RE: Who is selling at this price??4 Oct 2022 09:22
I told the BB a couple of weeks ago the SP would come under pressure as Pello/Jarvis were closing hundreds of accounts, Ben was originally Pello’s deal, however, a FCA suspension meant they couldn’t bring it to market, so was handed to another broker.
This however didn’t stop their brokers recommending it to their clients who bought in heavily, right now the leveraged trades are being worked out on a pro rata basis, amongst the distressed leveraged clients, you saw them after close of trading yesterday, there were several over previous sessions, the good news is I believe it’s about done!
I have been a buyer sub 30, as it’s an artificial price created by Jarvis, who have caused a disorderly market in Ben stock, take advantage now imh.