RE: What caused Friday's drop?4 Aug 2024 11:44
MMs mission to drive up volume caused the drop & hid it with a general market fall.
Very subtle but effective technique & unless you look closely you would not see a pattern.
For example, last Friday
16:03 to 16:09 - Share price drops (figures based on actual trades)
bid 29.14 to 29.10p, ask 29.12 to 29.06p
Bought 106076 , Sold 15063 - so x7 more buys than sells & the SP falls across 21 trades.
There are a lot more MMs than there used to be here. Maybe the cumulative effect causes these changes.
This will bounce on Monday having gone through a week of falling. Absolutely nothing to do with the financial position of the company imo. Just programmed to fall to enable sharp rises and it looks like once a month if you look at the charts.