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Technical bottom reached.....rising nicely now.
See my comments from the other day.....I did say it was just panic selling and over-reaction.
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.
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.
Makes sense FTSE12. Let's see how it pans out this afternoon.
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
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
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.
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.
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?
We all wish we were in other stocks.
Personally I'd never touch either Retail or House Builders. I do like Mining Stocks, but it's a matter of getting in when they experience sell-off's...they usually drop 3% - 5% on a bad day and then a day later rise 3% - 5%.
Given where the Sophos SP is at the moment - you'll just have to make a judgement call whether to Sell or Hold.
Sophos doesn't appear to have any momentum at the moment - day traders probably don't see any profit opportunities so will always concentrate on momentum stocks i.e. Miners.
Most day traders will have either made or lost money on Sophos last week when it was in the news and have now moved on to other stocks.
Once momentum is lost, a SP tends to just move sideways for a while.