RE: Starting to tick up buy price30 Jun 2026 18:40
Hi Porters1,
Re Jaspers claim regards WINS.
If he's even seen anything to support the notion, i suspect its a misunderstanding of how the order book works, and a fundamental misreading of what such activity would imply in any event.
Is this the same guy who was on about IG and leverage trading the other day?
FYI, Winterflood aren’t in the business of looking at PRD and thinking, "Let's open a massive speculative short".
Any actual sell side bias on Level 2 is just routine market making. Perhaps them managing intraday liquidity during a negative flow, or hedging a clients block trade to protect their balance sheet.
Obvs there isn't a volume spike to contend with, and warrant arbitrage isn't possible at this price. He's probs just misreading L2 data, i wouldn't pay much attention to it.
Presume this is being used to account for the SP, rather than accept the SP reflects the lack of progress?