Last minute sell off before tomorrow's plunge I'm guessing. GLA, buyers and sellers included. I may miss out but perhaps not. The knife is falling etc. There are plenty of people familiar with that adage and are just as reluctant to jump in, so yes, further to fall I'm afraid.
Matt007 - wow buddy! You're heavily invested here! Too heavily invested to be watching on a day to day basis! You should go out on your yacht and take it easy for a few weeks. When it drops enough, vultures like me will dive in and the price will go back up. Put your feet up for a bit!
There are plenty of buyers (looking at L2) for your shares at 9p (5x20k). But only one seller at 9.3 (for 20k). Next 20k slice at 9.5, then 40k at 9.7 That suggests there is a bit of a shortage of shares and there'll be an easy bump up. It looks a bit risky trading at this point. I have to admit I was tempted at close yesterday, but have decided this is a keeper, until the expected Leap listing/buy out, at the very least. Then we'll get the fresh valuation for Leap, which should add another 5-15p to the SP? Not sure why that bloke couldn't sell £500 worth earlier (J2300?)? Perhaps he was asking for 15p rather than the quoted price of the SP? I'm not sure if I should applaud him or what?
RE: As Blonity says: Follow the Value, Price will come15 Apr 2021 14:46
Valuation is tricky. But current trends: "Citron took to social media to say that Riot Blockchain stock should trade in line with its net asset value (NAV)" ARB - 382M shares at £2 approx £764M valuation It held 764 BTC at end of March @ approx £50k = £38Mill ARB is on 20 PE at the moment. I'm a newbie so happy to be corrected.
Moog - If you sell to the MM at, say 185, the MM will always find someone who buys at 186. Thus the MM has made 1p from that share. The MM will set his bid (185) below what he reckons the ask (the price he sells at) will be (186). The spread reflects the risk and the liquidity of the share.
Calamari - I don't know about'most', but I can see that there are a fair few who don't really understand the data. Greed and gambling are always risky. Tiger16 - I may be wrong. The honest truth is no one knows. Not even you. But experience (and a very wise investment sage) have taught me that the key rule is not to make money when dealing stocks but to MINIMISE YOUR LOSSES. Profit follows on automatically from that. It's a hard one to get frankly! That does mean it pays to jump out when there is a significant drop and jumping back in at a lower price if you are hell bent on holding the share. What gets me are rampers leading the blind/inexperienced into losing money. That really gets my goat.
Best thing you can do is get out now and wait for the bottom to come. You can tell I'm not a holder but a vulture waiting on the wings (an experienced one at that) to jump in and grab a bargain, perhaps at 120 or below. What worries me is that I seem to be the only one. There seem to be lots of PIs trying to reassure themselves that all is well, many who don't seem to know how to read the data. I'm easy if I'm wrong and this bounces up today. Good for you and you're holding, and you do well and I do badly. I wish you all luck and I mean that sincerely.
As a newbie here, grateful if you could point me in the direction of the data around shorters? I can't see any. People are mentioning shorters, but is this speculation or do you have access to data somewhere where these short positions have been published (in line with statutory guidelines etc)?
Nael - the trades are NOT reported as buys OR sells. This is trading basic 101. What you see is a guess by the bot that makes a call on whether the trade price is closer than the bid or offer price. It's an INDICATOR. That's all. Definitely NOT a report! On top of that, sometimes the trade is logged a little later than when it actually happened, so there is further distortion as the bid/offer shifts. If you're looking at the reds and blues as an indicator of whether more people are buying or selling, then you may need to do a bit of rethinking about your strategy.
I tend to find that appointments make little difference to SP unless it is some sort of 'superstar' being appointed, with a known record in the city. Today's sells really do defy logic and I missed the point about this being a short term 'trading shares' with traders trying to outsmart each other about calling the top and bottom. I was in KNB and CBX, both as a speculative punt. I remember doing more background work one night on, I think it was CBX's, proposed distribution channels and saw they amounted to something akin to a lock up in Wembley times two. FFWD's investments are so, so much better thought through than many punters' personal investments, and of course, valuation of assets is the issue here. But Berkshire Hathaway manage to do it, and for some reason, the ability to be recognised by markets eludes FFWD. I'd love to see FFWD transform get it's £50m valuation and wouldn't be surprised if we don't get a lot closer to it by the end of this year.
It's pretty tight up to 310! Phew! Glad I didn't get spooked post IPO! I'm guessing this is going to settle around 350 perhaps? Well, wishful thinking I guess as no one really knows, but the last few days have shown some pretty decent steady gains on quite low volumes.
I for one am a little surprised at the sells, retail or not! There is plenty going on, plenty in the pipeline, and within 2021!!! I really didn't expect even a tiny drop! Anyway, that's the markets for you! Completely illogical!