MMs are not charged for putting through sales on LII ... while an automated algo can happily pick random numbers of shares to trade .... what one needs to do in my view is look at the total of trades spewed out on buy versus sell side to gain a picture of long versus short ....
... difficult with CSN because the order book is light hence the volatile swings in price.
The real damage to the share recently was done by Millennium International Management LP last September ... it appears and shorts CSN every now and again ... probably still has a few short below threshold.
Correct ... I’ve been out since April .... the share has held up well so I would have been better hanging on ... but there is a lot of competition in the sector now with lawyers4u that hits the top of the Google search engines and NAH doesn’t want to go into a price war ... with the law panel disintegrating .... that model is dead as far as I can see .. but I do like the small claims developments ... but as software and a web site ... strikes me as a good idea but not too difficult to replucate.
I threw the towel in at 70 odd pence for a quick weekly trade a year or so ago ....
... having bailed as an investor around 115p ... quick profit ... and waiting for real blood to spill here Cenkos was too dependent on Woodford ... and investors in Woodford overreacted IMO ... personally I saw his face too often in adverts so stayed away myself.