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I dont understand why this is happening. to be honest. See Unilever are going on a cost cutting exercise...
The MM's are just filling the buy orders
Buy for 346,386 shares at 10:49:40 time settled for 13.245p
SP looking soon to be in the 12p range...
@RR, i may be wrong but i don't think he has felt the need for a damaging RI with his past 'turnarounds'
I don't see that on the radar myself, especially as his Chairmans wife has just bought 250,000 shares
@RR
Thanks for your input. Personally Im keeping my powder dry for that. Much will be dependant on the outcome of Adolfo's presentation imo. If that leads to a surge in price with a rights issue to finish the job and its plausible I would probably be buying in
13p looks to be the bottom, until they come round with the begging bowl halfway through the year. AH says he needs to launch a rights issue in order to complete his 'transformation' (sound familiar?). By that time, there's no confidence left in the company, the raise fails and it's game over.
An overly pessimistic scenario? Perhaps, but there's a lot to be pessimistic about here.
For the moment I think 13 p looks to be the bottom and I bought a few. No-one can see into the future though
Nofear
Most of us on here said 13 was never likely a couple months ago.
And here we are.
I wouldn't be surprised at 12, 11, who knows where these crooks will take it.
Imo many of us are sitting on several hundred thousand shares all at large losses, so it's probably much easier for these mms to try and instill fear and panic when the every point is several more thousands in the red.
It followed a downward pattern for at least a month in August before levelling out.
I would be interested to know if anyone can hazard a guess at to what the actual sum of the parts would be.
I get it Beachfeont that you want to trade only on your terms or nothing.
But you've got to be realistic and thinking the most unthinkable possibility of going below 13 and further down is where many have ended missing out as they waited on the sides. I get it that cpi has left many sitting on large paper losses, but the ones that will buy at these extreme low levels are probably not the ones that are stuck from higher up levels but new fleshly in traders seeing a quick way to may 5,10 and 15% return. So, even on that assumption, cpi will eventually its footing.
It wouldn't be logical after over 200 million trades pass through the MM's since the 4th March 2024 that a good 85 million were actually buyers now sitting with the cpi stock in their trading accounts.
Looks to be a daily pattern recently- opens lower, spikes up to attract a few buyers, before heading steadily down throughout the day.
I expect today will end even or red. MM's pushing gradually to mid 12's, awaiting a time to reverse. Too soon for Adolf to have any positive effect. Hopefully that will come 6 months, but meantime, I'm not rushing in, even at these prices. GLA
Almost 3 million trades with appearing to be 80% on the buy side if shown volume data is accurate.
No sleeping around today.
Good girl cpi😏
Been watching this for some time and have finally gone in today. Small position, but worth a punt I think at this point.
Correction:
*lightly should read likely
*raising should read rising
Sorry🙂
Plenty action coming through Savage_KeyboardR
I'm afraid the talks of 10 or 11 or 12p are just not going to happen unless you want to see Ceo AH hit the panic button and shout:
Get Me out of here😏
Anyhow, looking lightly that we should be moving upwards again and get back to where yesterday cpi was hoovering under the 14p tiny resistance.
The trading volumes are raising up faster than expected and ADVFN is showing buy volumes 1,473,705 and sell volumes 432,883.
There's also the possibility of hidden buy and sell trades that will not be showing on the ADVFN trades summary and will be shown after close of trading day.
So, good luck to everyone 👍
Just seen a trade for 455,814 at
8:27 gmt. ADVFN shows it as a buy settled at 13.4p
Observing the CPI turbulence from the outside currently and i'm pondering taking up a long position... what do people reckon on where the SP is headed short term? Looks to me as though the rot might stop around 12p and perhaps just beneath it? - I currently don't see this dipping below 10p...