RE: MM strategy26 Mar 2021 09:33
serg.ien,
I think pis here should analyse the traded volume on FAR for this month to see what we mean. The "spike" was caused by the huge demand as well as MMs. The volume that followed the "drop" doesn't seem to justify the sp, if you ask me. The transformational news we had, doesn't justify the drop.
Sure, some of those who bought in at 10p or under, will take profits, but if you take that into account, still, the drop caused by volume still doesn't work on my chart. For the past 2 days we have had very little volume in comparison with the previous days; it doesn't make sense. unless the MMs theory of a buyer in the range of 30 to 25p is in the background (they might be the ones who bought at 30p and are happy to pay less for the next batch). They didn't go for the extra shares being offered as they knew the MMs could "work it down" for them, but I wouldn't be surprised, once they don't manage any longer to "work" the sp down, that they will approach the BoD to take the extra shares on offer for 30p. But that's my my opinion only.
I am following the chart on volume to see what happens. The MMs are really manipulators and know all the psychological games in the book to screw the small guy on the street. Well, we can see it here as well with derampers, trying to talk the price down for a cheaper entry; we can't blame them, it is such a share to be in, but their talk will do nothing to holders, it is the MMs that might.
DYOR and IMHO
GLA