RE: Janus23 Mar 2021 20:25
Hi Crocqman...... while I take your points re Janus, for me, there’s a little bit more to it. Up to and including the last TR1 issued by JH it was clear to see a pattern of behaviour, with large Sell orders being fulfilled in the background throughout the day or into the next and often getting posted after hours. Such a large sell-off has clearly had an impact on the SP, in my opinion, over and above the normal activity and the all too often, gradual drift in an AIM stock where people lose patience, get bored or even nervous and seek to move on.
While there is nothing to be done about it, I feel it’s useful to at least attempt to understand cause and effect on the SP to assist with investment decisions! Knowing, or believing, that JH are continuing their selling pattern, Could be encouraging to investors wanting to purchase stock with the current SP being held back to a degree. Once JH (or whoever people think it is) reach their target, I firmly believe we will see a more determined and consistent rise in EQT than we’ve seen to date this year. Add in further news of corporate tieups, financial closures or new clients/MOU’s Will only intensify and increase the SP. further, had it not been for the continuing large background selling, I would not have been surprised to see the SP climb north of 2.50! When watching activity on Level 2, you get a feeling of an inconsistent behaviour by MM’s versus The trading activity being posted. This morning was a very clear example. So I try to get a handle on what is causing that.
As others on here have opined, my belief is that JH are aiming to complete their sell-off by, or before, 4th April (end of the 2020/21 tax year). Like all of our comments on this BB, I may be wrong but nevertheless no harm in continuing trying to assess and understand SP pressures and response to activities/RNS.
For my part, I am neither impatient, bored or nervous and will be holding on to EQT for some years I suspect. My weakness or shortcoming is I struggle to understand, when the price heads south, why so many people appear and post their concerns/worries and seeking reassurance and advice on what to do! As I mentioned before on here, surely if you’ve done your research and properly understand what you’re investing in and your goals, rather than taking a punt or jumping on the bandwagon where everyone else is but not really understanding why, there is no reason for concern as long as, and like I said at the beginning, you’re understanding cause and effect! Or at least trying to FWIW!
GLA
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