Interesting. The Institutions who put up the 11million (as well as the Open Offer investors) are now sitting on a 100% gain and still the SP marches on. I could have seen that as a get out point but clearly no mass selling.
There must be a hidden agenda with the Mine Workers and Coal people buying and I think I know what it is. SEO have obviously been working on a biodegradable pot, noodles are mined here in Wales, by the Mine Workers and so we will shortly be seeing an RNS that Pot Noodles will be supplied in pots manufactured by SEO. Well, who is going to argue with that bit of supposition?!
kim
Nice to SEO in at number 4 re risers, instead on in the fallers section.
Level 2 looks to be taking a breathing space.
I would think the next decent jump will be when the lunch break punters go on line and play catch up.
No point in guessing a closing price for the week.
Someone (wont name names) posted on a competitors thread yesterday that institutions had snapped up a huge volume at 138p, obviously meant 1.38p. If only.
The chase has stopped - expect we will see a bit of profit taking now. Also suspect a lot of day traders piled in this morning having watched it rise for 3 consecutive days.
My Guess (?) - a bit of recovery over lunch - then drift back to these levels or even a bit lower this afternon as day traders close their positions for the weekend.
IMO