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Hello Pokerchips I am not sure they have to much of an impact as algos work on both sides of the book the buy and sell .
Plus they keep the instrument liquid but the market is so fickle. I think when the market makers have had their fill they will bring it back up hopefully sooner than later!
I just can’t see it going much lower - the drop is absolutely nuts! Holding firm even at 25 percent down.
Just remortgaged, thinking of getting in. but will wait got the best bottom possible. Its huge amount, so i need to be very sure
I bought a few on Friday at 237p but dumped them this morning at 234p...it is another share being attacked by the ALGO traders ..will watch and wait...
Lot´s of small ALGO trade sells to attack the Bid down
Good question Zidane. We will have to wait and see what its at at the end of the day . Its totally overdone now, particularly as things in reality are not that bad. I guess the MMs are trying to squeeze the very last few diehards out of the market. Its dropped to far for even the shorters to be interested
Just hanging on in now
Haha this is becoming bonkers now. The sector is tanking - no way it justifies this drop even with the potential new rules coming into place!
"Looks like it's cratered to a record low -where is the support now?"
At this rate, you'll be copying and pasting that a few times :( - don't know if I should dump and go or buy more and keep optimistic.
Looks like it's cratered to a record low -where is the support now?
Hopefully it’s bottomed out now. What a week!
It might touch 230 today morning before it turns up in the afternoon IMO.
Finally the bottom has taken place back on the journey upwards....
The thing with Deliveroo is that a lot of people don't want to be employed. Some are happy to do is ad hoc for a few extra pounds. It can be ideal for students who are fit and happy for a bit extra cash. Also some older people who just want to get out and about and earn some extra on top of their pensions . I've spoke to a few couriers, they don't want to be employed and tied down to a contract.
They like to feel useful and enjoy the social side of being around people and a bit extra money in their pocket.
If my memory serves me right didn't we have all this with Uber driers some time ago...
The do good-ers think they are helping and protecting people and in some cases they are however others are more than happy to be left to their own devices and do their own thing in this so called gig economy
While sector has took a battering. Will recover to 270ish by end of next week.
I took a few at 237p ..seems a bit of a strong knockdown ahead of what is usually good trading period
EU Labour stuff will take a while to be reviewed etc
MM’s mopping up here today. Happy fridays!
having been in situations like this before, I agree with you that the trend is south, at least until the there is news that arrests the development.
Spokesman for Deliveroo said
Amazon could take them out with some spare change. Can but hope
Not sure a takeover bid would be successful unless Will Shu agrees. He owns just over 100 million class B shares which have 20x voting rights, this effectively gives him control. https://www.standard.co.uk/business/deliveroo-will-shu-adam-miller-share-sale-vesting-tax-ipo-lock-up-b969560.html
The current volatility is affecting most of the delivery type shares (Just Eat, Delivery Hero etc) I have 16,000 ROO shares and I'm on a paper loss of around 15% at the moment, but I'm sitting on my hands and not looking at selling, there should be a profit next year
Can see deliveroo subject to a takeover offer very very soon if this continues.
Yepp I got out in time! above 300p.
It’s safe to dump this now as owner himself has no confidence on this or trade with strict stoploss. Short to medium term it will only head towards southward.
Typical price action for deliveroo this!
You sound like you're clutching at straws throwing random price targets out there!
Great opportunity back to 300 by close of the week...