A treeshake is when mms push a price down. this isn't a tree shake.15 Jun 2023 19:35
This is people selling from having bought around 4p deciding that the rise has ended, for now and deciding that 100% profit isn't a back deal which, even at 8p, is 100%.
bit of a shocker for those who thought that the sp would just permanently rise until it was £1 and then let everyone get off and, if it hadn't happened you'd be justified in thinking so.
but, the fact that it has means that they weren't interested in waiting for sales news. also means that starting sales isn't enough to keep the sp steady.
daresay there'll be some buying tomorrow but have to also look out for further sells as it just might be the case that 80 or 70 or 50% profit is sufficent, if they see the sp stalling.
name of the game, i guess, and you'll only know, for a fact, that the bottom is in when the sp turns.
annoying as fudge to give profits back to the market but that's the game!
gla.