I think everyone’s over complicated the last two days and today. It’s really simple:
Monday , Tuesday:
Went up because MSVI rebalance with around 100m shares to be sold to them in Friday auction. Loads of buying = price rise. Was around 150m shares traded so Vaneck shares largely purchased for trade Friday.
Wednesday morning:
Capital raise shares at 50c 150m shares have restrictions lifted for trading. Some participants execute a sell for a quick 30-40% profit. Selling pressure = price falls.
My predictions, albeit I have no idea
Wednesday afternoon:
Selling pressure from CR should dry up, potential bounce from around 65c.
Thursday and Friday:
Shares run back up ahead of a late MSVI trade at 75c+.
just my guesses. For me there is no manipulation, just a simple rise on MSVI and fall on CR.
Let’s see how the week ends.
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