Ramping should must not be taken as anything but opinionated. Luckily BOO has a balance of top posters whom help to keep the SP exactly where it is.
So in the context of keeping a balanced view on this board - Why are you here if you think the SP won't go UP, doodle? And for those pebbles that like rolling downstream - Beware of the tide, BOO is certainly flowing upward.
Pipedreamer - I was just looking in to why the SP would drop by a few pence in the day. Agree, calcs are momentary when looking minute by minute. It was interesting to see the SP chase a volume build up on the BUY side of the OB. It didn't appear to replicate on the SELL side. SP being mainly influenced by one organisation. I will look again at the end of the week to see if I can see the same patterns. The one month trend is looking good. Just ignore the other periods for now.
From today's study I see the following: Trade ID starting with 59009 - broker appears to do most of the trading on BOO & mainly controls the SP. This afternoon dropped the SP to 64.0p for BUYS on the OB of 105K then was responsible for the increase in SP to 66p where it fell back to 64.64p. I initially thought 68p maybe the target looking at the OB but SP usually swings on a 1.5 to 2p movement. Tomorrow looks like 63.8p to 65.8p price range. Always open to wild swings but a dip at the end of the day.
Watching the clock entries & volumes is critical to knowing whats in play. Any pause can result in a SP drop to pick up any sellers but it looks like it would only be worth doing for +40K Lots of players but all turn in similar patterns. This morning I had the impression 50% wanted UP & 50% wanted down. Result SP hung at 66p SP turns to collect large orders on the OB.
SP is chasing the big numbers on the OB. Having just gone to 64.0p to collect, we now go to 67.***p to sell, then look for the next one on the menu. Dining at BOO where there's no leftovers.
Just Aaquaverse dropped their stake by 1M shares to a 12% holding due to an unwinding of a facility agreement . Shares dripped back in to the market which took the SP down. It shouldn't take too long to rise again.
I wouldn't mind a dip, iceberg or firework, anything to get off 66p. All morning. 500 trades & stuck like a nail. OK, I will buy all the shares on my own. 3 at a time while at 66p
Fira2011 & Jongle - nice to see that you give up your Sunday to post some amber warnings. You guys are all three colours of a traffic light set. Hopefully your circuits go haywire this week & you get in an incoherent muddle. Markets are looking sexy this week - BOO in the fast lane - beep beep.
Midway - good news on the 50MA. Tide is coming in. predicting a Tsunami come September which will ride the SP up, down or both ways. Can't go wrong with that one! Up for now.
Ragtrade - your comments are appreciated. I have seen small workshops producing local re-manufactured clothing which is mainly one-off items. Nothing that can be utilised by a large manufacturer. Mono fibre recycling I think is the most achievable at this moment in time. How you get a pile of used cotton in to a roll of fabric would impress me. Research & implementation of a working process awakens the mind. Link to WRAP - https://wrap.org.uk/media-centre/press-releases/fibre2fibre-recycling-turning-uks-unwanted-clothes-latest-fashion Question is - is this the sustainable way forward that the fashion industry needs to head for or have we missed the obvious?
RE: Is now the right time to look at the small cap Gold Miners ask @TMSreach30 Jul 2022 01:47
Waiting for the mother load of copper & gold. No news expected before October so a small holding is shelved for the time being. This is a this year or next year stock. I'm down 60% on this one & will cautiously hold & buy to average down so my downside is 5%.