RE: Why is anyone selling here? 🙈2 Aug 2025 18:55
To my knowledge (happy to be corrected), If they buy too much too soon, they will spike the price higher. The volume of shares they want are just not available on the open market at the moment. They need to work their buys, wait for price dips and tree shakes. Just the same as a big seller trying to offload, if they dump too much, they crash the price.
FWIW - As I understand it we're in a bit of a psychological battle at this price. Some traders/investors who've been holding since previous ATHs might take the decision to exit around this price having held the bag for a long time, significantly under water. If we close above previous ATHs we're off to the races and price discovery kicks in.
I know some traders who bought this at 6p, held always the way through past previous ATHs and all the way back down to 4/5p, picked up more shares and have been slicing profits on the ride back up starting at 26p. They sold more into the latest price rise on friday. I believe more because they're happy with their profit and other 5/6 bagger beckon. All part of the ride I guess.