RE: Bounce back time @ 48p15 Sep 2025 09:47
NonPartisan - Sorry about the delay, but busy somewhere else. That is what I posted last Friday in another place.....
Master RSI - 12 Sep 2025 - 23:40:52 - 6705 of 6753 EMPIRE METALS 2024
What I think has happened today...
Not really manipulation or GAP closing, but marked down to discourage the large sellers.
As the SP was moving lower since Wednesday, some with large holdings had a bit of a panic and placed shares to sell with the Market Maker. Once done, he came back with more, so every time the price was marked down further, at the same time MMs knew that there was a 1 million willing to sell. Still, nobody wanted them, so a further markdown was made until at 1:30 pm a MM decided to take the lot from the seller, as it managed to sell it for many pennies higher than the 30p agreed earlier.
Others with large lots also did the same later until the bounce back.