RE: autos5 Dec 2017 13:49
Trouble is, I agree. I also think we're going to see another raft of big buys. So if I take the bet them I'm looking a losing another pint. That over �10 in this crazy world! :-)
The buyer is sensibly patient, they are slowly accumulating and quite happy to do it at the pace the supressor wants, so as not to pay more then they have to. If you watch, they are gradually buying off the ask, but prefer when the supressor sells to them via DMA. 35.5 is cheaper than 36 :-). But on close I agree they will sweep up everything the seller is prepared to give them at the ASK, IMO.
Some pi buys but nearly nobody is going to sell at this kind of level - the orchastrated drop may have shaken a few but most LTH who didn't sell at 50, or 40 or 30 are looking for �1 or more so this will play out via the autos and we will sit on the sidelines until a sensible level is reached (or the reason for the forced drop is revealed - related to a bid for the AMP shares or for the whole company IMO).
IG