RE: Sells as buys9 Jun 2020 08:42
Seemed like a strange day trading for PURP yesterday. Almost all sells were traded just below the mid point, and absolute sea of red. Generally sells go though much closer to the Bid. Is it likely that yesterdays sells were due to some kind of institutional algorithm that picks just below mid point to maximise return? Looks like a big seller who wants >60p and dont think they have finished yet.