Well as a purely technical term, markets are all being manipulated by one means or another but no I'm not saying they are being manipulated in an illegal way. It's within their remit when creating volume/risk etc a bit like spread betters have, if you read their T&C*. The MMs supply the market with liquidity but they also act in their interest (not the pi) and set prices accordingly. This will be around what they know of the market, what might be coming up and obviously… Read More
If Nastid and others are suggesting that the market is being manipulated then this is a very serious allegation which should be pursued through formal channels. Anyone on this forum who believes this to be the case and who may have firm evidence to support this claim should say so so that it can be collected centrally for submission. As shareholders we are much more powerful if we act collectively.
And to add to this, the underlying market is much improved, supply and demand is stabilising with stronger interest from buyers, especially as they see crude prices recovering.
So my only real concern right now, is that the share price is being managed to a point where the private investor stands to lose but if taken privately, is picked up cheaply and then benefits from the recovery.
They've (MMs) got a game plan and it isn't in the best interests of the private holders.
Ever since just before the final year results, which they would've pretty much known about, they have tightened the spread dramatically. As I see it, the final results painted a picture of improvement, albeit not near previous lofty ambitions.
So I ask myself why would they want to bear down on buys but conduct price action to facilitate sells.
Separate note, I understand Chris has a different… Read More
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