This morning has been a masterclass on how to create an opportunity out of thin air:
1. Positive announcement released (and it was a positive despite the negative sentiment above)
2. Sell low - confusing and scaring retail
3. Feed that fear with downramping on the likes of HC - good clue is you haven't seen most of these DR posters before today
4. Retail panics - understandably as the SP movement is contrary to expectations
5. Buy up low in bigger quantities than sold, and then hold and wait for 2024
End result - position increased at a good discount (approx 25%)
We won't know who is behind this until next week when we will sell the brokers positions summary where it will be obvious.
Total shares moved this morning less than 20M so far, against SOI of over 1B = < 2%
Good to see the vast majority of holders held tight and not panic.
Not fun to be part of but interesting to watch this happen in real time.
"Hold on while this drags you in your small little boat"
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