RE: Where has all the buyers gone?8 Jul 2021 14:54
Not that much in the way of sells today - just not that much buying either yet. Most of the trades up to 11:30 this morning were buys at 48p, miss-reported here on LSE, and which is apparent whenever you get quotes or make trades. There has been little volume so-far today and the update to the official bid and offer prices lags quite a lot making LSE miss-allocate between buys and sells. So far today buys have outweighed sells until just the last half hour and even now are not far from balancing sells but the price is down 2p. The bid dipped to 46p at or before 10:55 and has held that level since. Judging by the size of trades, unlike last time, there are no major sellers depressing the price currently, just sporadic small PI sells of a few thousand and over-reaction by the MMs. The MMS have been up to their usual games, walking the price down over the last couple of days and today due to the low volume, despite equal or more buys than sells the last two days, to encourage greater liquidity. It wouldn't take much of an increase in buying volume from here for the share price to shoot back up rapidly. Any of the awaited catalysts will achieve that.