2 Huge Buys - How can they be negative?!6 May 2020 20:31
Hi All,
I reduced my holding at a profit significantly today as felt the mm’s were walking the price down again. I have left enough in that I am happy to lose.
I need some reasonable arguments and explanations as to why the 2 huge buys the last few days cannot be a good thing? Both at nearly £200k for 1.10 / 0.83. Someone says about mm’s trading off each other - so did they forward sell shares at higher prices and then lump the buy at a lower price into one bulk?
Really interested in views on this and how it’s possible? Have normally viewed big buys as a potential positive.
Thanks,
Fin