RE: Oh dear.8 Jun 2018 01:22
1. There are not twice as many sellers as buyers today
2. Not everything you see is what you believe - over this last week often the ask was sent from 30.5 to 31.5 but the 'real' buy price stayed about 30.38. When the ask moved to 31.5 this real buy price falls under the mid point and therefore shows as a sell, when in fact they were buys. Exchange does not report buy or sell, just a price transaction took place, reporting site places the tag on it using simple above or below mid price. Mid price can be skewed by widening spread.
3. if there was twice as many buys as sells, well why would the MMs keep taking the sells without dropping the price. In fact when MMs will happily take sells, then thats a good thing, its when they are shy to take them and tanking the price that you need to be more cautious.
4. It did not spike to 39p, shares do not go up in straight lines, there has been world market headwinds since Xmas, many shares have had a pull back from year end highs.
5. High possibility of Beaufort stock or client stock still being sold....SAV suffering from back ground selling too.
6. You are correct, MMs and inside players will always have one up on the retail.....HUM is not alone in this, just have to live with it or not invest in non sets controlled shares.