RE: Over reaction29 Mar 2022 22:26
Whenever a seller in size, namely 25,000 on this occasion appears, the MMs really knock the price down. Normal market size is 2,000 so the MMs take advantage. On the other hand it only requires one big buy and the price rockets upwards!
There was some buying later in the afternoon but the overall turnover was not too high. News could hit at any time so like Dick, Jim and others I'm sitting tight until we hear that negotiations are in progress. I'll then be on the edge of my seat thinking that Christmas will be arriving early this year.