RE: Beware the traders - lowest of the low4 Nov 2024 20:40
If chat boards like this are making you scare out of your share you deserve to sell the spike down in your fear. These are like mind infestations similar to the £42 bot that caused a 15% drop on no volume.
I do trade this and I never for once thought that whatever I post should make a substantial difference in the price. I agree it is very low indeed to behave this way but I don’t think any of these are traders or should have any impact. If it has then it is a massive weakness in the company’s fundamentals. An investor should not have fear in their investment because some keyboard warrior is spamming a board and asking newbie questions 30 times and they disappear. And a retail investors decision should not cause the price to substantially drop either.
I follow a simple rule, I follow Institutional money. I sold my chunk when LO sold 2 years ago. But today the price is under the LO sell at a 52% discount compared to their already 25% loss. I cut some on the weekly failure 2 weeks ago at rejection and bought some back today. Seeing a volume pattern just today as I remember 60/40 split in II/retail and 80% II volume was buying, while 90% of retail volume selling. Will fully buyback at a reversal sign when it happens or when clear volume pattern arrives.
I say how I see it, and mostly post as it happens. So don’t blame traders as these are not traders, these are clowns here thinking they make a difference with BS. And if anyone believes them they were weak holders, have no confidence in their investment and should not be part of any rise either.
However it is accelerating down at a risk and it is still just a falling knife the way it closed even today. So if this is not supported by more II buys I am ready to plan an exit at the next opportunity.
I believe this is a major low and fully played into retail fear. But the communication the company delivered is scaring the retail out and the substantial acceleration in the SP down, not the bot talks. I mean seeing your investment tanking is real fear, and it was news driven. You shouldn’t care about clowns talking.
I mean listen to this ColdFishPie clown who is here being a clown for a decade saying Lombard buying, like it is a bad thing.
This and the others are not traders and certainly didn’t cause any drop in the price.
The price had to give lower for this stock to get attractive for an II to start buying. That is the underlying issue, this is what prevented a rise for 2 years. Zero II buying because it wasn’t cheap enough. Selling volume is exhausting but buying needs to come. If it is cheap enough, this week.