RE: 500K sell.20 Jul 2019 17:22
It’s going to be an interesting time.
I did a dummy buy for 300k shares yesterday, no problem - instant availability at arount 3.7p but they wouldn’t take a 50k sell without going to NT, so I assumed there was a sell order in place.
Of course, I’d like to time my next chunk of buys at a lower price than the first lot so I’ll be watching for a drop, selfishly hoping the mm’s pull it down if more sell orders are placed from our IPO pals.
I’ve not been here long as a shareholder but have watched DEV for a number of months, I think it’s got very cheap now.
I bought Bacanora under similar circumstances, which is also quite an illiquid stock, a fund kept selling (as it had to) and took the price from £1.00 down to 11p. People panicked of course which assisted the decline.The assets remained the same, nothing had changed. I loaded at 13p. It was back to 50p last week.
I see a similar story developing here, Dev Clever Plc is making great headway, all the foundations & technology is in place & the rollout is underway.
I’ve personally earmarked a further 1 Million shares for the ISA & if funds allow May double my Holding again.
I’m pretty excited about the next 6 -12 months here.