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Totally agree. Looked like a margin call to me. And very limited ability to buy large amounts at the moment, but happy to take sells. Textbook distressed sells. I imagine it's what is behind a lot of the larger falls today.
Max buy is currently £1500.
Buyers seem to be stepping in. NT for anything but small amounts at 27p.
Yep definitely, interesting how RBW has barely moved. Same sector etc.
Sub 27p seems a bit overdone....
Markets are weak because of Ukraine and US sell off. Volatile week for the SP ahead. Lots of big US earnings updates which has obv implications.
Dark shorts clearly still to fully cover. They may use the weakness/volatility this week to go for a close.
It could be one of those times where everyone is so bearish that the huge correction some are sure is coming ends up not quite materialising.
Sorry should read 'Today was the same as last night' bit rushed sorry, but you get the gist.
Charles, there was an obvious op today and yesterday. Same as last night. US markets looking shaky, so last night and this morning MM's let the price run up so they could pull the rug out from under the SP. Given Dark's fans over the pond, you can be sure of the US looks shaky, a dip is imminent. Use that in the future rather than me giving specific trade points. It works 9/10.
Moot point at the minute as it's NT to buy even £1000 worth.
Agreed SR. I am as well. It's a shame that despite the sells the MM's refuse to actually drop the ask! Love to know who is bailing. Interesting time to do it just before 2022 newsflow gets going.
MM's using the red day to collect shares. Buying has actually been pretty decent.
Tin at all time highs. When ATM hit 7.3p tin was $32,300. Even with dilution and ignoring all expansion, Li and Tantalum, it should be over 8p. It needed to cool off and the MM's need shares and days like today allow them to spook people into selling them. $45,000 tin may be seen next week.
If Theresa May did trading days...
Looks like whoever was chipping away all afternoon yesterday either got what they wanted and are related to the large trades out of hours, or is having a day off. Either way great to see some stability in the SP finally.
The real spread is 29.95/28.65 - utterly ridiculous.
Yep I would say the trading is designed to deceive at the moment. The ask has been creeping up all day and now the MM'a have stretched the published pread out to 28/30. They seem to be trying to put off buyers and encourage sells.
I think a dual listing is a possibility given the prevalence of US buyers. It would also encourage a higher UK share price as it would inevitably outperform the UK listing in the states.
We need to shake off whatever the anchor is on the SP at present. Amazing we are trading nearly 30% off highs with news due and still someone is dribbling sells through.
Enough on my trades lol
Here to make money Charles.
I was happy to take some out at 4.45 yesterday because I felt the shorts were still active. I bought back much of what I took out at close because I wanted to make up the difference from yesterday's fall which I have now done. 429 was enough to do that. I bought half back at 418 on the dip. Happy to lose out on the rest or wait for a pullback. Afternoon sessions haven't been brilliant lately so we shall see. Anyway,
I bought back in at close as I mentioned. Sold them first thing at 4.29.