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22/09/23
14:09
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Originally posted by RhysT:
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To me it looks like the market is aware that some pretty large domino announcements are due sometime soon, so no one is wanting to play the usual games and miss out. May get a spot of accumulation as investors find cash to keep backing TMT at the low price, and the odd sell of someone needing extra cash for the kid's holidays, but looks like everyone has taken their position and waiting for what comes next. I'm actually curious of and not entirely sure what impact EPA approval will have on the share price when released. It's a huge domino, but we have seen so many times before what seems like a great announement and the share price holds just long enough for a few people to decide it mustn't be the market mover they hoped for and we end up getting more selling than buying on the back of good news.. It wouldn't shock me honestly. But given the process is so lengthy to get an EPA tick these days, it has to count for something to have it checked off finally.
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It's going on for three weeks now. As if there was constantly some selling of several people, but someone was picking up everything he can get around 0.29 Doesn't look normal for sure.