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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Beowulf Share Chat (BEM)



Share Price: 8.125Bid: 7.75Ask: 8.50Change: 0.50 (+6.56%)Riser - Beowulf
Spread: 0.75Spread as %: 9.68%Open: 7.625High: 8.25Low: 7.625Yesterday’s Close: 7.625


Share Discussion for Beowulf


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granite
Posts: 404
Off Topic
Opinion:No Opinion
Price:7.75
RE: Missed that one
12 Jan '17
Hi Suzy,
Well, what with the spread, if this recovers today, you've not missed out on anything, in fact you saved yourself the cost of the trades :o)
 
Suzy2
Posts: 4,926
Off Topic
Opinion:No Opinion
Price:7.75
Missed that one
12 Jan '17
But I expect there'll be a few more profit taking days. Feels very nervy on here recently as our date with destiny approaches. lol
ed44
Posts: 5,366
Observation
Opinion:No Opinion
Price:7.75
granite
12 Jan '17
i agree with you.

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'
granite
Posts: 404
Off Topic
Opinion:No Opinion
Price:7.625
This drop is not based on any news.
12 Jan '17
... or info , that I'm aware of. So just seems a common or garden tree shake, or some traders taking profits that being the case, I'd expect it to go back up in due course nut then I'm an optimist.
ed44
Posts: 5,366
Observation
Opinion:No Opinion
Price:7.50
OK Trades
12 Jan '17
Three big OK trades from earlier this morning have just been posted on our market and the trading balance is now positive. The MMs held them back, the sneaky little beggers.
ed44
Posts: 5,366
Observation
Opinion:No Opinion
Price:7.625
Correction
12 Jan '17
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.
mateyboy
Posts: 1,853
Observation
Opinion:No Opinion
Price:7.625
drop
12 Jan '17
doesnt take long for the gains to be lost, hey ho
googlebot
Posts: 1,172
Off Topic
Opinion:No Opinion
Price:7.875
RE: More Selling
12 Jan '17
But .86 right now. Who knows which way it will go.
Mixu
Posts: 21
Observation
Opinion:No Opinion
Price:7.875
More Selling
12 Jan '17
Aktie selling picking up momentum. Low of 0.815 hit after opening at 0.91
Subtle
Posts: 5,763
Off Topic
Opinion:No Opinion
Price:7.875
Eric/Aug/Mick
12 Jan '17
A month or two or three, the approval will change everything.

Profitsokare - yes he was a good old stick :)




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