RE: SP18 Feb 2025 07:24
Morning all.
I was deep under last week, but managed to 'average down with a purchase while they were briefly going for 1.75 on Friday. I also bought some more yesterday at 2.7.
Interestingly (OK, not that intrestingly), there was a time yesterday when the bid was higher than the offer. I sold 150,000 and a minute later, bought 150,122 with the sell proceeds. I tried, straight away, to repeat the process, but the bid dropped. 122 shares might be only worth three quid - but that's enough for a pint in Weatherspoons !
Not sure where this is going today - and I'm not sure the charts are much use when trying to decide where such a volatile share is heading. I'm not even sure what the sentiment here is. I would imagine many people holding are 'underwater'. Whether (like me) such holders are tempted to 'average down' or thing "once bitter...", who knows.
Here's hoping for futher recovery/consolidation. GL all who hold.