RE: And another....27 Apr 2020 21:41
Does it really matter if that 2.5 million was a sell. The answer quite clearly "NO".
Just look at the previous 4 transactions, they were all definately buys and totalled almost 3 million shares.
So once again the sells being totally gobled up as soon as they become available, thus bringing more support to the SP.
I've been monitoring each day for the last two weeks,by using dummy buys & sells, the availability of collecting more shares and also seeing how many of my portfolio they would take off my hands. On the buy side it has been very difficult indeed to make a purchase of anything over 500,000 shares. On the selling side, (and I have done this around three times a day for last two weeks) they have been prepared to take all my holdings that I have in one of my accounts of 3,700.000 shares.
I did manage to buy back £105k worth of shares last week at 7.26p that I had previously sold at 3.3p which cost me 1.8 million shares. I sold those shares around 4 weeks ago when I had a bit of a wobble due to the fact that I feared once covid-19 got into America then the SP would tumble back down to my average buy in. So at the time of sale, I thought I had done the right thing.
This share is deffo being manipulated by the MM's, to their advantage, by all the tricks they have at their disposal.
That trade I did has cost me circa £160k in lost paper profit so imo as they say "Hold for Gold".
I can see a good tick up tomorrow & Wednesday, because they are seriously running out of shares to fill the orders.
GLA
sAs