So, most of you don't realise that 60-70% of the revenue of this company comes from adon which essentially sells bot traffic disguised as well as possible. This give the company huge turn over and profitable cash flow, they have had this for some time. This gives the company good investment cash to get hold of the next big thing....these guys have had a number of years as well as some aquisitions (generally companies that are big customer of adon) to try to produce some legit revenue...Dumb idiots up top off free revenue have failed to produce anything ground breaking...how long do they need to actually come up with a good idea???
For obvious reasons ( one of which I am at work ) I do not watch level 2 every minute of every day. I used to for days and was frightened to go out " in case i missed something " I often saw large orders on one side and sometimes these jumped over to the other side. I commented at the time. I do believe that trading was being done a couple of days ago as it looked like an algo sell. But I realised a while ago that sometimes what you see or what you think you see are two totally different things. It is also conceivable that RG is still looking to increase his stake and I am sure he wants to do it at the lowest possible price. We saw when he was first stake building a very quick hike in share price before dropping rapidly. When he has had his fill hopefully they will take off the brakes. Hopefully at some stage there will also be a squeeze.
Hey rusty.. My belief is most of the trades are just bogus MM trades.. Gving the impression of liquidity.. But there really isn't any, not for material sized trades anyway.. You notice the drop below 29 yesterday afternoon?? I put a few large sell trades in the low 29s and within minutes the bids dropped below 29 and then never really recovered.. Ive seen this lots of times with blnx where the trades vanish or move around you when u put in any decent size trade.. Tells me there is just Mm trading and blackboxes with only a very few real trades being executed. No real volume.. Usually i stay away from small caps for that reason.. Such a thin market. I tried a few slightly smaller trades again earlier today and again the indicated prices are just fantasy.. Maybe trades of a couple grand would be executed by MMs but the six figure trades just hang there with massive spreads..
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.