RE: Deckchairs rearranged6 Sep 2023 22:33
I think the SP is where it is largely as many have stated, due background seller. With many days of high volume days, such as today, with around 16m shares traded, assuming 'marathon' was the major seller, with 12m shares, we would probably have churn through most on volume...usually, once selling is done, u expect a huge bounce as breaks would come off. Today just felt, it bounced from the lows freely rather than buys being swallowed up in background sells..so from the TU, the price dropped from 26 -27 to around 22p....what drove it to 16 has to be a seller who wants to be out...we know schoder is prompt with Tr1 and early indication highlights, they're still holding onto their holdings keeping the price upwards . We know MW haven't upped their short at present and last time short was increased was around 22p otherwise they'd have gone in big with short if they so queues of background sellers...so there's abit of hope that that there hasn't been much increase in short imhk