RE: Big punters14 Mar 2025 14:03
I do feel we had/have a couple of larger holders offloading stock. I say had as there are some signs that they may have taken notice of the buying pressure that is still there and decided to give it a rest for a bit as well.
With the surges of buying coming in, can almost imagine new players coming in, as they firstly are told about this stock, then move funds around to the best vehicle, say an isa, then purchase the req holding.
We have seen some signs of profit taking which is healthy with any stock, its normal and good to actually see more sells as we rise up through the 23p-28p region. This slower progress is because we havn't been this high since end Oct 2023, so more folks may have set this exit price target from the last 18 months as opposed to those who left at around 18p target point but held only since end of last year.
We always see a dip after the spike like has just happened, as swing and momentum traders and possible investors which swing both ways take a part exit. The time after the dip also gives those that intend to leave in the 24-28p price range time to put orders in.
As the buying pressure is still there we are now rising again, and the second time will be normally easier than the first to regain the previous high. Time will most certainly tell.