I think this means that Worldspread had to close some short positions early dumping a load of shares onto the market hence the drop. This drop is nothing to do with TAN for once though it mights still have some more to run.
Courtesy of Johnnytooslow on iii 'Friday's suspension of shares in Worldspreads (WSPR) had an impact on Tanfield's share price later in the day, as some Worldspreads clients have big positions in TAN, and in some case hold similar big TAN positions in other accounts, which they are having to quickly adjust. It will likely have a further impact on Monday, ahead of Tuesday's expiry of quarterly spreadbets. If anyone here holds TAN bets with both Worldspreads and with IGindex, it might be worth them following this idea posted elsewhere:'
Welcome back...........after 5 bad years that nearly brought TAN to a closer,we can finaly say that the company has turned the corner...........like you said ,SNORKEL growing order book,and the huge prospect of SEV,TANcould be good recovery stock ......ATB.........
If the SP ever hits this price I will buy every one a drink at the AGM including those two warring fanatics on the iii. My guess is that we have seen the re-trace and it should creep up again this week.
Well you are not too bad...i fist bought in 5 years ago with the first batch paid 130p old sp...............so, i think i know what pain is..............HOWEVER, I said before i hope the good old days are on the horizon,at least i hope so...............ATB.....
Don't talk to me about pain. I first bought into this muppet of a share in 2008 at 65p in OLD money, i.e £3.25 in today's terms. A massive averaging down operartion placed me back into profit. Today's drop does not bother me though.
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