Sell off, schmell off . . .6 Sep 2022 15:55
At 14.548hrs the dubious buy/sell stats on LSE showed the following:
# Trades 440
Vol. Sold 853,454
Sold Value £960,864.57
Vol. Bought 1,156,497
Bought Value £1,303,230.82
Buys exceed sells by 303,043 or around 30%.
There is no sell off.
Don't believe what FUD mongers tell you about people heading for the doors because of "concerns" and "unanswered questions" and " somehow possible, maybe, who knows what but there must be something" concoctions.
It is in some folks interests to control the price. They have the power to do it. They will do it as long as they are making money and the absence of a monster RNS permits them. We, the hapless PI's, just have to suck it up. But that does not mean we should fall for the fanciful, unqualified, change-with-the-wind "musings" of every Tom, Dick and Harry-trader and FUD monger that breezes through.
My only "regret" . . . I don't have any spare cash to scoop up even more shares at these historic bargain basement prices . . . all in my humble (though not too humble) opinion.