RE: Technical Gap25 Jul 2024 09:54
This shouldn’t need to be said but some posters clearly are a bit thick, so I shall.
MM’s feed of the current sentiment of shares! If there are multiple people bashing a share MM’s will try to accumulate shares cheaply to sell on at a later stage.
This is not rocket science people!
IF the sentiment in the chat rooms and social media is positive the MM’s are more inclined to raise the price, if it’s negative they are more inclined to lower it. This was pointed out to me years ago by an ex market maker, who said ‘it’s a pretty easy decision and one lots of investors are not able to see’.
Therefore, if those who are under water and moaning about the share being crap and start to show a positive outlook, this share will increase!
Try it for one day today if you do not believe me, not saying ramp, but everyone show positivity today and you will see a 5% minimum swing!