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I would not say the price halved, I would say it tripled. Why? The reference line during the August was around 8p, after the news the price has not dropped below around 23p. That big peak (60p) looks to be a pure speculation by MMs to me.
Interesting project. I understand this as a pure research project between the owner of the ship and DNV. I doubt this involves Hurricane at any capacity.
I will be me and will reopen this with the question: can someone explain what does it mean "off-book" and "AT" trades? Could you give some example with a small trade, ordered through a common share trade platform, that would be considered "off-book"? I am just curious, because in this share 100% of trades are considered as "off-book", while I would expect "AT" for most of transactions. Thank you indeed for the answer
@pebsi,
No need to be negative. I am just trying to understand the differences between "off-book" and "AT" trades. My understanding is that whether I or you put an order through HL or barclays or any other platform, this would appear as AT trade, wouldn't it? So, if there are no AT trades and only off-book trades, what does that mean? Does this mean that the price is lowered artificially by MMs? If yes, why?
@Poppie1,
Thanks for the video. It does explain small changes to me, but these 30% negatives... And if they are making money on small changes, what is the difference for them if they make it in a range of 50-60 or 20-30?
I agree with you, but the question I am asking is how the share price is being lowered? It is hard to believe that the private investors lowered it and even more hard to believe that they could sell at such amount of half-a-company per day for two days. Is it actually herd behaviour then?
Thanks, Rajbury,
but I am still wondering. Yesterday and half of today the price was going continuously down and there was a huge amount of volume. But increase the volume, someone has to buy first and then sell. And by the price it looks that in the last two days everyone who bought and sold got no profit. Or am I missing something here? Was this share shorted then?
Sorry for the newbie questions, but could someone explain:
1. How somebody (MMs, PIs, etc.) makes profit from the price going down?
2. How does the process of pumping the share price up and then letting it into a free fall work to make profit?
I would appreciate comments from somebody experienced in share trading.
@Groover,
I do agree with the strategy that you laid down. But where is the guarantee that tomorrow will not be another -50% day? There is not. It is good if investing is just a hobby, but the people last week here were talking about buying houses after today's news, which they will obviously could not do anymore. Well, I am not a professional in this investment world, hence taking an advice on the strategies from the posts here.
Anyway, my guess is that this is the new reference price for VAL, isn't it?
@Groover, what is your suggestion? Better that profit than nothing at all. I still have some margin left until I go negative, but 50% drop in a day when almost 50% of the company traded... There must be some unwritten agreement between bigger traders. Why did they decide to loose their profits?
1. Who sold? Why?
2. Who bought? Why?
3. Almost half of company bought/sold in a day? By who?
4. What is next? It is hard to believe it can go down as the ones who bought today do not want to lose, do they?
Shorters buying back???
Is the target price 1p??? If yes, why so low?
It is a good point indeed. Last time I was in this stock it was at ~70 at the end of May and then in two weeks it got to ~130. However, it is highly shorted stock and those shorters were the ones who bought it then. Now it look that they are waiting for the price to go down even more as they are not buying it now. My assumption is that this behaviour may be related to soaring covid numbers that affect entire market.