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Something peculiar is happening today with the SP and the MMs.
The buys are mediocre in size compared to last week, yet the SP is now up 10%. The big sells (over 10k) are not really doing much to bring the SP down.
In addition to that, this morning the SP was up on many other companies but with 0 trade and 0 volume. Look at Nilfisk Holding (0RUZ) for example. SP up 6.57% on nothing.
Br.amer.inv.tst (BAF) up 11.11% on 1 trade?!
Something just doesn't sit right with me, not specific to HE1, just that the MMs are up to something.
I feel there may be an immediate rise, followed by a downward trend. But no one really knows, we all speculate.
And at 10:02 there were comments that could also be seen as negative.
I did make a comment at 08:45 that i didn't believe that there was an incoming bounce and that i sold out ASAP after the opening bell. Granted, that can be read as a deramp, but I don't believe i've been making deramping comments "all morning" though, happy to be corrected.
DiscoDog, what SP do you need to sell?
You've been ramping all morning in what has been a sell out. Did you get caught out this morning?
Every time you've posted, the SP drops. It was 4% down before you posted at 09:57, now it's down 6.46%
Not having a dig, just curious to your driving factor to ramp. There's no momentum.
See that bag he's carrying, full of money, to get things going over there :)
CrustyPete sorry to hear that, i was smashing away on my phone and laptop to get a sell price. NT, NT, NT and seeing the SP drop was a squeaky butt time moment.
Without doubt this will head north Codefred, you're absolutely correct, that's why i want to get back in. But at a lower price :)
I don't believe there will be a bounce time now.
Traders are just going to be making quick profits (espically if they have the leverage) whilst the SP slowly drops. We've all seen it in the past.
There's nothing there to support the SP anymore as the RNS is out.
Although the RNS wasn't bad, it didn't really mention anything that would push the SP up and sustain it.
I sold out this morning, i'm just going to sit on the side and wait for this to drop. Buy in will be circa 1.10.
If something does pop up between now and then, well done to the holders, but this morning was an opportunity for me to make money and to get out.
The last two hours have been all over the place. Not the easiest of days to try and trade.
NT to buy and sell, again.
I did the same CP, was able to but a few at 1.35, slowly rising again now. Hopefully we get back to opening price. But spot on!
Big buys are coming back in, we bottomed out.
Turn around time? Big buy just come in
Bloody hell, it's in free fall!!
Yep, seems to be moving again now. I wonder what that was all about? Will probably see late trade in the day. But it seems to be moving back towards a 1.65 ask.
I'm on HL and seeing the same. Not even for a small amount.
It all seems to have just stopped. Trades have gone quiet, NT to buy or sell?
That's a shame, i was hoping for a good day today, after what we saw over the last few days.
What a wonderful end to a very busy day :) Tomorrow's start is looking up.