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Guys, I have said many many times, it's the algos at work moving this up and down. The buy earlier triggered the AT to buy.
Also NEX doesn't matter in terms of percentage, the figures don't mean anything. You need to look at the bid/offer on LSE which can be seen clearly on level 2 and also above.
The good thing is that this has now ticked up significantly. Could be news due and the MMs want shares but no real way of telling.
Good comments guys. I have been buying the dips in 300-500k blocks at 0.6p. It is hugely frustrating for the impatient people (including me) but this is an investment as opposed to a quick 10% trade.
I noticed some traders selling at a loss after no news came after those big buys yesterday. I am a poor trader so not trying this myself but can understand short term traders doing their thing.
Just put them in your SIPP and try and forget, easier said than done!
They are still ticking it up on nothing. Trouble is only a few of us bought at the recent lows, everyone else is sill in loss so people not selling until at least breakeven I feel.
With news due the holders are more inclined to wait for the news in the hope (and likelihood) it is good news.
I have it down in my notes we are due results now so Iooking forward to it.
A lot of us have waited long enough to see the outcome of the JPL and based on the recent movements of the MMs they probably know they need stock.
They are trying to tempt us into selling. Thing is nearly everyone that has bought here has bought higher and will be waiting for the RNS to confirm what's going on.
Unless you seriously thought it could get worse then why would you sell?
If we think about how it can get worse I don't see it as we are operational again following C-19 with results to come soon. The JPLs will be looking to preserve the interests of the company and thus the shareholders whilst simultaneously paying off the bond. I feel risk/reward is very high here and even though I am in profit on this tax year's share purchases at around 9p I don't want to sell them until at least 30-40p and that will only be a slice at that.
Happy to hear any counter arguments about the worst case scenario that I haven't thought of.