RE: Orchestrated daylight robbery30 Mar 2021 15:14
No Matt, I do think manipulation goes on, wherever there is money there are nefarious deeds going on. But, for the most part the MM's do a good job and are, I think, accredited with more power than they have.
200p was a very clear support line. Lots of buyers who might want to buy AVCT would have waited, once the fall kept going, for that price, give or take.
Once it gets there then the MM's I think will push it a bit further to see who bites and to see if it triggers a load of further sells. It then gives them a heads up as to where the sentiment is. That's where the "manipulation" comes in.
So yes I think it happens around key points but neither on the scale or frequency some imagine nor the reasons they attribute to the MM's
As it is (and was mostly expected), it bounced off hard and fast proving that its a stronger support than before. Now the MM's have a better feel after the last few days of fairly heavy falls, where the SP is likely to trade between and for them to be able to make an orderly market.
The other point I would make is this. If anyone believes the market is so rigged, so dishonest, then why oh why, would you buy stocks in that market. Its like saying" I am going down to the local Casino, I know its as rigged as hell to the House, but I'm going anyway..." If you then lost your money who is to blame, the House or the fool that gambled there already knowing it was rigged??