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Just bought 753 shares and it’s showing as a sell instead of buy? Fishy ...
They will drop us to 60 to 65 shortly amazing when days of buys. Its basic psychology.
I am hopeful We are going to bounce very hard soon, something is happening around 65p and I am sure we are close to whatever is happening concludes
Both here and on twitter I have read a few things that could possibly be going on:
1. Shorts closing
2. Someone buying in chunks to build a large holding (Has to be done slowly given the low number of shares in circulation)
3. Steady sell off of a large holder (Potentially one of the II's but I doubt it given the SP could have easily dropped further if they were distressed and selling in volume)
4. MM's are absorbing a volume of shares knowing they can move them on at potentially a 100%+ premium in a weeks time (given the are aware that news will be significant and positive)
5. The drip of sells as a result of Covid19 has allowed a steady slide down to he current level which means we may have to wait a little longer to see a steady climb back to a more reasonable level.
One thing is for sure: There are not many businesses on AIM that have more cash in the bank than the MCap (That should be a good enough indication that YU from this level is a safe bet)
"No trade plans options available" so I can't put in an order to buy below 64.75p (but not going to NT).
It is not just YU - No trade plan options available tried three other stocks on Iweb
On share centre I am getting offered:
64.75 to buy
61.60 to sell
couldn't resist
anyone siting around on this is going to wish they bought there ticket sooner
Can't buy below 68p - missed opportunity!
any decent amount looking at 71p plus it going to climb now on every buy shorts I think now closed MMS looking to go long now so put stops on your shares as I still believe no shares out there.
Another worked buy at 65p 30k no less.
This is going to break one way or the other in a big way shortly once this 65p worked amount is finished.
Where they going to get the share from to work this 30k buy ? you would have to be mad to sell at this level , that 19 k looks like a short closing fun going to start here tomorrow
70k buy 1.8k sold and no rise MMs have no morals, If it wasn't bad with what going on now, we have there tricks to put up with? any way follow the money could be the first multi bagger its got every chance. suggest LTH get in touch with nomad as whats been going down here needs investigating .
I have been back through the trades shown on the London Stock exchanges website and have no idea where they are getting shares from if those two final trades are in fact buys. 3 days running there has been either 20k or 30k shares traded in the last 2 minutes of the day. On all three days there was not enough selling for the MM's to have the shares available to move on.
Perhaps one of the more experienced board members will be able to provide an explanation as I am baffled.
My theory,
When around 80-85p a large sell order was placed and offered 68p by a MM.
The markets are slowly collapsing the longer this COVID 19 continues.
The MM has a buyer but they will only pay 65p.
So the MM is selling at a loss currently as he cannot her enough stock after dropping the sell price to 61.5p he is picking some up but not enough.
Once the 65p buy is complete my theory is there will be a sharp rally as an obvious stock in balance but this will not happen until the deal is done at 65p.
By my calls we have had over 150k of. It’s the last 3 days alone. So we are close IMHO The 150k has been chewed through, so the question is how manny does the buyer at 65p want ?
There is no other explanation as NMs is 1000 and you would not be able to sell 20 and 30k stack at mid price.
All I know sparky this was heavily shorted August September to the tune of 800k plus and the price didn't bring out that many to cover the shorts and what was clear after the January RNS whitch was great news the share was ramping away MMS were losing control and was again shorted to bring the recovery to an end and Pi' s became nervous .most of the shares are held by LTH and free float if any is small even at this price the pi's are not selling so where do we go from here ? That why we need the nomad to have a look at what's going on, the figures just don't add up unless Bobby is helping the market by borrowing his shares to pull them out the quick sand We will no the answer to that one come next RNS If it's as half hearted as the last one then the MMS have got bobbies ear by the looks of things I hope not . All imho but been here from the very beginning of the drop from £ 13 and some of the trades have been , let's say confusing appreciate your take.
So how do you know there was a 800K short ? if so who loaned the stock because someone has to other wise it is called a naked short which is illegal.
Its not a matter of stock availability in the market its the fact someone has to loan the stock, normally for a fee and a defined time period. The shorter then has to buy it back in the open market and return to the lender. Looks to me someone is definitely working something at 65p
In cases like this you get a huge snap back as the market corrects itself as the shorter starts his buy back.
800K is a high percentage to load out so how do you know nearly 5% of the company was loaned out ? very dangerous on a semi illiquid stock like YU both downside and upside.
But as you say no volume being sold under 65p and the only large trade was the 150K sell at 68p.
If this all linked then expect fireworks very soon, but something doesn't add up and why 65p
if it is the shorter buying back at 65p where is the stock coming from as YU has not been at this level for over a year.
If Pi's really got stuck in now and started buying heavily this could multiples in day as total chaos would ensue.
It would be incredible to watch
I wood say that time has been and gone, 75k just yesterday and never move a % and then theirs all them end of day late buys over the last 4 months it could only be MM. Even with business set to be a success they have priced yu. less than they would get for the client book and kept the 13mil. it seems there is more than one type of virus out there killing us. On any other market other than AIM this company is worth minimum 56mil fair value going on the information thats been provided by RNS. imho of coarse GLA
IT will bounce back
by late tomorrow I fully expect this to be 90p plus
Three trades totalling 3129 shares have pushed up the price 6% - keep going.
Just bought 10k shares and 4K shares, let’s see how much that pushes price
Its done something as the MMs are not asking for 75p for 5 grands worth.