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Whoever is behind this reversal of the SP targeting 9.29p, to get a one bar reversal, thinks they are being a big swinging d*** and telling the market how they are 'in control'.
However, without news, this is such an unlikely event that their arrogance is going to get them in trouble.
This sticks out like a sore thumb, so if you are sick of the manipulation, use this form to contact the FCA and complain.
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
If a load of people do so, then this can be stopped and the perps given a punch in the mouth.
Or, if you read this, I suggest you back off now. Don't try for a 2 bar reversal tomorrow on no news, either.
If bad news is announced, you are deep in it for insider trading, anyway, based on today's ridiculous trading.
Funny how the SP plunging 14% seem to have silenced Champion and HfH!!
So much for this week being a game changer with an rns expected for asset sale at £1.4B, 56p per share.
Not sure we will hear from them after today!
Eloro, lets save any observations until once we have seen the after hour buys go through...
My guess is that there is a wave of monster buys which need to get executed and how else can you fill them - by dumping the SP to scare the little guys into selling (and not to mention hitting all those automatic stop losses).
Lots of bs being played at the moment.
I'm going to check out until next week - the key facts are that we have ESIA + IPA + funding news imminent
Reported for what it's worth ! Not holding my breath as its been going on for awhile but I can't prove it....
GLA
Let's hope that you are right BBG. Perhaps MM should raise the SP to flush out profit takers rather than tripping stop loss. We are so far down I can't imagine anyone selling except for traders who bought at 5p+.
See the 4x 229,592 between 10.36p - 10.46p
They are sitting there as a dootstop so that the MM's can mop up whatever shares they can get right now.
Those fake sells will be removed once the MM's have loaded up and then they will let the SP run again.
Its inevitable
It's time for bed. Not sure I will nod of.
I keep seeing bbg in a dark room sobbing.
Well that's me done with the board.
I think even blind freddy now knows who to not listen to.
Yep. Whoever is playing right now is in the coal face. No one would risk being short / out without knowing when the next news is about to drop.
Eloro you'd know the reason you haven't heard fron me if you had read mu last post that stated "I am going to refrain from posting until there's tangible news' as for the other person you referenced I refer you to a previous post:
RE: CE30 Mar 2024 09:18
Eloro have to say I'm more than a little suspicious of this Champion fellow as well. Treat with extreme caution in my opinion..
Sorry HfH, I didn't see that post which referenced.
Hopefully, it's a slight retrace and that we will see a next leg up this week.
I would think the sell off is largely due to the individuals who loaded up last Thursday realising the individual who promised news today was lying. I think news is coming but in my opinion nothing has changed from my previous comment:
RE: 10.36128 Mar 2024 16:33
Good luck mate. I'm all in as well but contrary to what others post don't expect an RNS tonight. Think it'll take them a little while to sort.
HfH, precisely. A lot of speculative buyers have appeared recently and frankly if they've made 60% who can blame them for pocketing their profits?
As long as the TCLs aren’t playing up again or other Ecuadorean BS, this will Correct itself.
So, subsequent price action, someone took their foot off the accelerator, slammed on the brake, but couldn't resist and drove the price back down.
Now back below the 9.29 one bar reversal number which will call the One Bar Reversal, a technically strong, but very extreme, event.
It will attract attention and is being monitored.
The hubris of the people doing this is funny.
It's almost as if someone has been channeling Kipling
' Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew,
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four—
And the Gods of the Copybook Headings limped up to explain it once more.
As it will be in the future, it was at the birth of Man—
There are only four things certain since Social Progress began:—
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire; '
And the fourth thing is that the ' Gods of the Copybook Headings ' are watching you.
Still 2 minutes to go... thanks for your patience and understanding
"I would think the sell off is largely due to the individuals who loaded up last Thursday realising the individual who promised news today was lying."
I reckon that twunt champion select (who has since disappeared from these boards along with all their messages) was part of a ramping crew who probably read the momentum and future direction well enough to know that if they all stuck down c.200k buys and ramped hard enough, then the excitement/gold fever on this board would do the rest - which it did. They got their 20% and promised "big news by the end of this week" etc etc and that helped them achieve their goal.
I suspect the drop today was absolutely related to CS (or is it BS?) and their mates all pulling their holdings out at around the daily 200MA mark and then momentum did the rest. Note also now we have others here with a low post count suddenly de-ramping . Wouldn't be surprised if it's the same person/crew now shorting the price.
Can't fault them for their technical analysis and playing it, and it makes no difference to my holding/views in the medium term here for SOLG. Let the players play, (stats prove they never win) and hold tight for the real big %'s when this Mather load blows (urgh)! CS and their mates will have wished they weren't out of this share then LOL.
The surprising thing about his posts was the number of recommendations they got. People are desperate to hear positive news, no matter what the provenance and that makes it easier for someone like him to be taken seriously. Unless the source of information is the company scepticism should be the default position at the moment.
I don’t buy the P&D theory. Volume is too pitiful
This site is read and used by about 50 people
We couldn’t collectively cause a 10% spike in a company worth £300m
I don't think anyone took him seriously. Most would have ignored him.
The drop today was a combination of the following ... end of..
1. Start of a new trading Quarter (and the rise was the end of the Q)
2. A bucket load of traders or investors looking to sell SOLG on a T-2 and then move £20k cash funds into ISA ready to buy them back on April 6th
3. Technicals... TA indicated overbought and RSI was 80+ so pullback more likely than a RSI testing 90's on no news.
4. Some profit taking after a a decent run up from low 6's was inevitable.
Those that sold today to move into ISA will be sweating it a bit as they have to wait until Monday before they can buy again.
In my experience.. the mm's always seem to mark it up on April 6th and if you look back historically... the price tends to do very well in that week. Perhaps Bob and co are aware of this and looking to put them fundinh question to bed and rise the ISA wave back to the 14p/15p level. Coud do with some sideways action for rest of the week and let the RSI cool off before another run up. But like I said... MM's always make it a dicey time for ISA traders. Those that went for the bed and breakfast or 30 days rule.. selling on March 6th will be spitting bullets on the recent rise and cheering on the recent pullback lol!
Good luck to them ... always a gamble ISA season and makes you wonder whether the 20% or 40% potential saving is really worth the hassle and risk.
Not to urinate on your French fries drake, the MMs have been nowhere near the action on this stock for about three years. They’re providing EMS nowhere near the touch and off book activity as and when
They are literally nowhere near the influence here. If you can’t see that and have level2 I am happy to educate you
So how do you account for the recommendations and enthusiastic responses? Difficult though it is to believe, there were plenty of people who were taken in.
Addicknt there was no other noise on social media or other forums with an audience that could anything like influence the share price
How many on here bought or sold Thursday? I didn’t
You’re a bright guy, there is foul play but it’s not instigated by an LSE login
1984 is correct. SOLG is SETS stock. It's DMA order book trading with orders registered anonymously
'84, that's not my point. I was referring to earlier comments in which people are now questioning the blokes mysterious appearance and rapid disappearance, whereas hitherto they were lapping it up.
Last week I suggested he may be a bit dodgy and received a virtual shrug of the shoulders and one or two remonstrations that I was being a grinch.