RE: IDE4 Sep 2019 14:06
Imo no, bid doesn't drop below 6p. Sellers are done, those banking profit will be long gone, day traders buying on a spike and selling at a loss like they always seem to do have been flushed out.
We’ve had some really chunky buys recently, so one can assume even more of these are in stickier hands. Given approx 2-5% is available with over 90% owned by institutions when the mm’s finish up filling orders (which i believe they now have) and buyers return, not only will this move fast but it will race past previous highs with more of the shares in stickier hands.
On a side note, news can lands any moment and when it does.....you’d rather be in than out, put it that way.