RE: Now this is interesting19 Oct 2021 20:52
Hiya Nico/nici.....hope mrs and daughters ok and you of course, just spent ages going through Men's old posts to find the info you was asking about....
Copy/pasted below ....hope Mem doesn't mind
Share price movement and momentum01 May 2021 09:41
Good morning.
I have watched volumes, Buys and Sells vs SP movement for 3 weeks.
Keeping in mind that there is some ‘inaccuracy’ in reported Trades ie is it a Buy or Sell, so allow a +/- 30% to my figures below.
Basically my approx calculations are we can expect 1.18p price rise for every 680,000 shares purchased in excess of sells.
Allow for the =/-30% and we can see once good news arrives, for example, if the Buys exceed the sells by 2.72m shares (approx 1% of issued shares) we should achieve approx 4.7p price rise.
5.44m shares = 9.44p
as I have predicted, we will soon have a 10p rise in one days trading, a good RNS will see PRD share purchases vastly outstrip sells. (Approx 5.5m shares)
If you hold a nice chunky holding in PRD, say 500,000 shares, I anticipate a nice £50k increase, 1m shares = £100k and one or two people have 3m to 4m shares = £300k to £400k in one day. You may doubt my thoughts, lets wait and see.
Enjoy your long weekend.
End of copy paste....i should have noted the date it was posted but neglected to sorry..
Gla
Taff
Bdt