Small corrections during a rise are normal but there is currently no reason for a big drop in SP. The MMs want to make money and they cannot if there are no shares to trade. Shortly after the market . opened the SP plummeted for no obvious reason and the MMs got what they wanted, lots of shares shaken loose
The Aktie SP went as low as 0.82, but has recovered to 0.865. I think that the next move will be to 0.875 as there are lots of sell orders ready to trigger. As they used to say on the tele 'Normal service will be resumed as soon as possible'
I did say yesterday that there was a correction due, here it is. It's taken me a long time to work out how the Aktie functions but I've got it now.. The MMs have been playing it this morning like an old banjo.
I've been watching the order book all morning. They've been triggering one sell order after another. The reason for this is that they are desperately short of stock.
Our MMs followed the down trend and triggered lots of sells. I think we'll see buys start going through now that the two markets have a few shares to play with.
On the Aktie order book there are big sell orders from 0.865 to 0.880. Think we see them triggered soon and then things should settle down a bit.
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