RE: Trades25 Jun 2024 18:28
I very rarley mention the MM's as frequently if it rains its the MM's behind it. However looking at the trades there appears to be some MM signals/ communication. What that means who knows. However I believe 100 shares traded is a common code for "I need shares".
300 could be a communication to state the wish to take the share down so they can get shares.
I noticed a couple of 833 or 83 , 233, 363, 1433, and a few more noticeable patterned trades.
Its kind of like reading tea leaves however trying to find reasoning in the numbers.
I would hazard a guess however as this ticked up there is a shortage of shares.
This leads onto another question if it is within the MM's remit to move the sp up or down, could this be behind some of the recent drop. Seemingly it occurred for little or no reason apart from that big trade that was unexplained. And no holdings RNS has come out as of yet.
All a little odd. That being said nothing fundamental has changed either way for the company positive or negative.
I would possibly advise those considering taking a new position to do so at these historic lows, as it may be ticking back up to mid 1's next week.