RE: LA LA LAND2 Jul 2019 10:20
Yanis,
"E_AL, such a bounce would be possible if manipulation was not present."
*I think the aim of this manipulation was to get the sp to where it is right now... Placing in April of £3M @4.15p, offloaded to the market straight away, SP collapsed , buying again at this levels to double or triple the profit for both placees and shorters and an opportunity for The City mates and people in the know to buy back in at heavily discounted to an already discounted sp ....
We don’t have a normal situation here, IMO shorting is still happening and no chart analysis or normal rule of thump applies.
Angus was oversold two days after the placing, but it kept sinking further.
*It finished blue yesterday (1.75%) and bounced back up 25% from the low.
Now Bollinger band is overstretched to the breaking point but the SP is still miles away below it.
*another indicator flashing 'opportunity' to new entries.
What might happen here, due to the continued shorting, the SP might stay at this level until the technicals catch up.
*Its the rock bottom imo & on Charts unless Angus come up with new 5hit RNS which I highly doubt after Brockham's disaster . Lucan voluntarily asked for the investor s conference call so he must have something positive to say about Brockham (sell news maybe) or anything else.
Again, not being optimistic but realistic ... I am deep in loss and regret the moment I heard about Angus and bought my position in this 5hitty company