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People keep blaming our fall in share price on a big seller but maybe it is just the fact all miners are down?

It does make me wonder why all the miners are under performing however. Maybe less hype? Also makes me wonder if there is further to fall. Obviously we should be going up with bitcoin but if the share price was too high to begin with then that won't happen as smoothly.

We will probably spring forward by like 9% on the back of nothing like we have in the recent past on the way to previous 120p.

@Kevinl1977, if a 3% placing is still affecting the share price over a month after it took place then is sentiment ever going to return?

@Rocket79

I'm totally expecting those to be hyped to the moon only to disappoint when the traders sell on the news. But if we can maintain a higher bottom price after them all will be good. I'm kinda expecting this share to go back and forth between 105p and 125p until we get close to the June news and then you'll see a lot of new faces on this board.

"other mining stocks that actually go up when they should"

Do they? Then why am I sitting on a 10% loss with RIOT?

@growthinvestor20 It was confirmed by someone on here on 15th March that this seller had less than 3% left to sell. That is 11.5 million shares. We've had 19 trading days since then so he must be drip feeding about 600k per day. Is that really going to be enough to hold us back? 1.7 million shares were sold so far today for example. I suppose it is significant if buyers don't mop them all up.

Looks like those 100p stop losses were just hit.

I'm surprised they haven't taken out the 100p stops.

Problem is it still tracks the downward trend when BTC moves down so each time it moves back to 57k for example our share price is lower than the last time BTC hit that level.

The MMs must be sitting on a lot of sold shares from last week.

Vol. Sold 148,611
Sold Value £338.09k

Vol. Bought 1,744,800
Bought Value £4m

Way more bought than sold. For every buyer there is a seller.

Wasn't there like 900k more sold than bought on Friday? The MMs must have been sitting on shares over the weekend.

The price on Google keeps bouncing between 235p and 245p.

I would expect at least 250p at 60k BTC but there has to be strong demand for the shares for the price to go up that much.

Seems as soon as BTC hits 60k it gets knocked back under.

@TheProphet, you are correct. I shouldn't try to do maths early on a morning. 11.5m is significant over a few weeks in that case so I take back what I said.

However that still doesn't answer my question on his other 11% which is over 42 million shares. That should have hammered the share price surely?

People need to stop talking about Timmis.

If it has taken him the last 26 days to go through his last 3% and still has some to go then can anyone explain to me how long it took him to sell his other 11% and what happened to the share price during that time?

When will people stop saying this guy is still selling his last 3%? 3% is 1.15 million shares. 2.8 million were sold on Friday alone vs 2.1 million bought. 1.2 million over at least 26 days is starting to sound insignificant.

We went up about 4p last week. I would take another 4p next week and be happy. Slow and steady rise.

Let's hit £2.50 again first before worrying about £3.

When I first started investing I listened to them for about a week. Then I realised they keep flip-flopping between sell and buy and that actually they're the Daily Mail of websites that discuss stocks. So much clickbait. Next week they will be telling people to buy CINE after the price has gone up. No doubt new investors are their target audience, people who aren't sure what stocks to begin investing with.

At 61k I would expect 255p share price but I don't think we will open at that. I normally assume 5p per 1k in BTC movement with 50k at 200p base but we've been below that the past couple of days. Maybe people losing faith in bitcoin's bull run and selling. A new all time high might return faith.

Of course, bitcoin always drops on Sundays so unless it gets to 63k today I expect it to be under 60k on Monday.