Member Info for SPC32

So when/how does it stop?

If it’s been going on for 8 months and looking like it will keep going then it must certainly be worth their while, either now or in future.

So to summarise: we’re completely stuck at these levels because no matter the news flow the automated trading algorithms and those behind it will simply negate any upward momentum by adjusting accordingly?

The downward pressure and incessant daily selling has been ongoing for 8 months now and doesn’t look like abating, it followed the infamous ‘get ready for pain’ comment from a user on here which was impeccably timed. What needs to happen to break the cycle?

And they’re still able to dump 25k, 50k, 100k blocks so still got large enough inventory remaining to sustain the selling, news won’t move this while this seller is still active.

Block seller since September last year creating oversupply, estimated over 60million shares sold to date, difficult to fight against that.

There’s been incessant block selling going on for over 7 months creating an oversupply, estimated to be over 50million shares sold as part of the block selling pattern since the middle of September last year….and it’s still going on.

I believe the seller has either finished this morning or will be finished today if there are any residual shares left, the larger blocks look to be done.

Filter me then, you don’t have to announce it. This isn’t a train station.

Some things become apparent after time.

Over the past months, the action has consistently shown a textbook large institutional exit being executed as a worked sell order (drip-feeding into the market).

The proof comes from the consistent reduction in block size and frequency, as well as the timing pattern, paste in the trade data, massive data sets and the patterns can be looked at by ai rather than painstakingly doing it manually.

The trade history shows a clear pattern of a large holder reducing their position in stages. Earlier in the cycle (around September to early October), we regularly saw large sell blocks of 50,000 to 250,000 shares hitting the market, often multiple times per day. During November, those blocks became smaller, typically 25,000 to 100,000 shares, indicating a significant portion of the holding had already been sold.

Over the past couple of weeks, the blocks have reduced again to 10,000 to 50,000 shares, appearing less frequently and mostly only when there is enough liquidity on the buy side. In the last few days, the sells have become much smaller still, often just 2,000 to 15,000 shares, and irregular rather than persistent. Today’s trading reflects mostly final scraps.

This steady decline in both size and frequency strongly indicates a large worked sell order approaching completion, rather than random retail selling.

I came back in lower then waited and kept an eye on what it was doing, I’m certain something is ending, not sure on how quickly it’s ending though, hours? days? weeks? - my best guess is hours or single digit trading days going by what I see.

Of course I don’t ‘know’ and could never say 100% but for weeks/months almost we’ve seen repeat, neat sell clips:

5k / 10k / 15k / 20k / 24k / 30k / 50k / 60k / 64k / 70k / 83k+, usually at roundish prices (e.g. 37.20, 37.50, 37.64, 38.20).

That pattern is too regular and too large to be just random retail, yesterday we saw:

Multiple 50k blocks / Several 20–30k+ O-book crosses

M / Afternoon/close action still dominated by 5–15k sells, but buyers clearly in control.

Today we’ve already seen big morning sells: 52k, 50k, 21k, 16k, 33k, 16k, 10k, 15k, 20k, 10k, 12k, 24k, 64k, 60k, plus multiple 18–21k clips etc, price still holding and even trading up into 38–39p.

It’s very unlikely the seller has a lot left – they’d be crushing the price back into low 30s if they did.

Equally, it’s hard to argue they’re on their literal last 5–10k shares when we’re still seeing the odd 20k+ flush (e.g. the 60k at 36.88) but they’re certainly nearing the end.

I believe the seller we’ve had for a while is almost done, I reckon today or tomorrow and we should see some pickup to mid 40’s at least.

Last few days suggests overhang nearing the end.

People have been saying that since 70p yet here we are in the 20’s.

It might not see the future if this keeps up, imagine another placing next year with the stock under 5p, regardless of what’s there for the future, the here and now plays a part.

And there doesn’t look to be any response or positivity. Alarming.

Definitely either needs something big or a sustained news campaign as each sign of a potential rise just fizzles out.

Wonder if the huge sellers have stopped or given up?

Are you colour blind?