it could easily be those from the placings we had pre confirmation of the agreement being signed - i know Arthur said they were here for the long term but peoples situations can change
another way to look at it: whilst we have 6 MM's here, only 4 actually have narrow spreads to make it tradable. Most of the time WINS are being competitive to encourage a market, without their movement we would go stale WINS: 0.04 SCAP: 0.04 PEEL: 0.05 JBER: 0.05 STFL: 0.10 CFEP: 0.15
so the line in the sand is 0.8, this needs official positive news to break over that level until then i see this bouncing around here and the high 60's
really don't understand why the spread has stayed as it has, clearly you can buy in good size at 0.42 so why leave it the way it is? plus people are happily buying at 0.42 so why not charge them 0.44?
I think we see a blue to flat finish here.....no other reason than we have dipped back below the recent director purchases, what we are seeing is normal market volatility, nothing goes up in a straight line.
The price action since the pull back this morning is very odd, seems that this is being held at these levels. I'm seeing a large number of buys going through but well below ask, guess a large sell is being worked.