(GRG.L) Greggs PLC Buy/Sell

418.85 -3.60 (-0.85%) Down arrow Add to portfolio Set Alert Level 2 Desktop Trader

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Author	didyabringabeeralong View Profile \| Add to favourites \| Ignore
Date posted	2009-11-05 18:45
Subject	Todays spread....
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MM's appear to be playing havoc with the share price via large spreads ie 420/432...IMO evidenced by the price touching 420 briefly and closing at nearly 426.5. Hopefully someone/company sees the value in Greggs and has gone to the MM's and said they want 'x' amount of stock and are willing to pay 'x' (420) price . Subsequently MM's have gone on the hunt for shares and by increasing the spread ie sell at 420/buy at 432 have worried investors (namely PI's) into thinking price is about to fall big style because of the large spread and the MM's have mopped up the stock at a discounted price for the bigger institutions. I guess what needs to be remembered is that MM's are concerned with volume and if the volume isnt there then they need to encourage it. Unless you're a day trader then these intraday price fluctuations not supported by news or underlying fundamentals should be taken with a pinch of salt or if you have a strong belief in the stock a buying/entry opportunity... IMO heres to the DOW finishing above 9970 which SHOULD drag the FTSE higher!! Happy and successful investing!
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