Market's view on Deltex Medical
Published on April 2024
- Stock watchers discuss the behaviour of market makers (MMs), observing that they stretch the spread when the share price increases, making shares more expensive to buy but not changing the sell price.
- A continuous increase in share ask prices is noted, with specific mentions of prices like 0.14 and significant trades around 0.137 and above, suggesting optimism about the stock’s direction.
- Discussions around trading patterns indicate that significant buys and the lack of sells could lead to a price increase soon.
- Comments highlight that market makers seem reluctant to raise their prices despite significant buying activity, keeping the selling price below 0.14.
- Observations are made about trading starting times, with shares not trading until about 10:30 AM, which some believe could be a strategy by the market makers.
- A detailed analysis of specific large trades and their impact on stock prices is shared, with speculations on whether these are buys or sells.
- It’s mentioned that the cumulative effect of recent stock buys and any good news related to sales or approvals could significantly propel the stock price forward.
- There are also brief mentions of geographic restrictions and brokerage issues for UK residents, prompting discussions on how to manage investments from abroad.
- Overall, the sentiment appears cautiously optimistic, with expectations of an imminent price rise due to the recent buying patterns and market maker strategies.