RE: Approx 5 million share buys after hours17 Mar 2021 18:28
Hi Tallchap You say "they" if you mean MMs then no, they work on profit from spread and want volume. The big traders(JPM, GS, Blackrock State street Etc) are something different, they do front run markets into know info (GDXJ buying). The real action for the big traders is in buying up stock to sell to order. For example, A big miner (AA, RIO, Newmont Newcrest Ect) want into a co. They place orders with the big boys at a set price, the big boys drive the price down by any means possible (they have many tricks up their sleeve) and soak up the stock from spooked PIs. Is this happening here? probably, do i have proof ? no. Is there history of this happening? you bet there is, talk to the folk in Sirius minerals about market corruption. One thing is for sure, value will be found and the only way to profit from it is to hold. ATB Speedy