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True, there was this morning over £1.3millions pounds worth of shares sold between 8:43 and 10.01am. Also over £600k of buys have gone through since this morning todays positive shares rise on the good possible vaccine news that are making its way across the world. Todays, I witnesses the biggest purchase since many weeks ago. The future its bright.
The market needs to believe that the way forward is in sight. Trump, Governors, masks.
The first match in the tunnel has been lit. That contrast is peaking the market generally imo.
Needs to be built on.
Masks.
Having been in since 38p and watch it rise and fall constantly. The sharp increase from 70p to 100p was when the majority of the globe were confirming they had gotten over the peak of the pandemic. The latest drop came off the back Covid hitting the southern states of the US. Nearly all markets took a drop. Once Texas, Florida and California have hit their peaks and start seeing a noticeable drop this will likely start to rise more promptly again. Cinemas in the US and the rest of the world will also be open by then which will likely also make a big difference in sentiment.
Showing strong buy signal..
Nothing worse than unequivocal comments on future stock movements. It's just as naive to say what it definitely wont do, as well as what it definitely will do.
This is not about whether or not people will go to the cinema. If they can they will.
It's about how the virus stacks up in the UK and the US.
That's the only unknown.
Masks are slowly gaining traction in the US. Bit like a dentist pulling a tooth without anaesthetic if you ask me.
Give numpty dumpty a while to become the Lone Ranger and maybe, just maybe.
I think it depends. If there is good news on the pandemic in the US or bad news it could move north or south pretty sharply still. Always been pretty volatile this one.
Why is that Ashh, I'm interested to hear you working out on that?
The days of double digit growth days are gone, at least for a month. This isn’t hitting 70s for a while let alone 80s and 90s. Seriously, so many unrealistic comments on here. I think it will hit higher levels next year, but this year it’s up/down. There’s no stability in this SP or the wider market.