Member Info for deepjoy

next Weds the FT100 index re-rates and harbour is likely to drop out of it with the associated re-callibration of tracker fund holdings.Anyone worried? It gapped up alot when it entered the FT100 in August. Just a thought.

Just sit on my backside and wait is my strategy now.. let the churn happen :)

you are a clown sharebel and I petty those take any notice of your posts. have good day

You really write some rubbish... it is lower volumes that cause the market makers to shift the price and spread to keep an orderly market. Their job is to match buyers and sellers, and manage their exposure risk, not manipulate the share price as they would lose commission doing it and cripple their own business model.
The volumes are down, there are lower highs and lower lows and so they manage the risk accordingly.

well I am buying ... firs time in years I've bought energy shares ..

context news - 'Oil prices tumbled more than 5% on Monday, with WTI crude futures falling to below $76 per barrel, closing in on its lowest level this year after The Wall Street Journal reported that Saudi Arabia and other OPEC producers are discussing an increase in crude production. The report suggested that an increase of up to 500,000 barrels per day is under discussion for OPEC+’s December 4 meeting.' source - trading economics

MM's keep dropping the bid on nothing to encourage selling. Tired of the false book so going to have a long weekend. Hold tight all they are just playing games with the SP again. :)

I think it was the opposite Stace price being propped up with those multiple small 10.5p buys .. I thought it was weird. Back to the bottom drawer it goes for me. Price is stupid but whole market looks shaky now FFS!

grim.. another good day wasted.

its a false spread and all the buys today are under the mid price pretty much (some well under). Lots of buys and any large sells have yet to be reported..after hours reported trade prints will help determine what is going on.

something very fishy going on the with the SP for the past hour..check the trades tab for multiple 10.5 purchases adding up to a few hundred quid. Any ideas why the offer is being propped up like this ?

https://twitter.com/shanta_gold/status/1593207542188240898

just gives us more confidence that this is undervalued that's for sure

Using a simple metaphor the tide has been going out all year on this whereas the underlying current (news) remains positive. Usually it's a self fulfilling prophecy whereby retail pile in on any good news; it gets sold into and thereafter retail sell out in frustration hence the SP moves down. Increasingly any form of rise is now sold into by retail as people anticipate the larger market reaction.
The way I see this is it has to be longer term hold and waiting for the underlying tide to turn then, and only then will there be great returns in a short time frame. I got frustrated after nine months before and held through three spikes and falls, my only mistake was patience; holding regardless for the longer term and so this is my lesson learnt.
The price is likely to dip as volumes fall but with the spread it is not worth trading it. Gold is cooling off as it should do after a decent rise but my hypothesis is that it will really start to motor again in the next few weeks.
I don't know when the background selling will stop as we have no TR1s to work on, so I presume these are large holders under the threshold. I have just under 1 million shares and cannot sell them easily but it shows my conviction at this time. If it falls I will do nothing; just hold. GLA

For what it is worth it has been like this all year. The problem, I suspect is block orders on the book that either are visible on level 2 or run through dark pools. The MM;s don't let the spread run like other companies with this volume and I suspect they allow the quoted spread to manage risk as and when these order come through. The liquidity here is usually a problem for large holders and if they need to buy/sell they have to do it on the QT into volumes which, are days far and few between normally. There are 1 billion shares in issue and some own 10's of millions. The bid tends to jump about on small volumes whereas the ask stays wide out. That's my take on how the MM;s manage this so I they anticipate orders through dark pools without seeing the sizes.. I could well be completely wrong as we haven't seen many after hours prints lately but this volume should flush it out later.. Just a view

That is incorrect Mr Bond. The NAV was 12p 6 months ago despite the broker price being 30p. It is all down to sentiment and the emulsion debacle last year but that is changing and the market will catch up very soon.

100% agree Noel.. this is a steady but bumpy share to be in and should do well. The quoted spread is a disgrace on these volumes !!really frustrates me that it is so wide when the real market is far tighter...MMs are criminal in this .

this will churn out the remaining rainbow chasers from the last few weeks and we can move forwards. Glad gold price is taking a break before a next move. The background for gold now is compelling with deflationary environment, easing bond yields and weakening dollar.. 90% of my PF is in Gold related investments and a large proportion of that is in here. GLA

one word - phew !!!! we need this here atm. :)

got it now thanks