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A share price can go down even if there are more buys than sells. It's the frequency that matters. i.e. you could have 2 or 3 big buys but dozens of very small sells.
I notice that the quantities being bought/sold are very small - no major interest today. Markets are all over the place at the moment. If you sold, will you take a loss?
Amran - selling out and hoping to buy back in at a lower price is always a risky strategy.
There are some stocks that you know you can do this with, but I wouldn't do it with Sophos.
Sophos is to some degree immune from the Brexit chaos at the moment hence shouldn't have any wide fluctuations in SP.
Amran - SP is not doing anything today as any PI would have used their cash to pick up great bargains after yesterdays market sell off. Won't be any great buying on Sophos today as there r is lots of money to be made picking up yesterday's bargains.
agreed! not directly relevant but from sentiment perspective nasdaq up 1.7%.i am currently not invested as sold on the friday before last update but suspect this may be a suitable re-entry point. no advice just my opinion
Give it time.....it's doing very well holding up considering the carnage on the FTSE this morning.....all the big UK companies are down circa 5% with the chaos on the Brexit issue. Only the Miners are doing well.
The fact Sophos is holding it's ground is a very positive indicator
Makes sense FTSE12. Let's see how it pans out this afternoon.
Elise - all depends on where the U.S markets go today.
There is a risk that the SP may drop a bit by COB due to daily profit takers.....BUT......the POSITIVE momentum today is a good sign moving forwards. I suggested that yesterday panic selling would clear out all the panicky people and it seems it did.
If the U.S markets are ok today (i.e. don't drop) , then I'd see Sophos rising all the way through to Friday morning. Once PI's see some positive momentum on a share, they tend to jump on board.
You did FTSE12 so good call ;-). What's your call going forward, I think you probably answered n your previous post? Seems to linger at sub 3.30 now.
Technical bottom reached.....rising nicely now.
See my comments from the other day.....I did say it was just panic selling and over-reaction.
Hard to know where the SP is going....would have expected it to have risen by now. Some tech stocks are doing well. If it wasn't for the big drop on the NASDQ the other day, I suggest the SP would not have been hammered yesterday...but it was, so not much anyone can do about that!
The issue with Sophos is that they miss their previous forward guidance each time they issue results and the stock rightly gets a hammering on results day. It's dropped over 50% from year high.
Can't see where the trigger for an increased SP is going to come from as the markets are all over the place right now. Looks like Sophos will stay in the doldrums until the market turns around, which may or may not happen.
The forward P/E multiple is very high compared to other tech stocks and this doesn't help.
Can't see it dropping any further as it appears that the technical bottom has been reached now.
Well surely didn't expect this Much of a retrace but that's the markets for you..expect the unexpected. I took this as an opportunity to top right up. Should be a steady rise on up from here. Will be interesting to see if this will open any higher than 3.25
I suspect the drop has something to do with this 'Shore Capital downgrades Sophos to 'hold'. Prospects don't look good for the next 3-6 months apparently!
I can't help feeling this is going to get worse before it get's better. It can't seem to hold a circa 3.15 price before slipping back to sub 3.11
Expected to open higher according to news reports based on renewed talks on US China trade deal. This is probably what causes the up/down sentiment depending on what get's tweeted by Trump
I had a level of confidence with this share that it would be a good prospect. Now i'm not so sure as it seems incredibly reactive to the extreme to negative market events.
I thought KAZ was a volatile share! How can this go down 40 pence in the space of a day following an already immense sell off last week!
What is going on with this share? It just keeps plummeting even though there is actually positive company news posted about potential new growth opportunities! Surely the panic selling has taken it's toll?
I sincerely hope you're right FTSE12 as there seems to be no bottom to this drop. I thought the lowest would be 3.20 ish but just seems to plunge ever lower!
Hold on.......the SP will rise. Panic selling should stop today.
Panic selling will have cleared out majority of PI's who bought in since last Wednesday....and then watch it rise over the next few weeks.
I was £500 in profit this time yesterday....now looking at a £3k paper loss.
Sometime it's best not to look at the SP for a week or so.
Tech stocks are being hit hard on the Apple drop.....and as usual, all tech stocks follow with the panic selling.
Same happened in October , but the markets pulled back.
Once the panic selling on Sophos has finished, it will recover, albeit slowly.
I'm holding and will see where the SP is by end of November.
Market is very volatile at the moment.....lot of panic selling on the U.S tech stocks, hence Sophos is following.
I'm holding a large paper loss but won't panic.....let the markets sort themselves out.
Sophos have an in-demand product.....Cyber Security is not going away and will always be in demand.
I'm fairly confident that once the panic settles down Sophos SP will normalise. I'm certainly not selling at the cheap SP. Give it a few weeks and you'll see the SP back up to £4+
Elise....panic selling is primarily due to U.S tech stocks dropping.....don't worry, it'll pull back. May take a while but I wouldn't panic.
Has some bad news just been leaked as this is plummeting?
I am looking for a move up to 370p Monday.
I expect the SP to have a decent bounce next week. Expected the drop today due to 10% bounce yesterday.
It's now at a very decent price.....wait and see how this increases next week.
SP will get to £4+ Maybe not next week, but I'd expect a climb to £3.80 by end of next week with an additional push the week after towards the £4+ range.