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I'm confused now cherryburn, in 21:09 you say perhaps you've been shorting this, which makes sense given your attitude, and then in 21:18 you disparage everything and hope we're all fine, not admittedly inconsistent with also enforcing a short on it, but a little bit devious given that if you are the price will inevitably push us further to not being fine.
IG says 2% of those it has got in KEFI are short (works out to 5 or 6 people). Hence an eagerness by the punters to push it down to keep those CFD/spreadbets from breaking them. Unlike Spreadex, IG doesn't seem usually to bother to take a counter-position to hedge, on the grounds that (as they warn in their banners) roughly 71% of their CFD/spread customers lose money so they rarely have to bother. But, they could always be convinced to change their mind.
Indeed they sold through my own position when I wasn't looking. I did think I could have put it a bit lower down, but I wanted it to be likely to be filled today. Let's hope people learnt not to set the stops on this one.
It's just technical trading, of a sort. They seem to be aiming for low 0.5s or even 0.4s again. Indeed, without volume against them *in the book* there's no particular limit. Currently there seems to be a marker at 0.58. There's enough below 0.59 to slow them down except that those orders typically slide out of the way, especially the MM bots.
"Or they were more then happy to pay it :)"
And so they should. I assume that fairly soon the brokers will step in and work it up to enable the warrants, since that's an important chunk of cash for KEFI. If periodic intra-day RNS appear the ones manipulating it down for a short or swing trade might be caught out often enough they'll look for easier pickings elsewhere.
"The Conspiracy Theorist would also argue that the MMs are playing their usual games... "
The MMs don't normally manage a SETS share, indeed generally keep out of the way (follow the trend) unless they want something.
"Not sure if its placing dump thats being cleared though"
It doesn't matter all that much: excluding the bucket shops, some of the placing people stuck above 0.8 (ie, they didn't want to sell below that) will actually now go long. Could do with some sustained volume to defeat the shorting bots, now that they've got the measure of the book. Slightly tempted to start a gofundme to build a fund to do that.