New Market Maker16 Mar 2015 09:48
We had a new market maker come on board about the time the rise following director buys faltered and then fell. Being a bit simple, wouldn't a mm need to build up a few shares especially if the share price is expected to rise? If the mm can persuade the short term profit takers to sell out, he can pick up those shares by shaking the tree. Unlikely to find many more of that type of sellers at this price. Also EGM notice timed so that half year figures will be known, one step further in Zamanita sale will be confirmed by vote, and joint CEOs taking a pay cut to get options at a great price. Cannot see where any negative sentiment can be coming from driving sales except for the new mm trying to get ahead of the game before the rise. Am I just too optimistic?