Member Info for investor33

@Hamm

Wow - that's a spectacular misunderstanding of what I wrote.

I've followed this board since I first started buying MATD in 2019. I currently hold 888,000 shares, and am in in it as a LTH. If I decide to reduce the volatility ' noise ' around news releases through top- slicing, then that's up to me. That way though I am really just keeping up with what the MMs get up to with their accumulation and distribution tactics. Otherwise I am in it though long-term because I believe in what MATD are trying to do, and after the approval of the LP I am now happy with the fundamentals and the subsequent de-risking.

Btw, from what I remember back in 2019 - 2021 or so that you were constantly rubbishing the company and its prospects. Then you suddenly did a sudden volte face and took the opposite view - so what you wrote about me is more than ironic. Also, a couple of weeks before the LP was granted you were busy urging people on here to write on social media what a lousy place Mongolia is to invest in. That's a great way to create goof feeling for MATD amongst any locals how might read that kind of thing.

And straight after the spike to 6p after the LP was announced on Thursday you were urging people to jump in. Well right now anybody who took your great advice would be about 20% down right now, and would probably have been gutted and confused after the end of play on Friday. Meanwhile people who have no idea what is happening would have been listening to speculation on here on Friday that another raise is around the corner, or that there has been a leak that Velo is a duster etc...That makes me pretty annoyed actually.

And nobody has yet explained an anomaly which i have mentioned on here now a couple of times - why did you have a recent spike to 7p on no news and with low volumes followed by a 40% decline in just 3 weeks to a previous support level of 3.4p ? Was that driven by news and fundamentals ? I don't think so....

@Doc83

"Investor33 - which part of my post to you was rude, other than saying the arrogance of it beggars belief? "

You just answered your own question....

And in response to your question;

' why didn't the MMs let it fly according to your logic ' ;

Because they area also trading their own accounts, probably mainly using technical analysis with charts. They know where the support and resistance levels are, and where the stops are placed. They can go long or short, but what they want most is volatility. So nearly 15% down the next day after a sudden spike up does just fine thank you. And that's without any negative ' news ' and with more buying than selling that day....

@Doc83

Wow - what I wrote clearly threatened your worldview to such an extent that you resorted to rude comments directed at someone you don't know and have never met. You are free to believe what you want to believe, but cut out the personal comments please.

Anyway, can you explain how that recent spike to 7.3p and equally dramatic fall to a support level of 3.4p happened ? Nothing changed in terms of the fundamentals, yet in the space of just 3 weeks the company was suddenly valued about 40% lower than at the peak of the spike. And all this on low volumes.

And maybe you can explain why Jet2 had 11% knocked off its value in a day after it announced profits of nearly £400m versus previous losses of about £340m ? Yes, the founder announced that he was stepping down, however it's a good example of ' news ' being used for blatant manipulation of the share price. I wonder how many stops were triggered on that day ?

This is what someone wrote on another board ;

" This is normal for the UK markets - one of the reasons why companies are fleeing listings here. International MM firms love the UK, because they can fleece the local investors. FCA doesn't give a hoot."

@Vikingglass

Thanks for that.

Well my current approach is to top slice on what looks like another short term spike. So on that last spike to 7.3p I sold about a third of my shares. I have plenty of confidence in sound long term fundamentals of MATD, however I am also aware that there will be lots of dramatic spikes and then equally dramatic falls in the price action along the way. Top slicing reduces this stress to some extent.

I think too that people need to be careful of where they place their stops. On that mini spike to 7.3p the price then rapidly fell back to a previous support level of about 3.4p which was established back in April. The MMs can see where the stops are placed, so it's best to bear this in mind. They are also trading their own accounts, and they will be looking closely at charts for support and resistance levels etc - basic technical analysis comes into it too.

@finallyretired

Actually the mms trade their own accounts as well. They are far from being the neutrals that you seem to think they are.

And, crucially, they can see clearly where all the stops are placed. That's like a red rag to a bull.

