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It is, I was spooked by the bloomberg article, avoided the drop to 82p. Have watched the SP trickle down even though no news out, with a matter of days until the decision on the deal. I think there's a good chance of the bid being announced. I use your comments purely from a timing perspective. Thanks again.
Fred, its up to you. The market makers will often hunt stop losses at the start of the day to generate liquidity, then shoot the price back up.
The extra protection you gain from putting a stop loss comes with the risk that you get stopped out and miss out on extra gains.
I personally find it a flawed strategy, but plenty make it work. I know what I want to sell my shares for (£2+), so I won't have the market makers steal that from me because I was scared of the price going down.
"The.Crowman
Posted in: THG
Posts: 451
Price: 91.06
No Opinion
Have we been 'tucked up' again by MM?25 Apr 2023 14:55
Its all looking a bit likely I would say. No bid or just what they used to call a very safe bid will see this plummet to 50's at best.
Will we all look back at this moment when we could have sold out at 90p and wished we had. As Oke has rightly pointed out THG is in a tight spot and needs to raise capital to fund Igenuity - My Protein will have to go on the block and forced sellers rarely get their price.
Time will tell."