PI Power22 Nov 2019 09:26
Normally in Shares the power of the MM's / II's is king at setting prices, but in this share at the current time is the PI a little more powerful than normal ?
I base this hypothosis on the II's just wanting in as cheap as possible (as their only current driving factor - see all the hidden large buying as supporting this & the low Mcap of the company which couldve meant they didn't notice us/care initially)
With regard to the MM's thy seemed all over the place & only this week appear to be stabilising, also I think partly the reason(but not all the reason as they have II's buys in background) for all those PI's restricted buys (at the lows) & sells (at the highs) - they just dare not let this go up (as they havent a clue where it'll land) equally they carnt let it fall as the PI selling will dry up (+no warrants now) & they have large background buys to fill.
Most of the boom & bust traders from 2 weeks ago (who I firmly think caused the massive rush to 4p & subsequent colapse to 2p) have now moved on.
This leaves a mostly hardend core of PI's holding shares more tightly in the firm belief of one of the large payout stories - im sure most have a core pot of shares & a smaller trading pot of shares in this category.
Therefore the MM's have now only one direction of travel with the SP until the core holders view of multibag potential changes imo.....