The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yeah agree Djryan777, i'm sceptical about gaps but more so when there wasn't one!
I don't think fundamentals matter when the price is clearly being managed carefully by the MMs. Each morning they let it loose a bit then set a price to shift this pool of shares. It was 4.2 then 4.4 and now 4.7, only pattern here is its going up.
Looking forward to see where this goes once the MMs are out of stock!
Persimmon, I’m new to investing but I can help you out with your question...
Was this an artificial rise? No is the answer
Why? Well I read page 1 of stock market fundamentals that explained share prices go up if there are more buys than sells and a significant volume of trades. I then spent another 2 seconds to apply this logic to the RBD trades yesterday:
- More buys than sells: Yes 420k buys vs 200k sells (yes they are not always recorded accurately but doing some dummy buys to get a quote it’s not far out)
- Volume: Yes highest daily volume since March 93m trades
- Price Paid: highest was 0.7796
Can you back up your claims of why this was an artificial rise by MMs? Were they buying all these shares? Would be good to get your thought process.
There was an artificial drop a few weeks back were the MMs dropped it to trigger stop losses. Tends to be low volumes and just moving the spreads
I always questioned your credibility but this is really clutching at straws
Popped the trades into an excel... since the share price went flat at 10:30 there has been approx 200k buys around 4.2 vz 26k of sells... Surely the seller can't have many more left.
I topped up a few more, will be much higher once the seller has gone. Can't believe they are selling this cheap
GLA
I think the recent sells over the last 2 days must be related to the warrants issued yesterday (see below). We will be back blue this afternoon with the expected news flow next week!
Application will be made to the London Stock Exchange to admit the 2,656,184 new Ordinary Shares to trading on AIM. Admission of the new Ordinary Shares is expected to occur on 4 June 2020 ('Admission')