. It doesn't mean the share price will suddenly be 27p on monday ...
If it's the culmination of the shares that were needed then a lot of newbie buying will be needed...
The uncrossing will be shares that have been gathered over x days to fill pre arranged orders plus an x margin. It shows the past not the future of the share price.
I watched the auctions, if we have a lot of unfilled bids then it can be good but the figure was high because all the bids were filled.
Maybe another example.
A high end auction sells a 1967 Ferrari you have two bidders who desperately want it. so they push the price up to 2m, then the auctioneer comes along and says "oh look we found another one, let's auction that..." Now you might attract somebody else who wants it or you might just have the remaining bidder. ..if it's just the remaining bidder then it won't fetch anything close to 2m.
Monday will be interesting over there but there is a lot off false info going about....
Ned, if you are on about GGP, it's a rather large uncrossing trade.
Apparently because gdxj placed a small order.
I bought some yesterday. Difficult to believe especially after the drop.
Apologies as this is off topic but never seen anything like it. Ned
did you catch watch happened over there on the close?
From 11% dow then a 33m buy at 27p! up 12%
Never seen that in my years of trading, if its correct?
Be careful Rcgl2 or you'll get called nasty and be put out in the garbage. Some people are pathetic really - smiling when the sun shines but the minute their wallet starts taking a hit their true character comes out and they start attacking people.
Ha very funny Frog. I dare say I shan't even notice being in Jerry's bin!
M365
Yes, you're absolutely correct. I am experienced in this game, experienced in losing more than I make.
enuff from me
Not invested in GGP and barely know anything about it other than the basic facts of the Haveiron project, but since it keeps getting so much airtime here, I thought I'd have a quick look on the GGP board for the first time... Did not fill me with comfort reading some of those posts... very frothy, people piling in left right and centre with their thoughts on how it would definitely go to 50p, 80p, £1 etc. Expectations of a near constant flow of better than expected results pretty much forever. Personally I think the GDXJ addition has got people overly lathered up, if it's telegraphed that far in advance then of course everyone will load up in expectation and then there will be disappointment afterwards. Also the general tone is pretty much only positive, today's hefty drop is being mostly touted as a buying opportunity, MMs playing games and deliberately manipulating the price or just a healthy shake out.
Of course they may all be correct, what do I know, but I expect the ones who have done their homework and know their stuff got in at single pennies or less and anyone reading the board now and piling in may be in for a surprise. Just my feeling but when something becomes so frothy everyone gets a bit blinkered and it only goes up... until suddenly it doesn't.
Solg board actually gives me much more confidence that this is still undervalued and lots of potential. We shouldn't shout down negative opinions on here, it's very healthy to hear them and factor them into our thinking so we keep assessing our position here. I'd much rather hear reasoned positive and negative views with the positives winning on balance than just rabid frothing at the mouth about how high the price will go.
Well done Frog for jumping on them :)
Its finished now Frog as he is in the bin. Sorry to bother the rest but sometimes people need to be outed for what they are.