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"Surely someone or something (AI?) must trigger the algos + whether the "news" is +ve or -ve."
They may be some kind of algo trading going on, but I think it's also a case of some investors thinking we were there and buying in, and then perhaps realising we're not and swelling out. As said before, we've been here quite literally countless times with MATD, and only when a barrel of oil is filled and cash having transferred hands will I be confident we really are there.
Researchandhold said //BP is like a stain on humanity//
Surely someone or something (AI?) must trigger the algos + whether the "news" is +ve or -ve.
I hate shorting too
but yeah Michu trading is the best way on AIM, even when you are a believer and interested in it for the long term
you get an idea of when the placings or good news is coming and buy more / sell as relevant to build up your holding
4 times I have bought under 3p and sold into the rises. Still interested in long term outlook but am in a much better position than if I had just bought in and sat on my hands all that time
The activists are at the local council office. They’ve just been kicked out. She is going on about PM
Master82 - see my post below about what really drivers short term price action and the sudden spikes followed by sharp pullbacks. It's nothing to do with the way that the RNS was written.
The worst Management I’ve known. Turns a good news in to bad. Do they have motives to keep the price low.
Keeps their shareholders in dark. If we didn’t do our own research they would be hiding so much from shareholders.
MB what are your motives
The guys with the least tick ups are often the guys who make the most money in this - brutal - game , alas ( I don’t short but those who do on the cesspit this is AIM must, on average, do better than buy and hold , sadly .. I do actively range trade though .. to give myself even half a chance )
Re short term price movements, I'm not sure how much people realise that most trading these days is algo driven, in other words computers make trading decisions according to the algos with which they have been programmed. Algos are a series of stages, so if x happens then you need to do Y etc.
I watch small cap Nasdaq stocks most days which are high % gainers on the day with very high volume because news to do with that company has just been released. When the news comes out then you often see in the charts several huge green candles with very high volume when the market opens. This is because the computers have registered the news, and are programmed to jump in immediately. So volume ( shares changing hands ) goes through the roof for a short while. Then when certain levels have been reached ( resistance levels etc ) or certain % gains made, the algos trigger sell orders en masse. So the spike is over, and the price levels fall back quite sharply with so much sudden supply flooding the market.
The same kind of thing happens with UK shares. If you take last Friday, when the news hit, half hour volume went up from about 0.2 m soon after the market opened, to 4.85m when the RNS was released, and the algos had therefore just kicked in. By 3pm on Friday the volume had fallen back to around 0.2m. Total volume on Friday was 18.5m and yesterday it was 3.7m. Today so far it's about 0.5m.
Trying to understand short term price action without paying any attention to volume is a bit like trying to fly a plane without instruments. Of course yesterday and today you will hear people saying ' oh, the market isn't convinced, as there are still hitches with the Special Purpose Certification etc.' The reality though is that the sharp spikes followed by sharp pullbacks are caused by algo driven short term trading/scalping which kick in typically when there is some kind of news, so that a particular share registers on that day as a high % gainer on abnormally high volume.
That is aim for you
if you are not trading - you are losing
NicetoMichu - I guess for some people the truth hurts!
22 V 7 likes!
While traders are the winners again.
18 likes and counting even …
Not to worry, you got 5 likes back, doc .. and there’s no way you have six different logins here .. three tops ..so only two of the five from yourself .. so it’s not that you have no friends here, in fairness
Whilst obviously the Governor would never be a party to bribery, sometimes his actions appear to be similar to a man who has not yet received all he expects to receive.
I am sure there is a more than solid reason for his delaying tactics of which small shareholders are not aware. As Governor he is obviously taking the utmost care to look after his area of responsibility for the benefit of the population
14 likes for this berk?! Come on guys, have a word with yourselves.
This dornod guvnor is a bit like doc83, no matter what he will try his best to spoil the party
Too much noise from activists today/recently mentioning MATD specificly means we should get the final good news soon.
Bear in mind activists aren't the ones who run the country. The so called activists are there to make money themselves, that is their job, just to be against regardless. I can assure you if tomorrow MG decided to be against oil, activists would be pro oil, just to be against anything anyway. The so called activists were running big cars themselves and recently asking for help to get free petrol!
Aeschylus - that is definitely my concern! This governor has done everything he can to stop us from progressing. I don’t think he’ll roll over and give up just yet.
Researchandhold said //BP is like a stain on humanity//
Criticising spelling & punctuation is usually a sign of having lost the argument!
Investor i see you still have your priorities straight.
Lost cause good luck
Pro ; if you don't know the difference yet between ' were ' and ' where ' then I'm unlikely to ever bother listening to what you say about stock market investment or trading. You can't even put the cap lock on and off without frequent errors when you write.
Pro - you are as much a professional trader as I am a professional flower arranger.
Investor cut the crap.
You say you only own 800k+ shares.
You say you know this is it
If i where you i would buy buy buy... what is holding you up? No conviction or no money?
Pro ; according to a chart I have just looked at, peak half hour volume on Friday was 4.8m, whereas today the peak volume which was at around 8.30am was 1.42m, with most of the half hour volume today being around the 0.15m mark.
Don't you know that when the volume is very low the share price is taken lower by the MMs ?
Doc. Possibly because they expect the governor to try and stymie things. I'm not sure what exactly. Maybe stir up the activists? or try and find a loophole in their mad laws? Judicial review? Who knows! but I think that's what the company is alluding to with its caution.
Investor you like to write about but not take advantage of it.
I do the opposite.