MM’s spanking sellers here4 May 2020 09:38
So just to be clear the MM’s employed these tactics on the rise to force it down and weak willies fall for it every time. So against the complete surge of buys - MM’s then suddenly drop the ASK - saw it drop as buys going through at those prices endlessly and no sells. Then they take it to NT to sell and drop the BID. The MM’s are short of shares and if you fall for this tactic then you’re a mug being mugged. Their job is to create a fair, balanced market not one that is constantly being manipulated in their favour. However if you hold and don’t sell when this happens there’s nothing it can do. But we all know that nervous nellie investors, the naive and the the newbies will panic and sell every time. Why do you think they do it?
Onwards and upwards. We all know there is only one destination this will arrive at and it’s far, far North of here.
IMHO DYOR GLA