Member Info for JohnHenry

ITS due to over supply the government are awash with to many tests purchased.

Daily spread betting uncrossing at mid after 17:00. Do peeps not know this ? Not a huge buy.
Part of that 265,200 would be my 50,000k 500 p/p SB

bigpat you do realise Farallon are creating an overhang.

SP bears no resemblance to the recent news.

May need confirmation from GRH on this but imho MMs very rarely hold a sizeable position in a company on their own book., especially in a small cap such as PRD.
MMs make money through the spread.
PRD could quite easily release slightly negative news, unlikely but no one has a crystal ball.

without positive news Back testing the break at 16p

Aimho

micktrick please tell me how the likes of the 250K etc sellers have been played ????

just normally supply demand movement.

completely wrong BradleyBear there was no tree shake.

In fact it was a pal of mine that put me onto PRD and recommended reading GRH posts. I read all his posts several times done my own research and invested.
However i also time my buys through technical analysis and Price action.

Imho GRH knowledge and research is second to non. I have found his posts very helpful.

On the day to day market mechanics i have a little experience gained through 25 years trading.

i post what i observe and yes i know all about MM tactics. however there was plenty of supply on the drop today.
Normally when MMs shake with no supply they will go to NT and you cant buy SFA
They had orders placed today however there was plenty of supply.

Please tell me sheephatch why you wont see me again, added another 200,000 today.

Just what i observe through L2 RSP, DMA and 25 years of trading.

Absolute tosh, MMs reacted to the wave of 50K 100K 250K sells

sheephatch you was saying ??? offer 16.7p

Imho the SP is certainly not going to rocket, there are a lot of stale bulls in this stock desperate to get out.

Aimho

you mean the 1,425 and the 10 share trade both at 12:30:08 at offer 18p

I guess you havent noticed when the price moves up or down an offer or bid price is stamped.

False price.

you can buy at 17.35p

shed loads of profit taking as expected.

Positive news needed to maintain these levels.

Short answer there is no EU deal, Markets moving away from PCR to LFT

Mass testing volumes with PCR has had its day imho