So... faced with the prospect of a 90% capital loss, or a total capital loss, I think I'll hold on. Truthfully I was expecting a bounce today after yesterday's drop but obviously I was wrong (like my investment decision in CCC has turned out to be!) First lesson is never trust OKAP again.
Anyway, 8m+ shares have traded today, which means someone is buying in a sizeable volume. Can anyone tell who? Downside, any chance you're reading this and can shed some light for us please?
Are we poised to see the emergence of a major/opportunistic shareholder who is sucking up all of the dumped stock? I'd hazard to guess that the majority of selling is coming from retail brokers?
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