RE: Rbw5 Apr 2018 17:36
well, those two massive delayed 'trades' at mid price (sic) certainly took the wind out of the sails.
Sorry Shakey, but I think they were sells ... but they could have been buys !!
I have a theory, and also a counter theory. We have been range bound for weeks now, partly due to waiting for April news, but also from an acute shortage of shares. Something had to give , and we have just watched the sp being pulled along by its nose and rising on comparitively small purchases.
Theory 1 : MM;s aproach the major share holders, including institutions and high net worth individuals and say they need shares. The fore mentioned refuse to sell under 20p so like magic the sp goes up they sell yesterday, today lots of stock so we have a re rating on modest buys and the mm's make a handsome profit.
theory 2 : Two large buys to be processed but the mm's dont want the sp to get out of control, and the buyers want a bargain price.sp pushed up so the buys look like sells, especially with a delay in notification. it also has the effect of bringing the volume down and keeping things under control.
Theory 3 it was the martians!!