RE: A heads up on how undervalued we are1 Dec 2024 22:08
What I don't understand is why someone with say 1p average wouldn't be double treble quadruple their holdings right now.
By doing that you lower your average. 1p to 0.75p or 0.5p or whatever depending on how much you buy.
It's a lot easier to break even and into profit then
If nothing else and charts don't matter and news is irrelevant and everything else. The one telltale that doesn't lie is... VOLUME
Look at the volume from news day to end of the week. It is off the charts. Literally.
That means bottom is in and practically the entire float of the company has been shifted around in a few sessions. Over 10 billion shares traded.
Take out those shares held tight and you're left with multiples of free float traded in a few sessions.
Without a placing to bail out shorts then they're backs to the wall right now and desperate for the share to dip.
New TR-1 holder didn't help their cause.
Anyone else buying makes it harder and harder until the pressure is too much and the tide turns.
And then watch this move. It'll rocket.
100-200-300-400-1000% in a day.
Those who have been around a few years will remember that used to happen. Once a year even. But it used to suddenly happen.
At Β£2m mcap and over 4bn shares short... Ooof this could be one heck of a ride.
Large seller out last week
He's done being helpful to shorts. Might be one more who can help them hold it low for a bit but with recent volume they'll be fresh out of ammo very soon.
Strap in. Buy the shiiit out of every dip into 20s and sit tight. I promise you this is gonna fly hard soon.
GLA
DYOR
Holding very large here and ready to add more as we go.