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Noticed those 156 trades, folks? Small volume but relentless when it starts. Possibly corresponds to "Agony Ends Today" if you do the number-letter conversion. Some buyer we got on our side, equipped to the gills with algo tech. At bloody long last!
That 107 was a buy quote for 200k shares. I've also got a 104p quote for 180k shares, again at around 3.30pm. Accepted neither and keeping my powder dry. I was surprised too, seeing the market wasn't thin at all this afternoon. It might be a broker thing.
Ah ok, I must've missed that. I hope it is him then.
My money's on Steven Oliveira.
That'd be great though so far he's only come as close as Spire. Not quite the same space mind you.
Should they fail though we could quickly see a screaming bear squeeze. And heaven knows, we could all use that mental break. However temporary.
I'm getting a whopping 107 quote from IG for 200,000 shares. They must be mad to think I'd accept that!
Some serious buying and serious shorting. Expecting a holdings change RNS by the end of the week. Also, best to keep checking the shorts disclosures.
The desk which agreed to those 82p block trades is aggressively suppressing sp. They're 8-10 million shares short by my count, just in the last 2 days alone. So they just can't afford to allow this one to fly unless they tree-shake first. Hence they keep hitting the bid (and those AT trades). My two cents.
It's looking that way, and I hope it'll bottom out at the 3.5/4.5p band. Constant selling again today, and not a single buy yet. Who are these sellers? And why are they so desperate to take losses of this magnitude? Haven't they learnt anything? Handing over their pensions to the brokers. Makes me sad.
Not a peep from anyone. Volume's in excess of 3 million now, so I guess you all have sold yours and busy digesting those multi-digit losses. Come next week, I might need to congratulate you all for that 50%+ loss trade as we're heading to zero clearly. I do hope the tide turns around though. The 4.5p bid must hold.
So if the results are all that rosy, why are these retail holders dumping 200k shares every minute? Volume's 2m+ on the day so far, and this indiscriminate selling's just keeps gathering pace. Why's everyone so desperate to take huge losses in a company with such optimistic prospects? Are they being irrational? All I see is a sea of red as if Byotrol said they were going under.
Cor blimey, what happened today, does anyone know? No news whatsoever and obscene amounts of selling making me feel like the last of the Mohicans!
The point of buying 800 shares that many times is surely to sucker in some more buyers, nothing more. I've seen many over the years but WQ's greed's right up there - with an ego the size of jupiter! And please don't give me that algo setup or rules bs anyone. There's a man behind the curtain, and he wants to eat your lunch for you real bad.
Correction: 30 odd percent, not 50
I like your thinking Sangi & Saints. If we approach those high teens, we might need to start thinking about building a war chest reddit-style, like you've been suggesting Sangi. And then pounce back in when we see a dip, or at a pre-agreed level. I for one would be very tempted to mass liquidate my stake at close to 120, and then sit on the sidelines to mentally recover. Especially after having seen (and traumatised by) this one poxy algo being able to pull off a 50% decline (120-80) even though it wasn't their success alone. I'm certain there were a number of algos/manuals piggy-backing them. Dry powder'll do us good in this range-bound market. Unless of course, 0518 hits the wires in a spectacular fashion soon and we shoot up fast which many here seem to believe to be weeks away.
He hasn't sold anything yet, order's sitting at 92. I reckon it'll probably get hit before US open. Not sure if he then can buy back sub-90 though. I doubt it big time.
Looks to me like most of those sellers are retail and taking their losses. We've seen many spikes and subsequent pullbacks recently so they're assuming this is another of them. Boy I'd love to see them get this wrong and a whopping 108 close (instead of 88).
crl123 - Oh yes, we've negotiated the same storms over the years. I lost about 10 grand in Northern Rock and Afren (each), and very narrowly escaped being burned in Circle Oil, Carillion, and a few others (sold in time, sheer luck driven by technicals). As far as 4d's concerned, I'm still happily choosing to suffer from selection bias and treat it differently due to the vital nature of biotech. Covid taught us that well. Millions will flood here or LBPS upon significant news release. And I can totally relate to the pain regarding the size of the unrealised loss you're seeing on that screen (same here, with a higher b/e than yours even, you lucky man).
Not one to take losses, so I rather sit on them for a few quarters and ride out the lulls, prop-desk style. It all comes good in the end, eventually.