The Selling….27 Oct 2021 12:52
It’s crystal clear from the scale and nature of the sells (big round number chunks) that a very big holder is dumping for whatever reason. We know Steven Myers reduced in the Summer and I am guessing he is the culprit. Whatever, I would be surprised if we don’t get a TR1 soon. If the showed that the seller is out or nearly out, that would help. Sellers sell for all sorts of reasons and it does not, in my view at least , mean that there is anything wrong with the company. Happens all the time. Good companies get dragged down in terms of SP for an age by a persistent seller, only eventually to bounce back strongly when the selling inevitably stops. Big question that none of us knows the answer to is when!? While this is going on, I can’t blame anybody for selling the peaks and buying the dips. Unfortunately I did just the opposite and topped up on the trading update at a higher price when I clearly should have waited duh!