garyn
20 Feb '13
like wolf with sheep - it shd not be allowed lol
as nh said, easy money...just i don't have cojones to short
garynPosts: 24,872
Observation
| Opinion: | No Opinion |
| Price: | 5.45 |
DaJo
20 Feb '13
The movements here have been nothing to do with the MMs, who've been sat back well down the book and letting the action happen. This is a SETS share so not controlled by the MMs like a SEAQ one, and plenty of us have DMA accounts! The rise this morning was engineered, could have done similar myself if I'd wanted to!
DaJoPosts: 477
Off Topic
| Opinion: | No Opinion |
| Price: | 5.45 |
Level 2 turning nicely
20 Feb '13
This will be back up shortly - nicely timed shake by the MMs.
o/t long punters here
20 Feb '13
for cheeky recovery play check out mwe - results today make interesting reading
all opinion only / DYOR/ not investment advice, of course!!
BonusPosts: 4,507
Off Topic
| Opinion: | No Opinion |
| Price: | 5.45 |
garyn
20 Feb '13
22- You were right, I was wrong. GL
garynPosts: 24,872
Observation
| Opinion: | No Opinion |
| Price: | 5.45 |
orders on the book
20 Feb '13
If the 100k and 250k at 5.25 turn out to be ghosts that isn't going to help hold it up either, suspect they are orders placed by whoever caused the rise and is selling into it, you need to try and prop the bid up to some extent as well whilst you do it!
RE: Tall Chap
20 Feb '13
best guess: down to 3.xp by end of week imv....but this is an AIM tiddler...anything can happen
all opinion only of course
(& I haven't even got a short on it tant pis)
garynPosts: 24,872
Observation
| Opinion: | No Opinion |
| Price: | 5.45 |
jollyspeculator
20 Feb '13
Definitely was a stroke of luck, although would have been stopped out on open and likely would have recouped the loss now anyway. Always hard to tell how far up they'll take it, but that selling into the rise this morning was what made me very confident and ended up shorting a larger amount than i was trying yesterday anyway (still not a fortune as wouldn't risk a lot on an AIM short!). ATB.
well done, garyn
20 Feb '13
lucky break IG not allowing you to short at 5p last night lol
best of luck here & elsewhere
garynPosts: 24,872
Observation
| Opinion: | No Opinion |
| Price: | 5.50 |
Nighthawk
20 Feb '13
This seems to be one of their favourites for doing it, although haven't seen it happen here for a while (mainly because you need some news or expectation of news to help get it going). Seems to me that a bit of hype around news coupled with some quick bursts of 'a' trades to wipe out the ask are enough to get it going and it snowballs from there, then you carefully sell into the rise. Works better here than most due to the number of shares in issue and can move it on very little (to wipe 1 million shares off of the ask in total at 5p you'd only need £12.5k in your DMA account), although they probably have to be a bit more careful selling into the rise than they do elsewhere. I could be wrong, but that is my reading of how they generate these rises. ATB.