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.
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.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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.