RE: Fresh week in volatile markets24 Jan 2022 08:41
Dealer, Travis ,Stix judge,ljm ,& all
Charts were certainly bullish last week sitting @ 27/28 ,
Why the sudden drop within 2 sessions down 20% ? Absolutely no negative news ,
or just simply no news incoming so a fully orchestrated aggressive trading drop south ,
Large short opened 1.5 million last Tuesday
Fuelled by chunky sells tossed on deck -
Ukraine situation adding Napalm to nervous markets & some financial groups may de-risk
This aggressive downtrend weeds out the nervous sellers
Close the shorts & buy all the stock back cheaper - 22-24
I’m always sceptical as seen it all before , if the city had a whiff of no incoming RNS , free pitch to trade & net cheap stock , after a 30% rise from December, MMs happy to oblige at any level .
The question is , who opened the shorts , who is the seller , & buyer on the reversal , perhaps the same financial group ,
We have had very positive RNS & tweets , however not sticking to the stock price , simply traded between RNS ,
many of us didn’t expect been @ low 20s again & nor did the charts etc
Let’s see how the week unravels however Shorters & traders @ the helm at present .
Rums all Round