RE: End of Year Accounts RNS Soon I'd say.18 Apr 2020 14:38
Thordon, good question. Age old tactic. Push the sp down and pick them up cheap ahead of a rise. MM's maintain the liquidity they carry a lot of risk because they have to buy and they can sell when they like and set both prices, that's how they make their money and why they are not *******ed when they play games. If its not low enough for their liking they'll try and push it down with blag sells or little ridiculously low value sells so you see lots of red and often at low prices to make you think the bottom has dropped out of it. They are crafty buggers. They make more, a lot more or and keep their customers happy and loyal. If this is the case they think its going up. Although another reason is to keep it low while waiting for a release of information so if it is good news they again can get in as low as possible then raise the sp to make more money and fill orders again at the lowest possible price, thats when you see the large spread and they are raking it in. Tight spread means little or no sales or they want it screwed down. But if people want it they cant hold it down. If people want to sell that is and people want to by it just takes off. Fact is they are paying this share a lot of interest. ;)