I have searched high and low and no one has this reader in stock at £29.
Does anyone know of anywhere that has stock?

You are a month to late.

I tried to get one the day after they dropped the price and was to late.

I ordered one on the day they dropped in price and it took a week to come. If you put an order in online and they accept it then I suppose you would get it but you would have to wait a while.

Are they going to raise the price then or simply produce more stock?

Probably neither - at that price they will simply be dumping stock and not producing anymore.

I got one from Blackwells (online) last wednesday, arrived sat.

No more now of course.
-----------------------

According to this stock checking thingy:

http://stockinformer.co.uk/checker-nook-simple-touch

They are appearing from time to time in various online outlets, be quick though!