RE: Typical AIM stock27 Jun 2023 22:31
Take today's last trade.
If an individual pi or group has actually bought 265k shares (not a combined total of ii account holders), you can bet your bottom dollar that some, most or all will be dumped when this rises enough. To note that for every 1p this goes up, that purchase is worth £2,650. We haven't had much volume of late, so if by mid August good news comes (both miners mining or the met coal price has gone up) and the SP has gone up say 10p by then, you can bet your bottom dollar that that holding will be turned into profit. There has been some big money laid on stocks that have dropped that will probably rise in the near term. That's what I'm seeing. Big money laid to make a tidy sum on a big enough rise to make it worthwhile. Might even short it before they dump, knowing the SP is likely to drop on low volumes.
I don't have a big investment pot, but if I did, that is probably what I would do. There are some wealthy traders out there that just want more and more. Greed mate. The LSE has to get to grips with the fishy activity that has been going on across the board of late, otherwise the small pi's might be put off investing in the stock exchange for good.
That's my opinion and you might think that I'm talking rollox