Member Info for ericnat17

We have had a pretty large percentage ride up over the last few weeks.

People have different exit strategies.

One thing to note is the SP did not move…. No MM moved. 2 months ago we would have been down 10%. Not today.

All looking good.

Let’s not get ahead with the schedule…..we are expecting news before the end of the month. If it comes a little earlier or a little later then it does not matter too much. But I think expectations on the timeline line are running a bit optimistic. This is a billion dollar deal….there will be unforeseen elements to the closing. Let h to hem get on with it. Either the gold price where it is they all want to get it over the line.

A nice bit of consolidation around this level would be good before the next leg up.

I posted a positive aspect that we had a large order on the Bid. That is someone wanting to acquire shares at an increased level. They were bidding for shares and willing to buy.

Would you rather we had a large order on the ask. That would be someone willing to sell a big chunk (not good news)

So you can only judge the future state of the market by looking at what people are willing to buy at (bid) or willing to sell at (ask). The deal is only completed when there is a person on the other end of the trade. And then it becomes a buy and a sell at the same time.

Hopefully that explains

Https://www.home.saxo/en-gb/learn/guides/trading-strategies/bid-vs-ask-price

The bid price is the highest price a trader is prepared to pay to open a long (buy) position on an asset. Those looking to profit from a long position will purchase said asset at the bid price and hope that it rises to where the ask price is higher than the bid price you accepted when selling your position back into the market.

Https://www.investopedia.com/terms/b/bid-and-ask.asp

“Bid prices refer to the highest price traders are willing to pay for a security“

Thanks Rob

Nice start…5 million order on the bid

Well tomorrow will be very interesting……

It’s all looking very good. Nice steady rise

Some nice churn of shares though. Out with some shareholders taking their profits and in with some new blood looking for a good rise. All good…

MM are creating a very orderly market…….at the moment…..,nudge nudge

£122k trade from yesterday just popped on. Certainly looks like positions being taken. One way or another.

For me this is looking like it is going through as planned. There maybe dome small delays….i won’t be selling as the rewards are too big to risk missing out on.

Trade this at your peril….

Big volume changing hands now. Iceberg buyer on the bid. Million share lumps

Yes I think Sing was added today

I think we have an additional Market Maker today ( we now have 8). I think it might be SING.

They are known for bringing in the larger investors and M &A activity.

Nice 11 million buy after the bell

No movement from the MM so far today

Looks like a buy. It certainly would have drop the price this morning if it was a sell.

Yes lots of buying.

L2 3 MM moving up this morning suggest they are after your shares as more buyers in the wings.