RE: RE: Back to double digits - Strategic NEWS imminent21 May 2024 10:18
The single digit trades, tens and hundreds for multiples I think are when people take out bets on IG Index and other similar sites. Imagine lots of bets on the price of SOLG of hundreds, thousands or tens of thousands. These exchanges wouldn't want to give the same share price, but if they bought or sold the same amount of shares, they wouldn't make much money. Therefore, they buy single digits, tens, hundreds etc that are fractions of the bets placed. This was what I was told when there was lots of 100's of buys on a shared I was following years ago. One BB poster stated that he'd bet all those amounts on IG, but they were equivalent to much larger shares buys.