No I said that there are still people operating in the city who are crooks and shisters. I didn't particularly accuse mm of that felony. Anyhow, this is getting boring now. I remain of the view that Infinis is good value at this level barring no more idiocies from Gideon and so we will see what they say re earnings, dividend and capex.
mm's actions, who can? especially when they just manipulated up but mainly down for their own ends, (as you indicate). That has been my viewpoint all along. Unlike you I stick to mine. Your're the one who calls them a load of shters then roll over and defend their actions.
(Strong buy when the mm's decide or made to act correctly for the good of all not just themselves and those associated.).
Think i have learn't a bit about the market from Infinis Share manipulation. As a PI we have no way of knowing when a MM decides to manipulate the SP down for their own interest. One would need to be in the Deli in Canary wharf when the MM announces to his chums he is doing a raid on Infi this afternoon !!
Erm its not manipulation! If a mm buys say 5000 shares at say 78p and has a buy order at 79p for say 500k shares he can take the stock on the book and aggregate a raft of other smaller orders to fill the big one. Or he can keep his book level by selling on the shares he bought at 78p at 79p say to keep his book level. But that is day to day trading and the mm will have a P&L that he will have to make money from which is the spread between the buy and sell. He wont risk capital buying at 78p in the vague hope he can flip out at 79p. That is ridiculous. You clearly don't understand the city, you certainly don't understand how to value a share and you clearly shouldn't be allowed to risk your own capital. Give it to someone else to manage before its too late.
own words ""They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS"". What is this if not manipulation!!!!?
I don't agree with you at all. MM have risk capital to deploy. They wont take a large position in a stock like Infinis that unless they are working a large order perhaps. You seem to fail to understand why Infinis has fallen. It is not because some scheming Machiavellian market maker has it in for you and all other private investors. The dividend is not going to support a share if it loses 10-15% of its eps the day before it goes xd. It just isn't. The simple reason why Infinis has lost 20-25% of its value is because it has lost tangible equity value being the discounted flow of future cashflows from the LEC plus a slightly more intangible additional amount for the uncertainty of what the Government might do next. It was the same for Drax but the strategic review news has helped that share recover some of its losses. I simply don't know why you are sticking to some ridiculous conspiracy theory around the market makers. That has nothing at all to do with it. So I don't agree with you. At all. Sell the baloney that is RBS and buy back into Infinis.
"They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS". mm's do manipulate then.
Furthermore, dividends are the lifeblood of many ii's.
And No good you trying to joke saying "You can't just read off LSE or III or another delayed service", as the 5 buys to 1 sell was at the end of the day. So we cant trust anyone, is that it? Obvious I could take a few lessons from you about being obsessed, that's for sure. (Strong buy if the mm's do the job as they signed up to do).
What has an xd got to do with it? You don't think institutions or books will give much of a stuff about dividends if the company is about to lose 10% of its earnings? That really is demonstrating financial illiteracy! You don't have Bloomberg and you can't see the proper trades. You don't (and I dont) know what the mm are doing with their books. They might be working a large institutional trade or might be keeping their books level at all costs as they don't want to get caught with stock if there is an RNS. You can't just read off LSE or III or another delayed service and extrapolate what is going on. Over time a share price is the result of discounted cash to equity. That's it period! Focus on that instead of obsessing about the supposed injustices of mm. You might make some money, you never know!
It is certainly crazy that despite 5 to 1 more buys than sells the SP goes down 18% inside of one afternoon on July 8th despite there being a pending 12.2p 6% dividend the very next day. The mm's took full advantage of the news that the LEC issue, (that affected Drax & Infinis alike), and dropped the SP's regardless of the next day dividend and the 5 to 1 more buys than sells. Therefore it is obvious to normal people that mm's alone were the factor of Infinis's SP downward movement on that day. (Parki,"Nova". Is a loss of sense of humour synonymous with being obsessed with siding with mm's so much?).
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