Member Info for ipadtrader

Hopefully we have now seen the bottom having touched 1.28 twice in a few days and bounced off it, it seems pretty clear to me and I’m sure many others that the way the SP collapsed so quickly in the 2 days before the placing RNS from 1.78 to 1.38 ’somebody in the know’ was forward selling in the knowledge that they could pay them back with the placing shares……insider dealing I here you cry, no that's illegal so it must have been a coincidence.

Obviously some of the selling down since will also be private investors who managed to get some placing shares and are selling some or all of there current holding knowing just like the ‘professionals’ who are also due placing shares that they can replace their holding with issued shares and why not good luck to them.

I'm hoping at least that for the short term Insti investors that had intended to sell straight away have mostly done so and when the first admission shares become available tomorrow we won’t be retracing back to to the mid 1.20’s……..but then who knows bearing in mind that generally thats what tends to happen.

yep unfortunately it looks like its drifting/being walked down back to 1.25

I would say so, disappointing really when you think SP has lost 35% since June 1st.......on what ....nothing.

Yes I agree and have said the same for several weeks, a bit annoying really because I bought some more @1.03 thinking that it would hold the £ mark , I was thinking the overhang would have been cleared by this week but obviously not so I guess a bit more patience required.

Yes a bit erratic for me as well

Oh yes

Fortunately the idiot seems to have moved on because he's starting all his nonsense over on the CARD board now... but for those that are missing him here's one of this mornings posts.

..."i am buying fella....:) so far 25K bought - about to add another batch. :) never though we'dd get this kinda of opp....looking at the facts."

Mmmm sound familiar

That made me laugh Timster

I think we are going to see day traders in and out of this share for a while taking quick profits until it settles down because nobody at the moment is going to trust any rise as the one that means the worm has turned

So as I suggested the 'massive buys' over the last couple of days were in fact massive sells and in my opinion some were forward sells to be bought back with the placing shares and some were from the original 18p placing the owners of those being well aware of what was coming......pretty disappointed really.

Timster As you know I said at 8.05 I was worried that it might drop to 1.25 and here we are, I'm no thinking that that maybe the Boo hoo boys have taken their profit

yes I'm starting to think there is something serious behind this now.........there definitely looks like there is a dump going on

I think the problem we have now is because on the way down there have been many 'little' up's and false dawns nobody actually believes or trusts where the bottom now is

Colonel-in-Chief Ramper gone ?

all this 'MM's collecting shares' 'its a manufactured drop they know whats coming' 'huge buys being masked as sells' The market makers do collect shares sometimes and can even hold small naked short positions but they don't just endlessly collect shares day after day no matter how far the share drops 'because they know whats coming' .

The reason the SP is dropping so fast is the same reason it rose, Sentiment......which is what drives most shares on AIM, I'm sure there are some bigger investors that invested early and are taking profits but most people see the their get rich quick paper profits from a rapid rise disappearing before their eyes as the SP drops it just becomes heard mentality as people decide to grab what they can . I said this morning it was going back to 1.25 and I based in on the fact that there is still nothing concrete to base a rise on and people get impatient very quickly, if the news arrives that we are hoping for they will all be back now probably with less funds and will rise back to £2 for starters but this time stay there because it will be held up by concrete news

Every stock that has any sort of link to covid is getting hammered today

Or maybe they weren't massive buys and they were massive sells......the same thing was said the day before, when they are delayed its impossible to know either way or whether they are a bundle of buys or sells but the reality is we are down nearly 8% again and the maths just doesn't work if its been caused by massive buys

Timster I really hope it doesn't but its based on the fact that we lost 10% in 4 minutes on the first fall...... it took most of the day yesterday to fall 10%

back to 1.25 in no time :(

Thats quite a chunky drop today........one things for sure we don't want to see a repeat tomorrow