RE: I've always said5 Sep 2019 15:42
Talking about frenzy milli
As of Tuesday September 11th 2019, there will only be 18 trading days left till a possible threat of suspension. If you were a T20 trader that leaves you unemployed! Since you would be looking at the maximum days you get away with a trade you would be pushing 18 days to settle. As days pass further then even the smallest trader will stay clear, you know the ones who buy to sell 2 hours later?
Given buying has all but dried up with the odd buy coming (risky what with knowledge of a possible suspension), you will get more and desperate sellers adding to the book trying to get out. As the days get closer to suspension they will be taking any price to get unloaded. You still need to find the buyers though and the MM will not want to be holding on his books. They will keep dropping till they find them. They will shut down selling only if you are willing to take a hit! It will be dire! It will be ‘turn your screen off time!’ it will be….(needle scratches across the vinyl record!)……WAIT!
When news hit and suspension is no longer even a thought, the sellers will immediately pull off the books all their stock and hold tight, buyers will enter and will enter and will enter and be crawling over each other with wads of cash urging the MM, “TAKE MY MONEY!”…but hang on the MM now has to go find that stock, and that’s when the fun really begins. Price will keep rising and buy hit the book UNTIL finally the weak sellers, those happy for a few percentage sell. Nobody knows when the feeding frenzy will end, it could just keep going higher and higher.
You see where I am going with this? The brave will be rewarded. The pot noodle diet will end as quick as it started!