Blue - an uneducated guess - but there were a lot of PIs holding SNG and rakign up serious % gains on Manic Monday, so a few PIs selling off might be the reason...
I just hope This Cohen fella doesn't read MF articles, or he's going to panic-sell his 5% stake!
For a thousandth time, buy/sell is just a system guess based on transaction price vs ask/bid at the time of publishing. So any late reported trade might be incorrectly classified. Also, anything that happens during a volatile period.
Steady - they are most likely buys, as they are above ask at the time when they were actioned. I mean, markets are corrupt and you never know, but how the feck do you sell £1m worth of stock above ASK?
PS All I care about is that there's been several £m of stock taken off the impatient PIs into the fat cats' pockets. If the big guys think ~2.00 is a bargain, I'm happy to keep my holding here for the time being.
Once TR1s start flowing, folks will start losing their sh.t and SP will rocket. I am guessing that a cheeky call to your fund manager mate might be on the cards if you want to start accumulating. Even if you promise them a 5% cut for facilitating such an exchange, it will work out a lot cheaper for you than notifying the market of your stake.
It's becoming a pattern, a good pattern, may I add. SP gets pushed down in the morning to fill yet another big buy. We are moving in the right direction.
I managed to get in at about 0.6 last time but I can't imagine I'll be as lucky this time. Might as well start buying in. The AIX market was clearly optimistic about ALTN's ability to ramp up volume and the higher gold price makes it a very attractive punt.