RE: 17p - is that the bottom? Who knows.25 Aug 2023 08:26
Nic62, u advised people it doesn't matter where bottom is as ur expexting 30p in the long term. So seeing 15p shouldnt bother you. But support was broken last night and it could hit 15s I'm sorry to say. No one wants it too. But II selling seems accelerated to get better price for them to sell later at Lower price. All in my opinion of course .
True, also, they've been trusted to make money off it. .so cutting their losses I suppose, less painful for them but I guess they can make losses back elsewhere as they deal in big funds imho
Us PI make decision blindly, where as II have terminals and additional tools before making decision to buy or sell. So even if nofear bought thinking he got the best price and didn't expects teens. Then clearly II knows something far beyond what PIs know. Why would any II sell at a loss, II could be funds used from their clients etc etc imho
What has kept the share price as high as it were a month ago, II not selling back then, likely selling in the background to never buy again maybe? Will we ever see 20s again in the next 6 months ever imho
Lol even the cheapskates are not tempted to buy is the worry here...many never thought it will hit 19s and when it did, they thought it was a bargain and piled in...I remember someone bought 1.2million in shares just under 20 and nursing a loss around 20k within a week ouch! imho