RE: See what happens at 0800. might be news. (not sure i'd want to be holding overnight, though)26 Oct 2023 18:09
If it's not suspended first thing, which it wont be, then it'll bounce hard imho.
The markets are a perfect storm atm for massive overselling of stocks with problems and it's not a case of the glass is half empty, it's the glass is totally empty and smashed to pieces. This gives fertile ground for the derampers/shorters who are loving it and it's creating massively oversold stocks. Funds become forced sellers as the price drops on account of their metrics and this exacerbates the problem . In a bear market everything is set to 'panic'. But when the dust settles and panic sellers are cleared, the buyers step in for the bargains and the shorts poo their pants, leading to huge bounces.
This is clearly oversold. Yes things are not great, but to this extent?? Always makes me laugh when turbo-derampers start deramping when it's already down 80%, as though the sp isn't already reflecting the bad news. Likelihood is there will be a deal that sees shareholders receive more than 0.3p a share and traders will know this, they know this is oversold, so they will be buying and the herd will step in when it turns blue. This could easily double from here and still be down 63% from yesterday, just think about that.
MM's were in a right mess today. The number of times they locked retail buying tells you all you need to know.
Aimho.