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That was a very sharp u turn in price
Was that not humble statement directed at me ?
if so you really are a cataclysmic c u nt you don’t even know me and it’s one of the first times I’ve posted here…
If it was not i will apologise for the above, but reading all of that through it seemed to be at me.
The spread would only be this wide if market makers did not want to get caught short so this way they cover their bases and also in turn make good money from people buying or selling.
The question is, as many people have pointed out, due to the dramatic rally in PoO, hurricane is hideous undervalued but when will they allow it to head north again, I believe the payment at the end of the month in the next few weeks will be key to what’s going to happen along with a future plan.
Like many others this is criminal for the market cap to currently be valued at less than 250mill, it’s crazy in fact, unless there is a major black swan issue around the corner than has been kept from investors by the previous board.. who’s knows I feel confident in my investment like many others I feel it’s just a matter of time
170000 shares at 3.6p, ngl I fancy a good return based on the facts… too much to ignore regarding oil price, tax credits, end of bond repayment etc this will head north in a very short space of time and the funds know it that’s why shorts have closed and they are now most likely long to ride it back up.
I’m calling 12-15p by March at least.
After seeing the announcement of consolidation I almost sold yesterday, but my word this has blown me away today, well done team they really have a thorough strategy in play, I for one certainly did not expect this rns!!
They are all delayed an hour behind the rest and also they are consistently large, either it’s a shareholder selling in to the rise or it what we discussed yesterday about hiding shares for a buyer…
Typically the large trades may a few things, a broker has turned to another broker/market maker needing the shares to satisfy a client and it’s been done off books and disguised as they do not want word out, this seems logical and happens a lot especially when you enter the realms of takeover, because there might not be enough there to trigger a tr1/takeover bid and if they buy them through the open market their aggressive buying will balloon the price and that’s not good for them, or alternatively it’s shorts closing their positions, either the share price is going one way, I called this for the last few months Incan certain we will be 15-25p by Xmas, appetite is increasing and volume is ticking up, as many people say on here Tyk tock lol
I think we are getting ready for another leg up, I reckon it will settle around 15-20p by Xmas day, the bottom of 3.1 reminds me of the bottom we reached of 1.5 before we went to 9p in a few months…
Could be completely wrong but that’s what makes all this guessing malarkey fun
The drop was engineering to generate entry points but now there is some serious appetite in this stock, confident to all of us as we now know where the bottom is, this will only go north over the coming 4-8 months, by end of Q1 2022 is my
Timeline for a review of where we are.
So much to come gents
Bought another 62k shares,
I can’t believe also that the amount of people who have rocked up here recently,
Of which i recognise there names from before and they came here to create a ruckus, are back and they have brought some croneys with them….
Hi krusty thanks for your reply, I see your perspective this was in no way shape or form a trigger to get people to sell, I was just stating my view on why I feel the share price is stalling currently and even when we reached the highs it struggled to have legs to go even higher.
All my own opinion of course and opinions are like A holes we all have one lol
Thank you to those that have shown an understanding in my post!
In all honesty if you don’t want to sell that’s probably wise it just means there will be more movement lower to get the necessary shares and over a longer period too instead of faster drops and quicker accumulation.
The best thing to do is probably switch off for 2-4 weeks check in again before Xmas and the price will most Likely of changed for the better.
I am basing it changing for the better on the considerable data we have that seems to highlight our product offering but also early results on our products in Covid. (I appreciate we are not a Covid angle)
Best big e
I make a currency market for corporate clients at western union. That’s my institution.
I don’t wish to take your shares on the cheap I’m just stating how this works.
I hold just under 250k worth of shares, which for me is a lot and I have my exit price of 43p as I will clear 75k after tax and I can then buy a house.
I hold myself with transparency on here. Which is a lot more than can be said for others.
I still don’t think you understood my post
Krusty. I’m stating how this works,
Not a personal attack.
I posted about this share a few months back maybe even a year ago about share price action and the fact we have so many private investors with large holdings.
The market needs these people to sell so we can lift the bid, in the eyes of the market maker (as someone that makes a market albeit currency) they do not want private investors to win. This drop is necessary to force some larger holders, some of whom might be posting other might never of posted, to sell part or all of the holding.
They cannot have this go to 15-30p in a short space of time as all of a sudden there is an abundance of millionaires on a share. Agree these things do happen but the game doesn’t work that way.
All necessary evils no matter how horrible it may sound.
If you want the price to move quickly there needs to be a healthy rotation of private investor share holders so in there eyes “everyone gets a piece” instead of the few holding the share to ransom. That’s my view as to why we have dropped like a stone, the delays are one thing but I believe this to be a huge underlying cause.
Once again just my view.
Best
BigE
P.s this is by no means me saying to large holders stop being selfish and sell lol that is not what I am saying
Once again getting caught up in the fluctuations, small amount traded and dropped aggressively, market makers paradise. Need a strong AGM or something to stop the rot,
On the other hand a lot of familiar pains in the arse have resurfaced so that should tell you something…