RE: Bank boy can you explain22 Feb 2024 13:10
Bankboy, says- "Stop blaming hedge funds - they are trying to create Market Maker's Price. "
But we need someone to Blame & I find the MM-pigs are the BULL on the Dart-Board-of-Blame. As you point out the MM-rats are "creating" the SP daily/hourly. And obviously, to THEIR Long-Term gain. We, the small punters, LTH(long-time-holders) are merely flotsam drifting on a Rough-Ruff-sea-of-shares....Who can I blame?. Less than 6months ago, they have allowed(forced?) the SP down from a magnificent £1.72, with delusions (mine) of £2 in the offing, to a sad £1.29 yesterday.
Certainly I'm happy to blame the MM-pigs, as we see it in their waves of Auto-Trades...many thousands each day.
After 40yrs I have failed, on many occasions, to JUMP-OFF @ a high, or JUMP-IN @ the Lowest SP.
I have started to confide with the Grand-Kids, well, it is their inheretance I'm gambling with. 2 have advised - get out of CNA @ 160p; 2 have advised stick it out to £2; another says stick with BP, GSK, HE1, HNL....WTF???