Member Info for 5eightsaccount

70p + Onwards and Upwards !

I would like my two pennys worth if I may. I use to work in the city a while back and we use to try and keep prices down if we heard any rumours about possible coporate activity concerning any company. In fact we use to try and call the price lower in order to accumulate cheap stock and take advantage on the fear of investors and thus try and maximise our own profits. Speedy is a classic example. Let me explain further. If you look back only a few weeks ago any sale of the stock above say 10,000 shares resulted in a slight markdown in the price of the stock. Only a few days ago the volume was over 10 million shares and 93% of the volume composed of only three sales, 6.5M, 1.4M and a further 1.4M. And tthey were all executed at the current bid price of the stock at the time. The stock has settled nicely in the mid to higher 60s level after spending a whole leap of time just above the 50p level. The latest statement from the management shows that the company has risen from the abyss of the 70M loss a few years back and with the construction sector heading in the right direction, a low interest rate enviroment and long term contracts being awarded whats not to like ? I've held my breath for the last few days but I hope this will calm all my fellow shareholders.