Yes massive manipulation and shorting - so much more common nowadays. Seen it done on quite a few FTSE 100 companies now - then some positive interim or news and it all reverses - thats the markets for you. The ones that lose out are the ship jumpers. Either hold on or short it . It will all come good in time.
What's being scaled back and how? The take up is pretty impressive and can only be good news. The certificates were issued yesterday I think.Must broadly be good news
RE: have sold already!
Richard, the share is falling only because of manipulation and shorters. you witnessed it go from 400p to 450p in a short space of time on Q4 results there will be a large spike in price as RMG are very busy this year long term this is a fantastic buy as Royal Mail become an international brand like Fedex, UPS, DHL
have sold already!
as the price is sliding, I think 350 is next, and at 355 I would have lost about 38 quid further from the price right now. so I decided better to sell out, which I did at 3.9044, and have a limit buy of 500 quid at 355. if the price plummets from 355, 300 will be next, so provided I would profit I'll do the same trick again, and again, and again, that way I can contain my losses. if its plummetting from 355, I will rebuy maybe 800 quid at 300. I have lost 23 quid on this trade. its going to take several days to reach 350, but I think that is where its headed. trading activity will be highest midway at 375, right now there's more buying than selling.
Im afraid that is what always happens with Saye schemes everybody quite gets onboard
News is it was a larger uptake by staff than expected. 35,000 out of approx 130,000 signed up for it and so it is being scaled back, don't know by how much, suppose I'll find out in due course.
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