UK 17:13 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I see that shares in Golden Saint Resources (GSR) are collapsing and the spread is now so wide you could squeeze the fat arse and the ego of David Lenigas through it. This podcast is a tutorial on how market makers think and behave in the last days of a dying company with Golden Saint as a case study.
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Comments
Drunken Sailor
Of course the advertised spread is not necessarily the real spread. BBMs will put in a dummy trade, find that they get a huge discount to buy at say 0.03p vs 0.0375 and hit the buy button because the bid only needs to increase by 50% for them to breakeven, ignoring stamp duty and dealing costs.
turbograndad
Tom, MM’s also goose up share prices and widen the spread, so any apparent increase is already in the spread, giving a false impression, along with logging buys as sells, visa versa, not listing buys and sells and hiding them on ISDX, and just not adding the buys and sells accurately giving another false impression.
Perhaps a piece on dodgy MM antics, as well as dodgy corporate antics, us PI’s have enough to contend with.
wildrides
Bit like OPTI then ……………set a 5 pence spread and go for a 3 hour liquid lunch .
AK47
Ton you missed out the villain the lead the path for many Brits to become villains in hollywood and that was Hans Gruber in Die Hard. Alan Rickman was a brilliant actor and will be sadly missed. RIP Alan Rickman