RE: Is 5p going to go?19 Jul 2024 16:54
Goody, some trade, others are holding long term.
Take Recalibrate for instance, he so happened to ‘top up’ for 100k the day we got lots of buys - proceeded to ramp for his life and sold with 10% gains the same day. Not so subtly deramping since for a cheaper entry.
Fair play to the traders, let them trade away. If they can make a few quid, good on them.
Us LTH’s await the green light, i’m glad the price has broken range even if it is on the unwanted down side - hopefully it draws a reaction out the BOD and they pull their finger out.
5p has had pressure put on it all week (compare that to dropping bid at 6p on 1 or 2 sells), it’s clear the mm’s didn’t want to let it drop and in all likelihood will bring it back first chance they get.
Whoever’s loading up has paid more than 5p to build his holding, he won’t be all too pleased either i imagine.
Enjoy the weather! GLA