Those who sold at 12p this morning will be regretting that. Cielo102 posted this on Thursday and I think 20p is within reach now. "MBO is positively mentioned at 4min 43 sec"" https://www.youtube.com/watch?v=1l2PI3DIwN0
Indeed they are, the real buy price has gone from 14.4p to 14.0p, the real sell is 12.715 up to 30k. A actual spread of around 9%, not too bad on a low volume stock, the MMs were obviously holding too many shares and needed to even things up.
I have said before this isn't a day trading stock (other than when it goes totally mental on news). When I bought in June I paid 5p and the sell was 3.5p "ouch" a larger real world percentage gap than today. Someone bought 200k+ at 8.5p two weeks ago both those prices are now looking just fine. I guess it depends how long you are prepared to hold (though two weeks doesn't seem bad) and where you see this stock going.
Yes it does seem as if the MMs have made a decision to open the bid and ask today for whatever reason. On a positive note the usual morning dip never materialised so I am hopeful for a positive afternoon.
Really weird, looks like someone bought then sold 6 mins later dropping £112 in the process? 17-Aug-20 15:51:07 12.165 10,116 Sell* 12.00 14.00 1,231 O 17-Aug-20 15:44:44 13.274 10,116 Buy* 12.00 14.00 1,343 O
LSE and the other sites use an algorithm to guess what is a buy and sell and sometimes it gets its knickers in a twist so there was a good mix of buys and sells this morning. Slightly down so far but that has been a regular pattern over the last two weeks, down early then normally bounces back.
Hi Mikey, been there on lots of shares and not a great feeling. You could have sold for 15.5p last week and got out with a small loss if you really need to get out. If you insist on making a profit then it will require patience but I believe you will get there. One thing I do know is that ****ging off the stocks I am invested in doesn't work very well. If you have something material to say about MBO by all means share.
I commented on 4th Aug "Someone grabbed 200k plus shares for mid 8s, that will be great business over the coming months in my opinion". If that was the 200k sold this morning that is 4.5p profit per share in 10 days, I could cope with that. I think 20p is not an outrageous target personally, maybe higher based on the results.
HI Nenny, look at the charts, if you put your money here a year ago you are 800% up. Most of the volatility is down to the small number of shares available and some day traders who piled in when the MoneyGram news hit. This stock has been undervalued for a long time and things are finally correcting themselves. It sounds like you are trying to talk yourself out of investing. Its not a day trading stock, its a long term winner.
Hi Oil_Beast, this also ignores the possibility of any new partnership announcements which given there have been two in the last month are clearly in the BoD's ambitions