RE: Forward selling shares - Education25 Oct 2020 21:07
Just looking at the facts and what we seen last week in terms of trading:
Trading volumes from the 21st till 23rd Friday I have that as a total of 4,332,380,016
This gives an average ruffly of 1,444,130,005 daily.
A lot of talk now circulating about the forward selling and shares in sticky hands.
I’m guessing if LTH and new PIs continued to top up next week this makes the squeeze more interesting and can only propel the SP North.
Expecting volume to continue as interest, sentiment and positivity returns.
Wednesday the market will be informed by the company surely if the shares have went privately to a company or investor/s.
I stick by my opinion and the MM reaction thus far and say that the placing shares have been forward sold and the MM have an inclination the stock isn’t coming.
Why else didn’t we tank, we actually dropped 21st on RNS (-24%) and recovered (-6%) and have seen the SP blue 2/3 trading days last week (22nd +6% & 23rd +7%)
Looks like 5th of November might be coming early and we will see a great deal of fireworks.
Hopefully for share holders new and old our time has finally come and this is the point we start to see true value, this company imo is totally undervalued it’s time we unlocked the true potential - GLA