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Wasn’t boris in Brussels today?
There are reports that today's oil-related news has affected risk appetite in general - which might have been perceived by the market as making the SM bonds more difficult to sell. I'm not saying it's a logical reaction, but it may offer an explanation.
should get back towards 11p tomorrow
RUSirius, welcome back. You are seen here only on special occasions.
By Christmas
Look at the price before planning permission , it was on the drop, the price jumped over 50%.
Nobody has a clue where we are going on the daily, but if the ST2 funding is sorted in the next couple weeks we will be a lot higher than today
Busy today? almost 500 messages. Hope it does will be good for the UK and hope investors multi-bag.
By Friday
Of course, there is that too, but I'm trying to keep it pertinent to recent events, rather than ancient history.
I remember a clown quoting that sxx would suspend trading at 730 am last wednesday!
what happened to him?.clearly the desparados are out in full force with the lengths they will stoop,but if thats thiere occupation then so be it.but would rather be a loan shark on a deprived council estate than to stoop that low. Hope they burn .
So Boris was in Yorkshire today discussing the northern powerhouse. Sxx must have been discussed. Maybe the government bond guarantees does hold some weight.
The SP was tootling along nicely (even gaining) to around 11.22p, when at 12:05 there was a sell for £61,080.80, which seemed to be the starting gun for the sell-off. A couple more largish sells came within the next few minutes and then it fell for about the next 1hr 15min to 9.75p. After a slow recovery to 10.63p at 14:03, it fell away again to the 10p close.
Very odd and inexplicable, but isn't that the market for you? The SP is now back to where it was on 23 Aug.
Some people are eternal optimists. Optimism is good but blind optimism maybe not so much.
The business case remains the same and , as someone once said...
God help the man who comes to doubt what he knows is true.’
(Jim Glickenhause 07 December 2018).
I refer myself to this quote on days like this.
OR
Ha! Good man
You are clearly glass half full sort of chap. Just go easy on the positive spin. You were nearly the first person I ever filtered for ramping today!!!
Maybe some of the shortest just getting out?
I agree with you barna, it's not like there has been a big sell off is there, I expect the sp to recover tomorrow and the rest of this week to somewhere in the teens, just my opinion, everyone DYOR and all that.
I think we can be pretty sure that todays events were not orchestrated by anyone otherwise the SP would have gone much lower. In the past I have seen scams where the SP has dropped over 30% in similar circumstances.
https://www.businessinsider.com/paysafe-shares-collapse-december-12-short-seller-report-2016-12?r=US&IR=T
Steadygoes, most certainly not champagne as haven't be able to splurge on luxury's such as that for the past 6 years as have put every available penny in here so no champagne at this point in time, one day in the next 10 trading days? quite possibly!
10% down
Oh well at least there are champagne corks popping at the Jonesrichard house tonight
The volumes difference is not that much 2m today this should not make the sp 0.10 so why is it this low ?
I also believe if there is a leek and bad news the sold volumes would be more like 100m word soon gets around
Self-fulfilling prophecy refers to the socio-psychological phenomenon of someone "predicting" or expecting something, and this “prediction” or expectation comes true simply because one believes it will, and their resulting behaviour's align to fulfil those beliefs. (Panic selling drops sp - sp dropping creates panic selling )
of Trades
2,256
Vol Sold
28,111,315
Vol Bought
26,091,851
OK Rosewall but are you saying that's good or bad.
A leak - must be bad to send sp down.
But bots to attack sp suggests you think the sp was manipulated down.
What youve posted is contradictory
No storm here :0)
I'm just sitting in a quiet bay, in my rubber dingy, awaiting the news which will appear at any time between now and month end. At which point either a gull will fly down and feed me a fish or the dingy will start spinning and I'll disappear into a whirlpool. Either way, when the mine, MTS & port facility get completed, I'll be able to say I was a part of it and be happy :0)
I have no doubt that there has been a leak. Someone set the bots to attack the sp and to hoover up all the stop losses. Look how many automated transactions there are both sales and purchases
Ploy? Nah, people just do get nervous when there's ambiguity and human brains are programmed to think in a binary way for decision-making, opinions, etc, so they inevitably end up with a more extreme view if they just sit there stewing over forums and not actually taking a good range of information in about a situation.
I think the unusual tight trading range over the last week has been a ploy and all part of it to create this tension. It is widely known that there are plenty of nervous individuals that understand this is largely binary and will take as a signal a sudden move in any direction, especially a sudden drop.
Market Makers need buying and selling action to make money so you are not telling me that they don’t prey on people’s fears and set traps to capitalise on this. All imho