Your comment here from last week: "MACD and RSI indicating a fairly hefty sized drop. mid 160s is a strong possibility before the update" - not quite 'low 160's' I grant you, but certainly "mid 160's" so I'm not "making stuff up". Just saying it's too bearish but time will be the ultimate winner here as ever.
no disrespect - but for the last two months your price-fall predictions have been horrible! At least you are now talking about low to mid 170's when last week it was low to mid 160's. This was from Tuesday this week: "MM might even drop below 169 to shake out any weak". Total nonsense IMHO. Way way too negative. £2 for me and then, after the usual profit taking, onwards from there ....
to suggest why the drop today.. I notice leisure came off a little generally.. but our fall felt like a managed drop or a short seller selling at all costs.. good to see the buyers stepping up the volume towards the end.. or my 3rd scenario (which I don't like and try ignore) that a large seller has called it quits or trimming down.. if so hope they get burnt and aren't in on some inside info
I gave up on that idea after the last few drops got heavily bought up and resume their march towards 186 or so.. there's clearly support in the background.. if this continues tomorrow down.. my hunch is some shorting going on, or a large ii seller has appeared that doesn't have the nerves to ride out the Feb IMS.. ON balance Im still long term so I thought heck I'll buy.. probably shouldn't expect the same pattern of a quick bounce back up.. so shoudl have doen a MIss G and tranched in to the sells.. but hey how.. only hindsight can be right all the time
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