It seems to be self perpetuating, the more it swings the more appealing to day traders and the more day traders the bigger volume of buys and sells at the peaks and troughs. looking at this weeks buys vs sells I think there is still a bit more of a drop to come, wait until there are a couple of consecutive days where buys exceed sells then price should climb again until traders reach acceptable profit level of maybe 3-4% at which point they will sell and the cycle starts over. . . . .simples ; )
Day trading is rife on Tw I'm guilty but boy are we making some dosh on these crazy swings
Sorry ur right thought u meant tw
Share price hell up well considering the sells doubled the buys
theres a bit of a difference between 2% and foxtons 20%,in my books 20% in a day is getting slaughtered.
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