Proof is in the Pudding22 Sep 2017 17:37
there you have it guys and gals, blatant manipulation from the custodians of betting shares, there is no other explanation for it, nobody can be profiting at these levels as the spread is not allowing trading, nobody would be selling at this level other than the people who are supposed to be holding spread bet shares, which are not really shares, you buy your monies worth of bets and they sell the corresponding amount in the market until such time they are forced to buy them back, they usually get tipped of by brokers, PR persons and or NOMADS about pending news so they are rarely caught out.
Their aim is to keep the share price as low as they can so that when news does arrive the rise (if any) is not going to put people in much profit who purchased much higher up, hence they can pop it 100% higher from this level yet most will be flat or in a small profit, by then most will be happy to not take a loss and sell which in turn the price will slowly rise higher, ever wondered why your always kicking yourself for selling too early, price always seems to rise after you sell? Don't worry, this is all part of their game to lure you back in at higher prices, then once the merry go around is fully loaded again they will start the rinse and repeat cycle all over again, the only difference is the share price is higher.
Basically spread bet companies claim to make their money on the spread but in reality that couldn't be further from the truth, especially companies such as IG Index who are also market makers themselves, sound crazy doesn't it, they take your bet and then can change the price to what they like, still think you can win with these rules??
Lets hope that game changing news forces them to overshoot the last price the herd bought in and they totally lose control of the share price, that would be fun wouldn't it.
Good luck and I am sure at some stage this will be profitable for all.
Have a great weekend all.
Rich