SP Angel selling big -while staying Buy30 Nov 2021 18:04
So for those who haven't seen it, TW has been reporting that SP angel have sold down from over 2 million shares (Oct 5) to circa 300,000 (Nov 5)..
So at an average share price of 15p, they've dumped around £300k while stating a buy target of 50p+
So if there's any truth in this.
1) SP angel should be FCA investigated and dumped
2)
There's been a massive influx of shares onto the market recently - who has been buying and have the MMS consumed these?
3) if SP Angel have been shorting (illegal and there's no accusation of this), this would produce a massive short squeeze.
You can look at this both ways- highly negative and terrible regarding the broker , but with potential for it to break much higher with someone consuming those shares