@Dozzawba

Thank for your comment. I just don't want to see people losing out badly and being being driven to the point of despair when the price action is being so heavily manipulated. There were lots of comments on Friday along the lines of ' what the hell is going on ? '

@Doc83

"Well this one has me a bit stumped. " You said.

Well that's because like many on here you have this rather naive notion of a share price that is purely news and fundamentals driven. It isn't - and you need to understand what the mms get up to.

To take an example, that second to last last spike to 7.3p was entirely a mm created manipulation. They had accumulated , and then when ready promptly stirred up a bit of FOMO without anything in terms of the fundamentals actually changing. Then they dumped those shares that they had accumulated at the top of the spike to the unwary, and then promptly let it fall back to a previous support of 3.4p whilst hoovering up a load of stops whilst they did this. Volume levels were really low all the time that this artificial spike happened.

Now once again they have used ' news ' as cover to accumulate and distribute. They accumulated at around 3.4p and then let it spike again to about 6p on the ' LP good news ' which stirred up lots of FOMO for them. They then distributed in this climate of FOMO and now have promptly let it fall hard again today by about 14% despite the buys outnumbering the sells. FOMO has now turned into fear of losses, so people are today coming out with comments such as ' there must be a raise around the corner ' or ' maybe somebody knows that Velo will be a duster. ' These kinds of sentiments help the mms in what they do. You have to realise too that the mms can see where all the stops are, and they deliberately run at them. This helps them to pick up lots of cheap shares.

Long-term, the share price will ultimately be determined by the fundamentals, however there will be lots of these spikes in the meantime. People who believe that you have positive news and then an immediate one way soaring of the share price just don't understand how AIM shares work or how they are manipulated. In fact it's more than just AIM stocks, however because they are quite thinly traded and liquidity is quite low, they are far more easily manipulated.

Take an example outside of AIM - Jet2. Yesterday it announced profits of nearly £400m compared to a loss of about £340m in its previous earnings announcement. The chairman also announced that he standing down after 40 years. Jet2's share price then plummeted by about 11%....If a pilot caught a cold the mms would use that news to wipe 10% off the share price and hit all those lovely stops....

Interestingly, someone on the Jet2 board mentioned that some companies are refusing to list in the UK, as they feel that foreign mm companies are fleecing local investors. I found that comment very interesting - there's far more to price action than just good or bad news !

@iamrich

The MMs are no doubt busy accumulating like mad at these prices - but they can only hold it for so long. They are rooking those who are selling right now whilst they hold it low.

Congratulations to all the sharehoers who kept the faith. And it turns out that WOS wasn't a fool after all....Well done WOS.

I've got 888,000 shares @4.1p and at times I found it hard to keep the faith I must admit.

@bigbench

The mms have already had to narrow the spread today - they couldn't entice anyone at the previous much wider spread...Until the fundamentals change radically this is a mm manipulated share.

A big spread - the MMs want to sell you high and buy your shares really low. They can still make money whilst little is going on.

@Iamrich

Badprophet fell for the MM tricks by the sounds of it. That's why the MMs do so well out of a share like MATD - so many are unaware of how the MMs manipulate sentiment and therefore supply and demand. Anybody trading this share so as to accumulate when the MMs are accumulating and then selling when the MMs distribute after one of the many spikes in the last 3 years or so would already have done extremely well with MATD. It's harder and more pyschologically wearing to be a LTH, because you rely more on long term fundamentals rather than short term sentiment.

@Ojay

Thanks for the compliment you made about my post from the other day - didn't get the chance to reply on Friday.

I just want people to realise that until this share demands a proper re-rate, it is simply in a trader's range of between 3.4 to 7.5p, and the MMs are making hay whilst the sun shines. Yesterday for example it bounced off a support which goes back to the 29th March.

@Master82

Or maybe the support level established on 29/03/23 has just been bounced off... ? I mentioned this support level yesterday on here.

Technical analysis does matter to short term traders - and there must be a lot of them who have been doing very well in the last few years from MATD.

' it made ' I meant - sorry.

