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The drop today looks quite dramatic, but there is no huge increase in volume and no bad news that I can find. IMO just retracing a little from the really rapid rise in July. Not sure that there is much support at �21-50 but it does seem to have quietened down around there. I nearly took my profit about a week ago, so I suppose others have done so today? I think that it is likely that it will go back up a little tomorrow, but no trading update expected until early November, so will probably sit tight unless we see the 20's (unlikely IMO). DK
Hi Stellar, It's uncanny how a dramatic drop, as seen on 15/9 when it touched �21.50, repeats itself subsequently. With luck, that level now becomes support.... ;-)
Thanks for the info Wetdream. It did fly through this level up to �24 plus very fast so should have expected it to drop back
A large trade indeed, but not a sustained upward impetus to the sp. There's obviously stock about. The candlesticks chart indicated a drop back to c �21.50 so no surprise we've reached that level.
I initially bought in at �5.90 so I shouldn't get too stressed about it dropping a bit, I keep telling myself
At least its got room to go up again now
I second that! If that isn't a vote of confidence, I don't know what is. I'm still very bullish when it comes to this stock.
I wish that was my £12 million buy just gone through
300p dropped in a month!
your right, just got used to it going one way
New lows??? Have a word with yourself The sharecwas tradin at less than 940 less than a year ago!!!
I hope your right
Recovered minus 4% within a space of few hours I think it speaks for itself. I also think we saw a bottom of this retrace today.
Recovered m
Just when you think its recovering and going up the price then dives to new lows definitely a pattern?
Yes im ready waiting to add but expect it go lower looking at the pattern over the last few days, Sub £21 maybe
I was expecting a retrace and was planning to sell of my holding around 2500 as I felt it quite a lofty price (even though I think it's a great firm). However, I do not think this level of retrace is justified so either something is happening or we should expect the lower price to potential invite some buying.
Yes I agree something fishy going on :-(
Surely this will find support somewhere? A tanking like this can't simply come off a day's strengthening of the sterling off the BOEs rate increase hint.
With this years earnings expected to be well over £50 million the PE ratio is looking good in the 40`s for this year and 30`s for next its misleading still seeing a PE in the 90`s with interims out from July Good value I think with this growth story
SP dropping since Friday? Any one knows why the continued fall besides just £ strength?
The reason for the sp drop over the last couple of days is IMO logical. Future growth for FEVR will be overseas and strong marketing/sales initiatives driving that e.g. China. £ has shot up over the last two days and most companies dependent on overseas earnings have been hit. No conspiracy theory applies, again IMO, nothing more than a market reaction which probably presents the pi community with a buying opportunity
Some nice trades going through ,looks like institutions lapping it all up
News just in from Reuters ** Drinks maker Fevertree dives as much as 11.3% in decent volume ** Two institutional traders cite selling from retail investors that triggered stops on Friday morning; stock briefly suspended for volatility Pretty amazing but fact that stops triggered is what blew it apart. Should recover today
Very odd Hopefully will prompt RNS to say no reason for it Have topped up at 9% down