Member Info for DestituteBroker

Amazing that these sales are going through considering that no one has ever bought at this level. Can only be shorts. Re the 40p broker target, is this genuine or just place there to try to hold the stock up, while the Pro’s short it down ?

Looks to me like the mm’s & otc brokers are still trying to work the stock, walking it down etc & trying to provoke sells to fill their shorts. Unfortunately I missed the 6.6 bargain offer today. Looking forward to the market relief rally in the coming weeks !.

Only down 0.29%, shorters must be struggling to cover, due to the lack of sales.

Since 1998 & up until June 2013 all purchases were above 40p. In 2014 this fell into a new trading range of around 23p. Most recent sells must mostly be shorts because experienced traders would not sell at this price & take a 75% / 50% loss. Markets are well overdue for a correction & Pro’s knowing this would not sell at 7p. At some point this year the long term holders will support their positions & we should see a good recovery.

400 million rand = £21m

Time for all of those that have shorted the stock down from 20p to close their positions or face a squeeze.

Games continue, sp will probably drift down until early afternoon on Friday, then bounce 40%, if the payment is received.

Market cap + £21m / shares in issue = 9.17p. Which is + 28% from today’s price.

Shorters & sellers drive the price down to an over sold position, then HFTs using algo’s bounce the stock. Look at Afren up 100% yesterday. It’s nothing to do with fundamentals, platinum price or the Co. That’s a distraction, the only logic is short term Pro’s playing with the sp & taking money off each other & of cause PI’s.

Any thoughts on why the broker has given this target ? Presumably at least, year end. This has been the lowest figure, looking at a 17 year chart & if some of the original long term holders are still holding, this may be the reason. My guess is that this latest exercise has been for all concerned to average down. Question is, what’s the ‘Fair Value’ for this stock & is the present price massively over sold ?

Is the 200 day moving average. A rise up to that over the next few weeks would be brill. Results out end of July, so plenty of time.

Appears to have put in a double bottom, recently falling to $1088.00 & now $1114.00. AQP end of financial year, June 30th.

Agreed, with the Directors purchase this should now be sitting at 9p, excluding the general market drop. My gripe is that the Pro’s sell off for such minute profits & don’t let stocks rise. The only way to over come this is large buying until their holdings are exhausted.

I hope a Director doesn’t buy another 1 million shares or it might drop another 4.09%. Usual games in the casino.

This opened up 2.8 % at bid 8.8 / offer 8.98 due to a pre market buy & was the flag for the hft short term players that bought late on Monday to profit take at about 5%. Hope this doesn’t drop much more or they will be back in to scalp another day.

End of financial year 30th of June & Q4 results due July 28th. It’s usual practice to take a stock down a Month or so prior to achieve bargain prices. Interesting that this was sold down to 8.14 at end of day after the Directors purchase. Taking stops out & testing support ?

As UK inflation heads towards minus figures, talktalk increases it’s basic package subscription by £2.54 per Month, worried about eps ? Hope this doesn’t increase client churn.

My understanding is that the offer is around 41p. My personal view is that it is highly unlikely that it will be accepted. An offer in pounds, maybe but that’s also unlikely.

Expensive if the deals off & the HFT short term players decide to dump the stock

Pending an announcement