bot value destroyer, page-4

Jojo,

I do not for one moment agree that bot selling is responsible for this sp. Imo this is probably buyers from the 65 cent placement cutting their losses with a vengence, perhaps they are even under margin pressure or just crystalising tax losses, and moving their cash to somewhere hotter.

I wasn't able to buy today, but got quite a few 43.5/44.5 past few days, and fortunately the relatively few above 50 quite diluted.

You can't destroy a cash backed stock like COE by driving the price down, as sp doesn't effect the underlying business, so imo best just to take the opportunity and buy more unless you see an even better bargain (or run out of cash like me). And it doesn't matter whether you are buying off a mindless bot, or off the chartist flock. I have to admit my few WSA largely dissapeared into funding more COE, and I have nothing more to sell atm, so many good stocks so hammered.

PATIENCE.

EL