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So 200k seller still about, 3 small pi's who bought yesterday have done exactly what I said and take a loss to go and make a loss somewhere else. Good to see the smart and larger money is buying still.
I'm not angry at them, their money, but they are still idiots. Some 20+ people bought and sold for a loss yesterday, pretending they all held and not bailed out the mm's this would be 3p now simply really. Today in stocks with good news exactly the same will happen. What a trader does not realise is buying something with a huge spread then selling for a big loss a hour later to trade something else means it's almost 99% certain they will go bankrupt because the next stock they play will also have a 10% spread, every stock now has a huge spread, they will be instantly 300-700 down the moment they buy, they need a huge % rise to make a tiny profit and they have no patience to see it get there so they sell again for another loss rinse and repeat where as you are better off buying and holding for as long as it takes. Better still stop trading and go down the casino if they want fast money...black or red is a better bet than trying to beat a Aim market maker in a hour with a 10-20% spread
Even after trading for almost 30 years I still find it hard to comprehend this current markets of daytrading and in particular people buying into a good stock then selling for a huge losses the same day. Whatever happened to the art of holding and making huge profits. People really are selling £20 notes for £5 here. I think the 15000 and 10000 though might be the seller in a RNS a while back, a stale seller who wants out regardless, see if a holding RNS lands, whoever that was selling 15k at 82.5p the buyers at 85p were grateful. We should never see those prices again this year unless more people lose patience tomorrow. 200p is my target and that is a modest valuation of around £4 million.
Ah I wondered who was selling this, newgrange and earlofshame 2 people who's version of long term is to hold a stock 2 days which they never can do. I bought quite a few today and I can hold as long as it takes. The delayed 75k was one of my buys.
Kat.
Just because I vent my frustrations at day traders buying and selling for a loss does not mean I'm all stressed out at the keypad. I will hold regardless. I just do not understand why so many people buy and sell for a loss within a few hours day after day. I started this game with £300 and have took out over half a million pounds and if I adopted the same strategy as these people I'd have quickly ran out of money. For me it's mental, if everybody held a stock everybody would make more money. I did not every massive trade was a buy though. Smart and big money buys while the traders sell.
I think it can do a reverse of the 10p to 2p and back to 10p again if they keep announcing more decent orders or regular orders time will tell
Well it certainly generated some fresh interest. I wonder what valuation they would have it was in the US. Crazy it's not managed to poke it's head about £2 million on this update. Would anybody launch a bid for this ?
Another idiot 210802 paid 2.37p earlier just sold for 2.18p, this market is saturated with day trading berks/idiots who seem to enjoy losing money.
I'm going offline now so my whinging is over until later :-))...I added 500k in total today and was fortunate to get some at 1.675p last week too
I think all major sellers are out. The 200k seller got some out at open and there has been ample times to drop more this morning but only a couple showed up. The mm's have been fed by all the day traders buying in and selling out again.
You can sell 200k at 2.18p right now so if they had more they could sell it now.
It will get back to 4p again and probably push on. I cannot see how their products will not sell worldwide. Do you paint your children bedroom door with ordinary paint or fireproof paint it's not a hard choice and when the products are more known about and easily available orders will jump imo
PS..this presentation...probably a waste of time imo, it's not like the old days where there would be a flood of interest. So the house broker will say buy and set a high target like they all do but who actually listens these days. Saw one on another stock of mine, they said buy 27p target, it never got over 12p and still is below that
Agree, if you told me last night today update from Sal and Zed's £2.4 mil order would land this morning I would have thought I'd be a lot richer, instead I'm barely up a few k. That person who was selling last year might be selling the last of it today, they know results day is their best chance to offload some size and get a higher price for it.
247750 paid 2.4p and sold for 2.17p this morning, that is a idiot. All the others are idiots. If you all hold the mm's remain short the price increases further and before you know it's 3p+. Today news is substantial but not for a day trading idiot who sells for a loss if the price has not moved in 1-2 hours...the more that get wiped out the better
Yeah I forgot it was 1.5p offer recently. But selling on that news today for me is absolutely bonkers, selling at 3-5p range today on that news I get but it's barely moved.
I'm more targeting the idiots that have bought and sold this morning for huge losses because they are idiot day trader, every one that goes bankrupt is a celebration for me...market needs to clear them all out
So when all the traders were selling out a hour ago somebody bought 536k at 2.422p delayed one hour easy money for the mm.
I've seen some stupid selling in my time but today in this one wow...day traders really are the idiots of the stock market
If they are letting people buy at 85p when it was 98p offer earlier then somebody has sold or there is a order in.
Crazy markets, rubbish flies and anything doing well goes nowhere