Peeps selling their 5% at higher and re booking it at 40p on the Open Offer to gain more shares means the MM had to drop the SP closer to 40p. Peeps don't lose nothing but gain more shares (not a lot in most cases)
When i said MMs will play games, this is one of them. After the dead line, we will see how this will react. Traders will also be loading expecting a raise after the deadline me think. I could be wrong.
RE: 14% today - its a great start to recovery1 Jul 2020 22:08
saint-tropez - as we dropped a bit too low, it gave a lot of traders/20%ers a chance to jump on and we saw them selling today. Each time we went up, some were selling but again, which held us back. That will clear. We'll freely go up very soon i think.
14% today - its a great start to recovery1 Jul 2020 21:33
As news gets closer, i would be happy to see a 10 - 20% raise every day. We can't expect 30-40% with no news so am happy with today. If we can do the same tomorrow, great but with gdr you never know. PEEL going of the ask is a huge sign placings shares are clearing.
wasarunner - A fantastic day for EUA holders. I think it may take a few months but who knows. If we get the expected decent return for our investment, no doubt quite a bit will be coming here. I'm waiting for a few stocks to come good in the next couple of weeks and will be loading up here. 1st day of Q3 and we're up 5.2%. I would love to get an opportunity to top up at low 3s but i doubt i will get that chance now.