For newbies. So all others can ignore this post13 Sep 2020 13:37
We see by H&L figures there has been a 100% increase in opening accounts and with SYME being one of the highest share it is important to understand the relationship with Institutional investors, those buying direct. The Mm’s and retail (eg us)
Since the last RNS I have posted at length about direct and indirect holdings, till peeps here are sick of me, yesterday I touched on our service, the end to end possibilities from a manufacturing perspective and how many times a company will return to use the service.
So, why is the SP falling
All that is to do with Institutions buying how they buy and how MM manipulate the market.
Again, All in my humble opinion and happy to be corrected.
From an Institutional investor (ii) point of view, just like a MM they don’t care about us, The retail. As long as they get their shares, ii talk in percentage owned not how much millions of shares they own. Currently one has just under 4% as only 2.7% has been declared in a indirect Holding but in a JV with AZ. They won’t blink twice if you bought at 0.8p and sold at 0.5p. They don care if your PF looks like road kill or your profits are vanishing.
We (the retail) buy via online trading companies, ii’s place orders with the mm’s directly
Always lower than the actual sp. the mm’s need to full that order, if the MM fails he loses business with the ii. The last thing he wants.
How does the mm manipulate the market
The mm’s have an order they need filled, they move the bid (sells) on very little value of sells. This week they were moving it on sells on £500 of total sells
They then don’t move the the price when the buys (ask) come in.
They will play bout with the spread. Each morning they will raise the sp first thing drop it quickly and watch you panic sell. They will of course raise it mid session then drop it gain once they Have entice sellers Who trade
For this we will take one example Friday afternoon trading for example.
In the pm we seen pages and pages of buys. A respected poster her (applegarth) said watch this pop, and he would should of been right.
But what happened was the buys went through at all the same price 0.5014p, I think.
Ok most were small but even with accumulation value the sp didn’t even rise one thousandth of a penny. So the mm was soaking it up.
From a sale side they were dropping the sells (the bid) on very little sells.
Remember the MM can’t have shares on his book, of course he can keep them in client account until the order is filled but he can’t hold stock.
This is what I think happened on friday afternoon
I noticed a few transactions of £7250, quite a few. Seemed a strange one as you would normally sell in larger blocks and have less transactions.
But of your wanting to influence the bid, and they were, that is how you do it. It’s a MM reselling the buys from above back to the market to “square’ his book.
Trust no one, including me, hold and read and read 10th RNS over and over
Over and out
Sign In
Follow the stocks
