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the poor sod who sold 50k sub 60p must have read ocean's posts.
In the spirit of DBNO:
TED is off to the moooon
MMs finally letting this one go
There's no stopping this one now
Last chance to get in at that prices
Let us see if it is sustained before getting too excited.
a little resistance at 66p. may see a wee retrace then hopefully push on higher to 70p ish. base camp for today.
Well, that was short lived.
It was great though
early days. fat lady hasn't started to sing yet.
i wonder if a big fat order is getting filled today.
come on TED really didn't think you will drop this low
volume 1.1m so far today. thats above yesterday's 1m or so.
I reckon that the same % of shares are being traded over and over again, passed from one speculator/trader to another...each one thinking they are buying the low, only to quick sell and hand them on to the next trier...who finds out they are onto a loser too, so hands them on to the next one...each taking a loss before handing them on....
I would imagine algorithms are being set up with small sells to keep the direction too...
Retail "fears" are a big sentiment factor too, of course
Fair point but really? Millions being shifted in that manner? A market is built on that exact principal, but accept that volume is high at the moment because of mountains of selling
"I reckon that the same % of shares are being traded over and over again, passed from one speculator/trader to another...each one thinking they are buying the low, only to quick sell and hand them on to the next trier...who finds out they are onto a loser too, so hands them on to the next one...each taking a loss before handing them on....
I would imagine algorithms are being set up with small sells to keep the direction too...
Retail "fears" are a big sentiment factor too, of course"
Interesting thesis - could lead to a kind of death spiral - in someways this what's happening now. The news would need to be good - i.e., a vaccine or clear evidence of a V shaped recovery. Neither of which appear to be on the horizon.
Pokerchips i reckon we have broken this sharp downtrend. it started from 158p! so a whole £1 drop.
AGM on a week today.
" Pokerchips i reckon we have broken this sharp downtrend"
no real evidence of that ..IMO ... problem is ..is that at these levels you can get 15% on just a few pennies in the SP..which is what the traders are looking for...as long as they are on the right side of the seesaw ....a game..many are looking to gain from the turn..but no one is going to present the turnaround price on a plate as a gift ..you gotta sweat for it ...lol
another push up. come on TED army. BIG push now!!
i think high 70s is possible today. i'm not joking.
@downbutnotout, why do you think that the high 70s are possible today?
If you mean “It’ll bounce sometime” then I agree with you but anyone can say that - no one knows when it’ll bounce, or to what level. Saying that the answer to both is “today” and “high 70s” comes across wishful thinking.
The next question is whether the bounce will be part of the general trend down or the start of a reversal.
“...comes across as wishful thinking”.
still a few weak lingering to shake off. some big sells at 64p. so rise unlikely to happen today. i'd be happy with 71p close though.
its based on TA. but we need to get a good kick up. ideally get to 69p. then wooosh higher.
Cloudy don't mind him he's the resident cheer leader , nothing to take seriously
SP put in a bullish move today. its trading higher now than in the morning.
slowly slowly catchy monkey. 34,700 buy at 64.4p just spotted. nice.