RE: LBInv19 Aug 2018 01:16
My experience with this Friday...
Very small free float here so buys and sells affect the price dramatically. In terms of liquidity the spread is usually quite large. I could easily get test sells for 100,000 chunks of shares on Friday.
I believe that 2p is the bottom IMHO. On Friday there was a sell for 1.95p when support was tested but the share price soon bounced off with very low volume of buying activity vs the larger volume of sells that had gone through. After testing 1.95p I was being test sell quoted 2.06p consistently into market close. This shows support at this price IMHO. These test sells were for 100,000 shares so decent sized chunks.
After my topup of over 350,000 shares at just after midday Friday at 2.174p the actual test buys rose to just over 2.35 then dropped to just over 2.25 (it might have been 2.26 I cant remember the exact decimal) but I couldn't buy any more at 2.174p for the rest of the day.