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Director sold a shedfull which I guess is the overhang. But to whom? Doesn't some entity have to buy them?
There's been a bit of good news recently and hopefully the sp will creep back up to over £3.
A LTH and hoping for a takeover.
Not that I have any insight regarding such things, but it looks like the bots are trading back and forth at this level with no real driver either way. I wanted in at around 300 and missed that recently. The only way to get any at 300 is to buy at 320 if you get my drift.
Well I bought earlier thus setting of the retrace. sorry everyone.
Wonder if the price drops are an attempt to drive people out?
Must be undervalued at the moment.
It's perhaps inevitable that people will sell as we hit 60p to cash in on the latest spike.
Trying to decide whether to add while it's under 60p. That way it'll fall back to low 50s. 100% track record on that sort of thing.
Shorting is probably the way. I can imagine this at 70p or 80p. Just look back at the vitriol others received when they predicted low 190s. That was very recent. There is obvious debt on the balance sheet but there could be a major cover up on the real extent of the problems. There is a marked lack of market commentary, maybe because the major brokers are still setting daft targets of 230-250. They don't seem bothered about reputation.
Well I bought more yesterday hoping that it was just a temporary retrace as has occurred over time looking at the chart.