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Much as I admire your confidence Munchback, the general trend of your postings of late always seem to indicate that there’s going to be a blow out in price within days. Only for the price to gradually fall back to its current trading range between 28 to 31p. UNTIL there is an actual RNS of meaning I think your optimism needs tempering. I personally don’t see that anything is going to happen until sometime in February 22. Meantime those of us heavily invested in MKA just sit tight, enjoy Xmas and New year and to quote Delboy “ this time next year we could be millionaires “.
Over on Nasdaq just hit a 52 week low at $ 13.83. Nothing is stopping this .I’m now under water by at least £50k since this started just after results. What is the end game ??
There is substantially more pre market trades over on Nasdaq than usually the case and driving the price down to $ 14.33. Is this the last shake of the tree ?? Usually these buggers know more than we do about behind the scenes moves
Not many pre market Nasdaq trades as only tiny quantity at $ 14.90. Expect they are waiting on the opening bill when they will hit the automatic trading button for the usual 100 share trades (which make up around 80 to 90% of all trades in USA.
See that the board have issued another 4 million shares for the directors various compensation schemes. Meanwhile the share price for investors who actually part with their own money to buy them is in free fall and they can’t do a bloody thing to stop it.
Looking closer at the TSXV, I see the volume is only 3500 shares compared to a 30 day average of 19,303. And the current price of 44 cents is below the 200 day moving average of 46 cents. What the **** ????
Yes Ive just seen the huge 18% fall on the Vancouver exchange down to 44 cents. Cant see the actual trades in Canada like we list here on LSE but such a fall would normally transpose over into UK trade on Monday market open. which would equate to around 25.6 p. Something doesn't sound right about this.
Looking at the pre market trades I can only see this going down again today and into the $ 13’s. If this continues without some intervention we could well be on the way to $10 . Nothing seems impossible nowadays but he ho the management are still lining their pockets.
Now down to $14.10 on the ADR. And still management do sod all.
Can somebody please enlighten me as to how the pre-market trades work in USA. Who for example strikes the trade price ? Does a party actually conclude an actual trade (purchase) at the price shown or it it simply a strike price at which they hope to trade when the market opens. I check pre-market trades and quotes on the Nasdaq official site but I still don’t understand how it works. We are definitely in the world of the tail wagging the dog, as our original AIM listing and pricing is entirely now under the spell of what happens in the Nasdaq listing.
Just by looking at the intro day graph everyone can see that the shorters have still got Tremor by the balls and can do whatever they want with the NASDAQ price. Wouldn’t surprise me to see it back to $ 15.22 by the end of the day having got to well over $16 pre market open. And in AIM they took the price from 630p to 574p. When will it ever end ?
dog Id be happy to join you in buying at these crazy prices but there is a chance I might need my funds before end of this year to buy a house. So I cant take the risk that the shorts could continue to take this down even further than it already is and before any market update expected in January to re-confirm the ongoing excellent results. If the board cant figure out some way to get back at these shorts, there is simply no defence. If we are still at these levels come January, even a great report might only take it back to around $ 18 or $19 before the bloody shooters will be back for more.
Hi gdog. You seem to have your finger on the stats for the shorts but yet again they manage to manipulate the price down after London close, from somewhere close to $16 to $ 15.61, at one point bringing it back to $ 15.32. I just cant see how we can shake off this short to get back to price levels over $ 20 which even then would be considered a buy.
Yes these guys are not letting go of their short without a fight. Twice in the past 2 days we’ve seen a huge spike well into the $16’s but within minutes the hundreds/thousands of 100 share trades are triggered and down she goes. What intrigues me is where are the shorts borrowing the shares ? Given the report that Tremors largest two shareholders were the ones putting the squeeze on the chairman to instigate a review/ buy back it doesn’t figure that they’d lend out the shares for the short. Given that whomever lends the shares in the first place, despite an interest charge for the period of loan, eventually sees their share value decline inordinately, I really can’t see what’s in it for the initial loaner.
The shorters are going to take this below $ 15 today without any problem, and possibly down below $ 14 within the next 2 days. HELPLESS !!!!!!!
The big question is how low can these hedge funds force the price before we seemingly helpless pi’s can find the funds required to buy at these low prices. I’ve already invested a small fortune in Tremor the latest being a trade of £20k at 599p. But I have a ton more above 700p. Although I have access to funds following sale of a house I’m reluctant to commit more in the face of an implacable enemy ie the short. How will this end ? A Nasdaq price below $10 ??? Previously unthinkable in the context of company results but now who knows ?
Now down to an all time low on Nasdaq of $ 15.66 and every damn trade is 100 shares. Still heading south. Surely the company should ask the SEC to investigate this ridiculous campaign.
Yep $ 15.91 as I type and heading lower minute by minute. The drop on Nasdaq started within a minute of AIM close so there must be something in that.
Also noted that all the trades within milliseconds of each other are all for 100 shares, a classic short if ever there was one. But at the end, for shorts to succeed there has to be a bunch of sellers while they drop the price, and, given results, these sellers must have the brain of a gnat.
Gdog where did you get the info about the volume of shorts. On the Nasdaq site where I track the real time and pre/post market prices of Tremor, there is a sub section marked “short interest” but looking at this it simply states number of shares under short and a settlement date.