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Ok thanks Showme, meaning it would be a large broker, who's had enough and wants out ?
So again excuse my ignorance, but how do the MM's manipulate the share price so much without some "agreement". ?
Or have I misunderstood that MM's are not the brokers ?
Thanks in advance, still learning......
'scuse my rookie ignorance...
MM's are brokers / banks ? - consortium ?
who collectively decide to sell off an agreed known quantity themselves to bring down the price, which in turn, scares the 'bedwetters' who sell to the brokers at a good low price for their funds and holding ?
They do this because they know the "real" value of the share, know what it can possibly achieve and effectively have a lot of confidence in its potential.
I assume they can only do it when there is no BIG news or SALES order, because SALES is what drives the market, not hearsay about what an excellent Life saving Treatment can do ?
Please let me know if I'm correct in my thinking on the above ?
I've been in here since March 30th - 6 months - have not sold a penny and unfortunately averaged UP, possibly at the wrong time, so now at 110pps, but with a nice, close on 25k share holding.
I still believe SNG will get there, patience and prudence. RM knows his business and they know they have a great product, that will treat many respiratory illnesses for many years to come.
Softly softly, catch the monkey, why rush, the world is waking up to interferon therapy and we're there.
The shop has this week opened for business and sales will start to trickle in, then the MM's will not be able to control our SP, like they have.
All imh inexperienced opinion - GL all you LTH's.!
RM knows his business.
Synairgen know their market.
They know, they have a good product.
They're not after a quick buck, even if he says time is of the essence.
This will be big, it might take some time, but the doubters will be proven wrong and the WORLD will be a safer place to live in again, with SNG001 as a treatment.
Believe; Trust; DYOR.
Synairgen haven't lost what they published to the world on 20th July, when every man and his dog, apart from Trump, but even Matt Han**** were talking about it.
Yes, they are small, but 15 years of work...it hasn't been proven to be ineffective in the last 5 weeks, has it!
In previous COPD trials and recent Covid19 Phase 2 trials it has obviously proved effective and safe. The number was small because that's what was required for Phase 2. The "trialathome" results may take a long time, but the innovative, forward thinking solution to providing a treatment in a safe environment is genius in these times.
RM has said they have a 'cluster' they are talking to, they are a data driven company, not a bs driven, social media frenzied group.
If we do not get a result or RNS before the end of August, it's not because the product, SNG001, has stopped working. It's because they have a lot on their plate, but I believe in them, nothing has changed !
I am a rookie and have over £22k of my own hard earned mullah in this company and still believe RM that it is "our time", I will not sell just because an over expected RNS may not drop today or tomorrow.
Patience and expectation management is key !...and a little bit of dyor.!
My first post and a complete rookie by comparison to a great many on this board. I only buy stock with my S&S Isa.
First bought SNG at end of March, looked positive, quickly shot up and thought yeay kerching!
Been following this BB since then and unfortunately not gifted enough to do my own research, so take leads and filter what I read here, which has been a mine of info, I have learned a huge amount.
I personally believe and hope from all I have "researched" that SNG will come up trumps, so am desperate to increase my holding, but do not want to expose myself anymore by putting in hard earned mullah, my average is currently 61.5pps.
Tomorrow I could sell some blue since early April, steady earners now up about 18%, giving me £6.5k to double up my holding and lower my average.
I would welcome other people's experienced opinions, to help me decide tonight and give me some impetus to try and get in at low 40's tomorrow.
I am sure I will get lots of responses with DYOR, yeah great, but honest opinions would be much appreciated.
I will probably not respond to anyone, if I even get a response to this, so thanks in advance.