RE: Huuuuuuuuuge spread !8 Apr 2024 19:02
More seriously I guess the generally very wide spread here - seemingly, but I expect you can often get prices decently inside the spread to narrow it in reality - is MM's being very cautious re short term traders here, like Mr Gordon Bennett..
And when they narrowed the spread a bit this arbo some sells came in smartly.. My guess is some the new to the board recent ramper posters here, having bought immediately after that latest RNS, were dumping today.. just to move their cash elsewhere; this when the tightened spread made it ok in their minds for them to press the sell button..
Generally, we need buy and hold players coming back in here to give good foundations to this s/p pushing sustainably up.. and so far in 2024 such have been in very - very - thin supply, alas..
(Why? A combination of factors I expect.. Mr Zap has outlined these already.. but the one and only Mr Colin Birds reputation absolutely is a potent one of those imho.. it many not all be justified, but .. etc )