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SUPERSCAPE UP 12% TODAY WITH RESULT'S NEXT TUSEDAY SO GET IN AND MAKE ££££££££
callumross - Thu, 27 Dec 01 :
I profess to know very little about the fundamentals of this share. However, I have been watching it closely for the last few months with a view to buying. I never have made that purchase but wish to make the following observations about the price movement. The price appears to go on an uptrend, the spread narrows and I have often thought "quick, get in, before the offer price moves up" yet it rarely does. What, in fact, always happens is that the bid price suddenly drops, turning a 1p spread into a 4p one, leaving all the excited buyers high and dry nursing a 15-20% instant loss. I think the marketmakers are playing a cruel game on investors with this one. A similar thing regularily happened in a company on which I lost heavily, Atlantic Telecom, which eventually went bust. Like SPS, they too had more cash in their balance sheet than the market capitalisation. The problem was the rate of cash burn. I sincerely hope all on this board make a decent return on this one. I am simply warning against what I believe to be market manipulation of the price of SPS on a daily basis, allowing the big players to exit, the marketmakers to make a killing and the small investor fleeced as usual. Good luck!
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