RE: Last half hour of trade Friday.2 Sep 2023 10:07
'Valued below bust' lmao π€£ best ramping comment iv heard in my entire life lol as iv said many times, as soon as we hit 22s and 21s, traders were rubbing their hands thinking, pump and dump, new faces appeared to make their quick 5 -10%. What happen was funny, the background seller got good price for their shares which they were able to dump which left day traders confused lol...from a dream of making 5 to 10% profit, it continued to drift and probably saw losses for quick trade go from 5% to 10 to 15% down. Suddenly new faces disappeared and for each penny drop new flux of traders come and left disappointed. Whilst background seller chipped away at selling. Long term holders throughout the whole process, expected a bounce to happen from 22 to 21 to 20..but most definitely from 19 at new lows..every hope was dashed to realise paper loss has become substantial. Each day n week, new lows were tested and being tested. When shares were hovering around 23 to 24 or even 27...it took number of years to break 30....that 30 has become imv the new 20...and where shares hovered, is 17 16 15 or even 14s. For each penny drop is a huge potential paper loss...elimination from ftse 250, ico fine and investigation yet to be concluded, if debt begins to increase with nothing to sell off. Dividends continue to be delayed and making a loss, damage reputation alongside whether institution has confidence in the new ceo to turn this around when the best in the business couldn't makes for interesting watch in the coming weeks and months..I sense increase volatility in the markets in coming months gla...all in my opinion π