AFC @ Tradegate Germany9 Jan 2020 21:57
Hi All,
I am new to this chat; I am not a native speaker, so please apologise misspellings and unintended jokes.
There is a German fair called “Tradegate”, which is the largest German trading platform, after the FSE Xetra.
I was invested in H2, but did not know AFC at all until AFC was listed at Tradegate two months ago in November 2019. In my opinion, the Tradegate listing was the main reason for the boost and the peak in early November, as the peak happened only a few days after the listing,... the peak happened in the evening, when LSE was already closed for an hour or so.
Generally, it seems like most AFC shares are simply not for sale at all and there seems to be a number of traders selling AFC to each other and back again or even to themselves, just in order to get the price lower to re-enter or higher to get their depots green, while most bigger investors just don’t care at all and just keep their shares. Tradegate increased the number of traders instantly. In my eyes, therefore the price, which was the reason for the peak.
I bought a 100k at an average of 20.8ct “long” and I am still satisfied. According to AFC, I am looking at LSE since I am invested. I usually don’t care about the Tradegate sales at all… Who wanted to get in, is in, the price is still made in London. Normally, at Tradegate people only try to get their portfolio green (green = profit over here) by selling a few hundred or a thousand shares to themselves, right after LSE has closed and nobody cares. In my eyes, LSE is and remains the home and main market and usually the place to look at.
Today all seems to be different. People are buying bigger quantities, the later, the more, and currently there are quantities of a few times 25k, 30k or at last 94k for 0.228€, which is 19.38p.
Something seems to be happening.
All the best
André
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