RE: Business valued @ Cash22 Jun 2022 09:37
NTM wrote - "even small selling sees MM's widen the spread and drop the price to try protect themselves further - MM have price making obligations and if the can't find a buy for a sell they've taken on their books, it stays on their books and they're at risk until they find a buyer - and off the back margin account trading sees more forced sales and stops get triggered and there's more panic selling generally.. and , altogether, it can become a down spiral" - sorry about my last reply NTM. It was straight talk, but the tone might have come across as blunt and possibly curt.
All I meant was that - in your statement above, it can be said in just a few words - when there are more sellers than buyers, the price drops. Yes, the MMs drop the price.
A bear market is where prices are falling and that is due to there being many more sellers than buyers. But my point was that even in a bear market some companies will rise.
The scoundrels on here have been relentless in telling us how great the prospects are for FLX, so why isn't it one of the companies that go against the falling trend?
Now that davey has sold at a loss, and the slimeball probably has too - their game is over - their cover is blown. Didn't I tell you that all of their so-called analysis was merely theoretical. Some things they said was true, but they claimed that their theories proved that sp must go up- the Moonshot - they were adamant and wouldn't listen to other opinions. That is what makes them scoundrels.
Please note that none of this refers to the company, FLX, in any way. My comments are only about the comments and attitude of others on this board and the movements of the sp - that's all.