I don't think the sell in May applies here. A complete mess to say the least. The RNS by mentioning the drop in figures to Egypt really hit hard. What gets me is it would have been simpler to word it in such a way that the market to Egypt would now start increasing once again following last years disruption rather than say there would be a 125000 reduction equivalent to £131m. I unfortunately bought in at 182 a week ago. Talk about bad timing and it has really cost me. Oh If only I had held off ! Not alot I can do now. God knows when the sp will ever be back to those levels again.
Finished negative as I expected. For it to fill the gap the body of the candle stick for the daily needed to be to 154 at least. The GAP is now closed. What the sp does know is anyone's guess. Longer term holders should be ok imv, but shorter term it could go further day taking out more stops. As they say, Sell in May. It's not the only stock being hit. I personally thought the results were quite encouraging.
Bought a few of these for <20p and managed to sell yesterday for 180. More luck than judgement really but think major growth now over and some more long haul problems could erupt. Still holding a few though as I've got my money back already.
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