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I think there is something else in the system. 12.32p to sell that is very high considering small sales were taking 11.6p recently and the online offer is 12.95p almost full offer. We all know it does not take much to flip the book in this stock
Well it's showing 0.45p bid but I have dummy tested my shares and it's 0.512p bid online miles higher and 0.588p to buy, maybe that 750k buy did the damage. Overall the mm's are short, they get the occasional help with a few mil sales
0.6-0.9p jeezus gets worse, early buyers already sold out by the looks of things. I cannot believe how long the company has gone without a update.
It was actually 0.9p bid earlier, they have dropped from 0.9p to 0.7p bid on no sales at all.
Now the mm's do what they do best, on no sales they drop the bid and up the offer 0.7-0.95p and a whopping spread.
They want the chasers to panic sell back to them for a huge profit
33% spread ? Spread is around 10-15% 0.8-0.9p when it comes out of auction
Not sure what is going on here today, maybe given the ponzi style of the markets this is a easy stock to spike on low volumes and people will jump aboard trying to get a quick buck. Up a whopping % yet most buyers this morning are still not in a profit. Overdue some kind of update
It does swing online from good to bad to good again. Unless the mm's got a ton of buying above 0.055p they were never going to bid much especially as somebody sold 2 lots of 3 mil at 0.051p to cancel out the buyers higher. The overhang is cleared now so it's back to pi v market makers and wide spreads again. And of course some will take a quick buck from buying sub 0.043p. I prefer to hold for a decent spike and when the herd are piling in I will pile out, hopefully with a triple digit % gain
No idea who the seller we have cleared is, bang on the money though around 30 million
http://www.trafalgarproperty.group/shareholder.html#shareholders