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Most stocks on my monitor have doubled or even trebled Over the last couple of weeks, lock down ending is in sight and an interesting article in the DM yesterday on turnover for SMEs it isn’t the horror story people would have you believe.
Can’t see any good news due, probably only day traders sucked people again. It will go back to mid 50 again imo.
Don't mind me - I'm just peeved that I did not buy any under 60p.
Well L2 seems ok last buy was at 62.6 main point is no more 10k sells so buying will tick this up.
I hope not. LSE currently showing 3 times more buys than sells.
If you smell any gas call for help.
Still a lot of selling - probably back to 50p all too soon.
Distressed seller was dumping shares which in turn dragged the SP down over the course of the last few weeks. Seller now appears to have cleared the decks and we are seeing a re-rate. Still a long way to go but today's movement shows how quickly the SP moves on reasonably small volume.
Why the move up?
MM need our shares now. weak PI mostly gone now
nasty little MMs the 61.84 are buys
Looks like distressed seller out and I am in expect this to be above a £1 in quick time we got more pounds in the bank thank mile ap no brainier here for a bagger
Feel free to read the previous RNS. The business is in great shape with cash in the bank to weather the storm . Not to mention that businesses have not just stopped operating, most still require energy supply (and most are paying a standard daily fee for their supply).
Yeah right on lockdown with most business shut
Its entirely possible we could be in for big re-rate. Looking back at the charts the last few big single day increases have seen gains of 30% plus. As I pointed out on here the other day, back in January most were talking about £3, £4, £5 target prices. including a number of holders with shares originally purchased as high as £8.
break out ? if the seller has finished this could rally very hard indeed
I did a couple of mock buys this morning for 1 share to get the spread , but if I wanted to buy more than 500 went to NT
Things have to pick up from here. I’ve been trying to buy all morning but AJ Bell not filling my order, anyone else having the same problem?
A good indication that the seller has run out of stock and MM's need to lift the bid to attract new sellers. Although I cant imagine they will attract many sellers at this level.
MM's if you are watching -> I will let you have a small amount of my shares at £3.00 each :)
Due a sharp rise should have been trading at £1 plus
53.5p to sell 54.5 to buy, not seen a spread that close on YU for a long time
I think you are right, when the mist lifts after the lockdown there will be a lot of carnage and cash is always king. Thanks for your replies and good luck.
horse
think ourselves lucky as no debt and 17M in cash. when we ride out the storm huge opportunities will open up in the sector as a lot of companies who do not have the cash cushion will fold.
In a normal market £1 is a bargain. Unfortunately we had a seller or two willing to offload at any price which with limited shares in the market made it easier to drop. Fortunately it works both ways and any sniff of buying volume will create a sharp upward move.
Gov update later today on social distancing rules may also do us a favour as we may get some information on when businesses will be back to normal trading.
Very concerning. I bought some of these at £1 a few months back thinking they were a bargain.