Must do more proof reading given that there is no edit function on here....

@Notpleb

What's happened is that as I pointed out yesterday, the price has hit and bounced off the support level which is dide back on 29.03/23. Unlike many on here, the short term traders and the MMs trading their own accounts are looking at the technical analysis.

If nothing has fundamentally changed since the last RNS then it's a short term trader's stock, and that includes the MMs. The MMs have accumulated at around the support level price having shaken out the weakholders, and will now be looking for FOMO to start setting in so that the next spike up can happen if nothing to do with the fundamentals radically changes, ie the company becoming finally a revenue earning business, or Velo hitting oil with the right kind of flow rate. Right now the MMs are deliberately stoking up supply and demand on a share with thin trading volume - hence the dramatic spikes followede by equally dramatic falls. All the people caught up in either FOMO or its opposite - ' fear of losses ' are pawns for the time being in this little game that they play....

@Dozzawaba

Glad that a few people on here at least understand that MATD for the time being is being highly manipulated. With thin volumes and so much FOMO/fear of loss sentiment easily whipped up through playing around with the bid and ask, it's as you say a mms dream share for now.

There have been frequent price spikes followed by equally dramatic price collapses for years now with MATD - and that's all down to mm manipulation, which pivots around RNS releases. MATD is not suddenly worth less than half what it was worth prior to the last RNS with not even a great deal of volume going on during that collapse. AiM stocks with very thin volumes are very easily manipulated by the mms ! Their traders who are actively trading this stock based on technical analysis willl be keeping a close eye on these types of boards, and actively monitoring levels of FOMO / fear of losses.

@iamrich

Exactly.

Trouble is that most on here seem totly unaware of how the mms work - in their naive view of the markrts everything works due to suply and demand without them realising that supply and demand can be manipulated.

So the mms rely on two different types of fear - FOMO and the fear of incurring losses. As you say, nothing has changed since the last RNS, and the company is not suddenly worth less than half what it was in the lead up to the RNS. However the mms know that they can induce supply into the market through sudden drops in the bid and ask which create fear of losses and shake weakholders out into giving up their shares once a spike is completed. This process has been going on for several years now, and it's very lucrrative for the mms, as they can accumulate low, and trade their own accounts as well based on technical analysis. Right now for example we are hitting a previous support level. Accumulating low also derisks the stock that the mms hold like a wholesaler in order to make a market.

On the other hand, say in the weeks building up to the last RNS the mms can use the sentiment of FOMO so as to induce demand. Sudden spikes in the price create sudden explosive demand, as the rampers move in on boards like this, and suddenly people are jumping in en masse due to FOMO in case they miss out when the RNS is finally released. So manipulation of supply and demand happens in the lead up and straight after an RNS. Of course during a sudden up spike the mms can start distributing all the stock which they had accumulated at bargain basement prces through shaking out the weakholders straight after a collapse in the share price in the wake of the spike. The last spike was 7.3p and now the share price is less than half that with no news and little volume.

That process of accumulation is happening right now - volume levels are very low, and yet you have share price drops of 3 to 5% in a day with virtually no activity going on.

@Doc83

So presumably in 3 months or so from the last raise, the mms then deemed that the company was suddenly worth 2.5 x its market cap without any significant news emerging during that time ? That's up to the peak of the last spike ( aka the mm distribution phase ) of just over 7p....It's pure manipulation of a thinly traded stock with low liquidity, with the mms also trading their accounts, as well as pulling tricks to accumulate as at low a price as possible through shaking out weakholders who panic easily, such as badprophet.....

@Doc83

So if it's not mm manipulation then presumably you believe that the market deemed after the last RNS that MATD is suddenly worth half its market cap ? That's essentially what you are saying. All the spikes have been followed by precipitous falls over the last 4 years or so - the ones not caused by raises have been down to blatant mm manipulation of the bid and ask. People like badprophet who seems to have sold up after one of these slides are exactly the kind of people that the mms are targeting - weakholders who they can panic, and thus shake out easily during their accumulation phase.