Member Info for Codejunkie

Avacta is cheap as chips, considering what it holds.

However, you can see why people are hesitant buying after yesterdays disgraceful market raid.

Marekt makers are businesses and earn from the spread, so they can adjust to suit.

When you ask for a quote, your broker is beholden to give you the best Bid/Ask from the MM's that they work with. This is called the Touch - the MM are all working in competition with eachother for transactions and are not supposed to be linked in any way (wink wink, yeah right)

it is open to 'adjustment'....provable, no

because its not stricly illegal and how do you prove it?

They are price setters, as someone said earlier. They can just say that s what the market thought it was worth...done.

A lot of people think the market is managed by Algo, but its not. Its teams sat watching the market price adjusting with keyboards...how 1980!
This is why when people moan that the market has moved without volume up or down and can't understand it. They can set to pretty much what they want and keep adjusting to try and get max transactions to earn max spread cash. They dont actually care about the price, they just try to hit the sweet spot to get most buys and sells.

Its crap, but its the way it is

this is all true. But if the the Market Makers - which in some cases are Brokers also (IG, for example) get the chance of a big order at a lower price, there is nothing stopping them adjusting to fit. They can even take extra for a short term long position and thats allowed.
They are supposed to run an orderly market and they dont. Have a look at the Avacta Prints, for example, from today. They woul just lop big chunks off the pricing and, low and behold, delayed orders filled at the end of the day. Avacta is a good example as there are a lot of nervy investors at the minute - for whatever reason.
At the end of the day, if they can get the spread on a few million shares they will flex to do it - its like a business giving discount - pull the price, people panic sell and they fill the order. However, its different in that there are many thousands of customers seeing it happen.

You have to accept it or just go and do something more safe with your money...its how it is.

you need to put your big boy pants on and stick it out like everyone else.
The Chief Exec is there to run the company not manage investors who can't hold their water. Whilst he is responsible for running the company, he's not responsible for short term swings. You're in AIM, short term swings are part of the deal.

Look at ARB - 3 quid to 120 in the space of months - they aren't calling for the CEO's head. Its because they understand where its going.
If you did, you'd turn off and come back in a couple of months the the Market Makers have made enough for their next dope fix and we can all get on.

Part of the reason for no communication is because they probably know they will get slaughtered unless its exactly what the market wants. Yesterdays RNS was a major milestone - change of about 1p

grow up FFS

being fair, he's got a right to say what he wants. He is a c*ck and he just spits out the same crap in every post.

Being a c*ck or having a difference of opinion is not really reportable. People should just filter him and not give him air to breath, he'd just b*gger off then. I've filtered him ages ago.
If you want to ask him a question, ask him why he's still here. He never answers, probably because he's not invested.

Just filter him

like the theory, but these drops are done on no volume - whihc , in my book, make them Market Maker related. Unless of course, you're right in that an II has dropped their holding on the market to sell and that s why the bid is so low .. to create a buying scenario...

who knows. What I do know is that what AVACTA has is worth far more than the 110p its currently sat at...and I'm an extremely patient man. I have a holding which I bought a long time ago and I'm not increasing or selling. Its just there. So they can ramp it up or down, I don't give a crap. The end game is all I'm interested in...

Madness..

why would you take over a company until their major cashcow platform has results ? its all risk and unknown reward

My opinion, not that that counts for much, is just opportunistic in the market. Yesterday they battered Helium 1, today its ABDX, AVCT. They think they know that investor will bag a bargain, thats all well and good but when you do this too many times...as they have... the interest wains
Today there has been 765 buy/sells, thats including the 3-4 raids they've done today. They are doing nothing but devaluing the market and its mainly aimed at the Retail market as II's don't really care that much on day to day.

when its managed by a bunch of coke heads who get bonuses based on trade volume, this is what you get.
The market is very slow at the minute and they do this to drum up trade. Devalues everyones investment, but this is the game we are in.
Should buy them a hooker or two with what they have grifted today

I have no problem at all buying on IG...think you need to change broker

someone is searching for stops.....

that air raid sirens aren't going off today. As I've said previously, this lot couldn't run a bath let alone a market...orderly market, my ass.

MArket needs to sort itself out before the companies do. Lopping 5p off a bid for no reason is just b*ll*cks

@homtanks

Whats up did you buy high and thought you'd make a fast buck with your 20 posts, all sl*gging off NCYT and AVCT. You're not a very good deramper are you?
I'd take up knitting if I was you

t*sser

Conifer did a hair cut on multiple investments not just Avacta, at the time. Funds do housekeeping like this from time to time, plus if they are below 3pc they can do whet they like when they like. If they thought Avacta was boll*cks they would have just sold the lot in one go.

People are making far too much of why Confier sold down and the CEO sold a small portion to buy a house. You need to get a grip, this is investing on AIM where the market can basically do what the f*ck it likes.
Get a grip or sell up and invest in a FTSE tracker

Its a raid!!!!! :-)

Earlier on today I did a dummy sell and it wouldn't let me and then this raid happened. I would guess there is a worked sell going on

These are low volume trading days. Shock drops are to drum up trade...

Market Makers can't make a buck unless they have transactions. When no on responds they just keep dropping until it does.

"Sticky Socks" should stick to outing people on the web with his misinformed bullsh*t

I think it's stuck in auction

Mine is as well

...but 116 trades in the first hour

it shows how bad the market is run. Investors aren't going to pay todays price when the Market gimps could just manufacture a drop out of nowhere. AIM may be wild west, but even the Wild West had rules.....

The company has massive potential, but the market would rather play nice with Bitcoin and other pointless crap.