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Lets not forget a couple weeks ago 8am in the morning this stock went from 4p to 1p within the first 15 mins, then few mins later sat around 3p.
Does not matter if its manipulation, most stocks do not do this kind of disgusting behaviour unless they are doing a raise or going bankrupt or have no assets/balance sheet issues.
Regardless of potential future with Heron or next week is big news or 12 months/18 months all this double and triple digits.
I cannot trust a stock that has been around 3p-7p last 5 months due to news or investor sentiment and then magically drops to 1p then goes back up again instantly like it was nothing in 15 mins.
Which is why I have a moderate investment and will not add more until I see RNS with positives, or i will wait for it to magically drop to 1p again and add more, do not say that was a one off, thats not normal!
Pls let everybody know when the SP drops to 1p - that'll be the day (when I for one will dig in deep).
BTW: Hasn't happened as long as I can remember.
@Ra11adw2
"I said it could to back to 1p-2p again short term, it went to 1p for 15 mins for no reason 8am few weeks ago, thats not normal for a stock thats been trading 3-7p last few months. "
It's easily explained by mm manipulation. Mms if they buy large quantities of stock will drive the price up against themselves. A way around this is to deliberately drop the price sharply under the cover of an RNS or some kind of news, so that they can hit as many stops as possible, and thereby purchase stock at rock bottom prices just before a strong move up. They have the advantage of seeing where the stops are placed - many people anyway tend to place them just below previous support levels. MMs are well aware of this fact. It's like taking candy off a child really - a guaranteed way of purchasing stock extremely cheaply, and the sharper the sudden marking down of the price the cheaper the stock they can buy, and the more of it they can buy without moving the price against themselves.
In fact it's not just AIM stocks such as MATD - even on charts of FTSE stocks you will see a sudden spike down on a bar chart like a reversed telegraph pole just before a strong move up. You see it with the various indices as well if you look at charts in pretty well any timeframe. I'm not sure how many people on here are into technical analysis - people only ever seem to talk about fundamentals and ' news. ' Looking at MATD in various timeframes on a bar chart or with candlesticks is quite interesting. IMO it's quite useful to do so, as this is the kind of thing that the short term traders - including the mms who trade their own accounts - are looking at.
Right now MATD's price action is dominated by what the mms do, and by the short term traders. You will never make proper sense of it until you can see this. Just be wary of what goes on in the event of any ' news' such as an RNS.
Thanks for that explanation Investor, i will be wary more and watching next RNS or news regarding Mms and everything else you stated regarding technicals and charts and candles.
Hamm: “If it is so bad WTF are you doing here?
Another stupid deramper.
Get lost.”
Hamm, you really are the biggest hypocrite I’ve ever come across on LSE. I posted multiple posts of yours from back in May where you were having a meltdown about MATD. Now you’re telling a poster who has concerns that he is a deramper and to get lost.
Dozzawba - here’s to hoping for those RNSs. We’re well due some sustained good news and SP reaction. The SP did fall the market day or two before V1 duster news. So who knows, perhaps today there’s been some positive news leaked and we’ll hear about it Monday.
Rampers, derampers, which is worst?
Neither is as bad as the flip/flop now I'm a ramper, now I'm a deramper Hamm the man.
Get some self respect?
Man emerged from the caves asking questions & with a need to know. When he blindly accepts everything without question, he will cease to advance.