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Still have LTH Hexam as well as day trade. As long as we all end up with cash in the bank our routes can be different.
The role of a MM is to make a market be it up oŕ down thats what doesn't appear to be happening at the moment. But on this happy to agree to differ. Next week hopefully will move this somewhat.
I day trade this (along with other stocks) have done for months Hexam. Yes averaged down similar to yourself to a good position so know the usual day high/low range. To a day trader volume is important so i do look at that. Why MM are styfling trade I don't know but that's what, on the surface, appears to be happening.
"Wow 1.2m shares traded in trading hours and then a half million UT, it is beyond stupid"
Bfd that equates to circa 0.11% of the issued shares traded that's phenomenally low. MMs are keeping this under 34p for a reason yet no one is selling?
Https://uk.finance.yahoo.com/news/could-investing-shein-ipo-isa-155000995.html
A fool article granted. But on this occasion I agree will be interesting to see financials.
FYI DYOR
That's correct She2, andas a result may have a legitimate claim, time will tell. My issue is they bought around 170p in 2021 and sold July 23 when price was circa 50p. Now where were the stop losses to protect investors from large losses? To me it is incompetent management, the SP hit circa £1 for at least 6 months before a bigger drop, so it hasn't fallen off a cliff and they had ample opportunity to cut their losses.
INHO DYOR
Https://www.telegraph.co.uk/business/2024/04/26/miners-getting-picked-off-ftse-trouble/
FYI DYOR
Time for MM to wake up before too late
The United States House of Representatives approved a bill that could result in the banning of TikTok in the country unless it separates from its Chinese owner, ByteDance Ltd.
The bill, named the 21st Century Peace through Strength Act, passed with a strong bipartisan vote of 360-58, with US officials expressing concerns about the company's potential for spreading propaganda. Under this bill, ByteDance has nine months to sell TikTok, failing which the app could be removed from US app stores.
The legislation also includes imposing sanctions on ports and refineries dealing with Iranian oil, as well as on individuals involved in activities related to Iran's missile program. Additionally, the bill grants the executive branch authority to transfer frozen Russian assets in the US to Ukraine.