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Oh.... I understand now..... you’re a day trader! Didn’t realise... though you were in for a long run! Most on here longer term holders so daily charts only interesting for position taking after a surge! Good luck anyhow!
Similar issues here in UK back in late 70s and early 80s with containerisation. Unions placated and many dockers took redundancies from government PLA and got jobs for the private suppliers like Fred Olson etc. My family had many dock workers back then and remember it well! All the protest came to nothing! Storm in a teacup!
Story here.... sells being mopped up by much bigger buys. All smoke and mirrors with the spreads to disguise buys as sells. Grabbing shares to fill their orders. Well played again MMs! Let’s hope for news for the stronger holders. GLA.
I think from memory I got quoted live 13.6 as tops but sold a few traders at 13.2 a while later. The longer holders would most probably be those that topped up at 6.25 to drop their average price so wouldn’t necessarily sell at a bag. I didn’t as waiting for much more. It was so flat at 6.25 that very traders would have bought. I’d have thought most traders in at 8 to 9 so apart from 20% brigade then many might wait for 15/16 or more as many WSG traders know how it moves on news. I check live prices through dummy sells and buys throughout the days so know what is a buy and what is a sell without looking at whether it is reported as red, blue etc!
How about retest of resistance. Anyone with any knowledge knows resistance is not merely rebuffed once. In fact many traders look at double or even triple bottom before jumping in??? Regarding traders taking profits... decent ones would have done so at 13.5ish and not waited for a nearly 20% fall from that???? Perhaps stick to Accountancy????
Dropped off so far today. I get the feeling the watch and wait brigade are sitting there with fingers at the ready to see if we can jump towards 15p. If we see a few big buys and sign of upwards movement we’ll be off and rising to the next resistance level. RNS and then sky the limit. GLA! :-)
With SL bums on seat income at all time high and of course the ad hoc contacts at $4.5M even with say two per annum you can see the potential and then there’s the Saudi Arabia plus additional business incomes :-)
I’m thinking minimum $25 per container going to WSG based on Ghanaian elements converted to dollars plus WSG getting 70% so anything else a bonus? With 1M containers in first full year then $25M per annum rising to triple plus that amount on a minimum 10year deal???