RE: The Bull Run to £1.8024 Nov 2021 22:44
@crl123
I know you also see the activity on L2 so would value your thoughts?
Now yesterday i was of the opinion that Steven had completed his sale as his TR1 was issued and i thought the Auto sells were just either shorter's or other funds adjusting.
However, now im not so sure, the auto selling has just been bloody relentless, the MMs are playing us for bloody mugs here.
They switch off the auto selling for a short while, by short while i mean 10 or 20 mins, retail start buying and then they sell back into it taking the price back down. I have introduced contacts to this stock and the moment they buy its taken out. At one point i thought this is great, buying is nice and steady, no auto sells, price climbing maybe that's its now, then whack, they hit it with bigger sized auto sell. Or they play us with say 10 auto buys of nominal amounts say up two hundred quid and then stuff an auto sell at the end for 3800. Its that sort of thing.
By a VERY rough calculation i worked out that the last two sales materialised by Steven were about £1.4m. Since the last sell off on the 19th Nov that was last friday, we have had three full trading days. i worked out today that roughly 250k was auto sold in drip feeds, same monday and same tuesday, so if we follow that logic through, will we see another T1 on Friday with another reduction of about the same that has been drip fed in over the week?
We need an update here but im wondering now if Steven knows the update will be very late December or delayed until Q1 and that's why he is selling. If it isnt him selling then its shorts doing it but whichever way i cut this, until those auto sells stop not sure what we can do?
Are you on the same page as me or have a different view?