some shares are harder to read than others..and this is one of the hardest in my little ol universe
..I agree the sp is the "gold standard" but ...
...but it is often worth paying careful attention to weight of buying and esp large buy(s) at the possible trend reversal/turn (rgd yesterday...delayed biggie...for one recent example)..and worth following shares for a long while cos they (the dma &mms) have their quirks/fiobles (eg cgs or camb or hsp and wide false spreads)
Come on JS, you must know better than to actually believe that the 'buys' and 'sells' shown on boards like this actually give you any useful info? Simply a guess based on whether the price traded happens to be a bit nearer the bid or the offer. Pretty arbitrary IMV. Also, every trade has buyer and a seller anyway be definition, so a bit meaningless. Only think which tells you whether buying or selling pressure is larger is the share price itself which is the clearing mechanism. Sure you know… Read More
I would say well done with your bit of trading, after all I wasn't brave even if I though about doing exactly the same.
My own thoughts are that it will bounce around a bit more hunting a level before finding a truer value later. I read one report suggesting its still worth 23p. Should all the bad news expected not materialize then it might go much higher.
Still for me, with no divi (cut not yet announced) and rights issue overhang Im going to steer clear. Even moved my cash out of the… Read More
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