RE: What a day!10 Nov 2020 07:56
If I’m honest, I didn’t see much sign of a dumping of stock here yesterday. Only 8m traded, which although is higher than normal, it’s still small(ish), and on the face of it, the majority were Buys.
Yesterday felt like a coordinated attach by MM’s, SB Companies, Brokers and probably Naked Shorters to squeeze COVID plays off the back of Pfizer news. Lots of trading platforms “crashed” (all at the same time lol) LSE Chat disappeared (AGAIN) but for the whole day this time (until 4.35 lol), and many people were unable to trade ANYTHING for hours on their platforms even if they could access them.
I think NFX possibly got caught up the Margin Squeeze, was just taken advantage, or both.