RE: Trade Pattern29 Jan 2021 22:27
Trek, Great post.
I have been watching the sp patterns here for a long time, since before July 20, but the deliberate movement of the SP has been extremely obvious this month. Being on SETS on such a low volume share makes it easier, for whomever is doing this, to manipulate the SP with auto trades.
Every time this SP tries to move up a large number of shares are dumped on the ask. It has been happening for weeks. It has the effect of slowly forcing the price down to the range that the mm’s or whomever want. Now I am sure some of the selling is due to people dumping around the placing price but this doesn’t explain why all the big trades are around the same price considering the SP has varied between 140 and 200p in January.
On high volume days they let it run until the buying drys up and then they slowly force the price back down.
The real problem we have is not enough big buyers. This would put a quick stop to this. I am hoping the activ 2 start and an influx of new buyers will break this pattern next week.