Member Info for steveinhull

Personally I think the drop has further to run. If you were shorting this would you stop now when you have managed to drop the price so far?

95 is the target.

This is the aim for them. 95 next target. Then set that up as the new resistance level. It's been happening like this for a while now. It is going to take some big news to disrupt this cycle.

Spot on. It is sad to watch when you have money invested in it. The SP is completely divorced from reality now.

They are pushing for 95. This will then be the next resistance level.

This has been walked down in price day after day. Small buys during the day which isn't moving the price then big blocks of sells to drive the price down. This then sets up lower and lower resistance levels from which they are driving the price even lower.

Yep. Completely owned by algo's.

Spot on. Mostly algos are doing this. They are walking the share down and down creating lower and lower resistance levels.

Just think about it. They are in discussions. There can be no other reason why they are sitting in complete silence about this.

This share now is an algo traders dream. They can manipulate it at will.

I did say this morning 1 RNS will not stop this share going down. Once the hedgies start feeding they are very hard to shake off.

The price has been hugging the lower VWAP level for the last 2 hours. If it breaks below it may not end well for the day.

This share stopped trading on it's fundamentals months ago.

Would not be at all surprised if this tests the lows again. Needs to hold above 105 VWAP line.

Here they go again. The algo's are slowly dropping the price down into the afternoon. Low volume and the price is dropping again.

I did say this morning not to get too over excited just yet. The algo traders are not going to just go away off the back of one RNS. 105 was the resistance area yesterday and it happens to also be the VWAP line. So if we can break this level and stay up above it that is positive. But it will be a battle as the algo's won't give up easily.

A lot of euphoria going on this morning. Probably relief after all the down days we have had lately. The RNS was very welcome and has calmed sentiment a little. The silence about any possible takeover was very promising imo and the most promising thing from the RNS.

But just remember, the algo traders won't be letting this go just yet.. so this won't be a rocket ship just yet.

Have the algo's now go this to 105 resistance. Let's see.

The silence from the board speaks volumes to me. There is SOMETHING going on in the background but who knows what. Personally I seriously doubt it's gets bought out over £2 per share.

I really hope I am wrong. We need a good outcome because so far being a shareholder in this company has been a slow torture.

Been invested in this share now since 1.85. Pretty clear this is just being used as an algo traders plaything. They are walking the price down. Setting lower and lower resistance levels.

Only thing that stops this is a take over or being taken private.