bad idea in my experience, the falsely raised SP allows it to drop further than it generally would at the lower price, 40p gives everyone a false sense of security and dropping to say 28-30p wouldnt seem too bad, but in reality that is 2.8p and we would be all quite upset if max went to 2.8p as it stands....i know in reality it doesnt really matter, but i feel its a perception thing, and we would drop more than we are doing at the moment on discoveries IMHO
Would be a good thing for the share price,as at 4p a share most traders/investors see it high risk ie a penny share but if we do consolidate at 40p many will see it as less of a risk then 4p i know it sounds crazy but thats how the markets work all about confidents and perception gla..
treeshake to knock out the stops to fill a large order or simply as the mm dont have enough stock on their books expect another so id advise to adjust any stops, especially in the morning when the spread can be huge. holdings rns in the coming weeks.
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