Agreed Pearl's. We dont know. But given the number of shares the creditors hold I think we can expect this to go on a little while. Certainly todays price action supports that.
Dont get me wrong, I see value here. I just see better value with less pain (in my plan paper losses are real) once they are done. After all, no one cares what the mcap is if you have a seller.
Why not just wait until they are done Pearl's? Tips stating great value but huge overhang of creditors intent on exiting ASAP is unlikely to do much for the tipsters credibility.
Only another 49 million or so to go then.
So down on slight increased volume. Doesnt sound good in the trading world.
But don't worry, it's not the SP that's important, it's the MCAP right? The question is how low the creditors are willing to sell this.
So where was all the institutional buying?
Perhaps rookie would like another discussion regarding the merits of SP vs market caps.
I expect more pain to be had on monday and we will be testing 340 on monday.
I should think still there. Hardly appropriate to assume all trades have been creditor sells, at best it could be half of these.
Absolutely right Jed which is why they spend all day watching the SP and looking at the SP chart. It's just they arent very good at it. Some of course know they arent very good at it, these ones claim to be 'investors' or LTHs.
Mick you are so funny, of course it is a mystery. Frankly I'm surprised your broker hasn't made another error and accidentally bought a position here for you once again. :-))))
Rookie, you confuse investing with trading. Invest based on mcap by all means but trade based on SP and volume.
Fact is tomorrow there will be one colossal gap. I would be more than a little surprised to see it hold £4.
If the market cap is relevant and not the SP then why dlnt we chart the market cap?
The SP is more important in the short to medium term.
Whilst we continue to fall here.
With that huge overhang looks like PI exhaustion.
Well it's a good day for breakout trading :-)
Here and everywhere.
Limits yes, stops no.
Anyone buying the breakout then?
Yep, the market doesnt give a hoot about us and especially not someone in particular. It is entirely down to those borrowed shares from JPM being shifted about.
It is more important than you think. MMs will chase stops relentlessly. You know this and is the reason you have been harping on about it for weeks.
Yes tc, they can.
Its a very rational worry SK, how does the old adage go?
'Never hold a stock consolidation'
Clearly you are new to investing in stock but dont worry you will learn the ropes eventually.
Most investors lose money I believe you said. Perhaps they should rethink their number one metric.
Raleigh asked a quite reasonable questio which you seem to have missed. How did you get to 173? And what makes you think it is relevant here?