looks like we will lose all of today's gains, and if the ftse does crash then we could easily head back down to either 460, or 420 before data, IF the markets crash, and its looking likely. all exchange rate dependent, looking for $80 or $72-74 as possible support on nasdaq, if things turn ugly.
ramp away,! but the 735k was just an uncrossing trade to balance the books with nasdaq. I dont really put much weight on those big trades as we cant say what they really are, could be a short covering, freeing up cash to strike again, or anything really, and just because they are big does not mean they get it right all the time, hedge funds are doing terrible at the mo, with many looking to fold over the near term according to the experts, look it up. its one of the reasons the markets could crash as there is a lack of funding available for hedge funds.
I think it might open higher and then go real big......
For the record, not trying to ramp or anything like that, don't have any insider info, so am just guessing now; but, just look at the trades today after Close. £25k, £69k, £85k, £17k, and £735k (presumably) all buys. That's over £900,000 people have just spent on Buying this share. You don't part with that kinda money without good reason....
I think it will open lower tomorrow due to the ftse, my guess is the spread betters will open the ftse down, and i think the bio rally has hit a wall today so gwph will probably close about where it is now, and yes it is a fun stock, I'm guessing everybody here is now in the money again at long last, unless they bought in the 600's, even bob should be bouncing with joy , finally over the bargain price of 520 :)
short squeeze due to very postive bio news today leading the sector higher, so we left the ftse behind and rode on the bio's, if anything your 550 mark could be trouble looking at the sell orders. your broker was telling you to sell at 538, and you held? or am i getting it wrong.
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