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TW runs his site with alterior motives, he had a band of loyal PI's that hang on his every word, too daft to realise that by the time he states something, he has already got in. Once it moves up or down he is the first one out before switching positions and either pumping or ****ging off depending which way his bet is. It works best with small Mcap companies. Probably should stick his head too high above the parapet on this one, the Bur snipers will order pizza and when he goes to deliver bungle him in the back of a car, pretty much the same place he will end up living if he says anything libellous.
I really dont think it will be last last buy either, and if a couple more drop tomorrow morning this will rocket. I wouldn't be surprised to see director buys above closing SP for the next couple of weeks to show strength and instill confidence back into the market. Somebody was buying strong from 820-900 on friday and it wasnt PI's, it went up in a straight line so suspect a very big order being filled.
This will be fine on monday and open up. 900 was tested on friday and the drop in SP into close was just traders closing out on the whisper of another attack over the weekend.
The attack hasnt happened and I suspect a lot will be trying to get back in as I see this doing a good 25% or more this week. Many PI's admitted to getting out in case of a second mud slinging over the weekend and i fully understand their reasoning. I held firm and I wont be hitting the requote button all tomorrow morning. The rebuttal has more than killed the MW report. Onward and upward all week with plenty of trading opportunities.
Let's be honest, if MW's accounting review was it was a failed company they would hold short until it collapsed, they didnt, they pretty much closed over night telling us they achieved what they wanted, quick profit on a suggestive report that spooked the market. Would love them to have to disclose their net long position, bet it's just under TR1 reportable rate.
If MW have now switched long I would expect an apology that their statement had been misinterpreted and are very sorry for the volatility it caused. This will cause this to climb, they may avoid legal action but more importantly for them they will make an insane amount of money on the rise.