Maybe the spread is just now very narrow 21.25 v 21.50p after a few large size buys, but the one at the offer does not want to move up yet.
time to tell but about time it bounces up
Lets hope so, as the price of PAF has been down a long way from the 24.50p high this year.
But the Gold price is still falling late last night and early this morning
So far there is support on the share price this morning when it went again to the lows of yesterday.
Order book is getting stronger on the bid side by the minute.
Market close now
so I can tell you how the Level 2 finished at best of the day as a few minutes before the close another market maker moved to 1.20p bid
so now is 2 v 1
note: I expect a few delayed sales trades on done during the day and reported after the close
Moving up alright now as the order book got stronger on the bid side
not many shares left at 15.50p offer at the moment so expected to move up soon and finished UP for the day
Well well could it be the one at offer was planted in the way some large buyers could get in cheap?
Well WINS just bought 500K from the one at offer at 1.20p after moving them self @ 1.20p also and the MM went to 1.25p offer
It taking its time to move forward as it should be, but the important thing is there is not many shares on the order book at 15.25p offer now and only another few at 15.75p, so 16p offer should be here soon, if buys continues at this way
Keeping with the movement up though only slightly ( +1.50p +1.05% ) at the moment it continues with the same strategy of any size buying even 2K must pay premium to the offer price
Manipulation by the end of the day, wonder by who, because there was some good size buying all paying premium to offer price, so at the end of the day the UT was 1p higher than the closing spread.
6.5K @ 143.50 UT
144.25p
Has been on a downtrend since last month 180p and after the pause is moving higher with volume now
Some large trades early on the morning has got the share moving and still holding now despite a bit of retracement 10 minutes ago from 147p
a "sour grapes " sees RED when is blue
re - MM's will be short of stock
and more, even allowing 500K at middle price as a sell
buys 8,113,256
sell 4,371,238
a fool will always be a fool if there is no brains to see it right.
note: 13 minutes after the 800k ( delayed trade ) there was a 701K buy
14:27:05
1.14p
701,754