@giles - the lse quoted price isn't wrong as CFEP are quoting 1.0 on the Bid and JBER,PEEL are quoting 1.1 on the ask. The fact that they are taking trades below both the bid and the Ask doesn't make what lse show wrong.
@HullFC - to be fair I haven't changed the plan - I've simply executed the next part of it crystalizing a gain on the short SB position to offset the loss on the shares held Long. It could turn out to have timed it wrong - but my estimation is that a short position is not going to appreciate further.
James - the point is the selling has stopped ! MMs now have a long position of 4.5 million so not surprising they don't want to buy more right now. Their next move is to sell them back to punters at more than they paid for them...…. think about it
For the purposes of transparency; my assessment is that buying pressure has now turned a corner. I have therefore closed my SB short and will decide when to purchase additional shares to add to my long position.
@Bantutrader - accepting that if you think you can guarantee anything you are deluded right now. That said - I would be very surprised to see any short to medium term return to 10.5. I see 16-17p near term as much more likely and 30p+ medium term. But good luck with your strategy.
Thanks O&W - yes I am aware I've seen what they did to some of the guys on BMN. in spite the myopia , willful (or may be just natural) stupidity of some. I'm only looking to shepherd my long position through uncertain times. I won't discuss further not because I have a problem with you at all, just that it attracts attention from the more obviously nefarious liars around. Good luck with your investment here O7W I'm sure we'll get a good result quite soon.
O&W - yes. I expected it to fall further (and it has) and also didn't want to sell my long position and try and buy it back later in case it moved quick and I was locked out. Instead I SB short and now have a stop on the SB below 1.3 so if it pings up I don't lose. I just need to decide when to close the SB now and then buy more shares long on the proceeds and ride the rise that will inevitably come.
Hope this makes sense. (My long position is under water at 1.3 but not by much my average is 1.5 ish. I might be able to reduce that average a bit - but not much if I get my timing right)