Despite yesterday’s strong results, the shares fell a further 12 per cent, closing the day down 26p at 184.25p. Its chairman and former chief executive, Rob Terry, blamed short sellers for that, saying the drop was “certainly not a reaction to the results. Clearly someone’s making money shorting the stock.”
The company has taken legal action against both Gotham and Mr Winnifrith, and Mr Terry said progress on the Gotham case was due “within days”. On its website, Gotham admits to taking short positions in the companies it covers.
The 20 day simple moving average (220.1) went north of the 50 day (219.48) this week and held today. IF we can get a bit of headroom between the two and it can sustain the route north this is the first bullish sign seen for quite a while.
And next week we have the Spanish effect. I am in Spain and whenever I go to Spain it goes up! What more reassurance do you need. Forget technical analysis, fundamental analysis and all that bo**ocks. Its the Spanish effect that counts!
Barclays SP up in USA and DOW. Index is down I am sure Barclays have now turned the corner and it's onwards and upwards from here. As stated previously a close friend of mine works in a management position and says costs are being Cut across the board and profit margins increasing . Jenkins inherited a nightmare !!! Uncle Bob played it like a casino where the gamblers could not lose either way it was win win . All bad apples have gone and the ship is being run on much better basis Jenkins in my opinion is doing a good job and come the next 12/18 months he will be proved to have done a good job. Wishing all investors a great weekend.
Yes. I am still on the fence because I do not see where this is heading. I am getting conflicting signals (both sides of the Atlantic) and adding to the confusion are governments and regulators pushing out all kinds of rules and restrictions and conditions for Tier 1 &2 capital rations, Pillars 1 & II reserve ratios etc. - Behind all this confusion is, I suspect, the (unknown and yet to be realized) ramifications of ultra low interest rates and QE. And I can see liquidity slowing down. So, yes, I am sill on the fence. Good luck.
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