RE: 167 or 169 ?5 Mar 2021 18:22
Tatty - I suspect many very large PIs will be looking to derisk their position now (some are still holding from sub-10p days. Hell, even I've sold 30k out of pure boredom, and I'm a nobody), while IIs are hoovering up whatever's getting sold. When the news hit, IIs will get preferential rates and jump in quick, so will still make a massive gain on good news (say, 4 bags instead of 10, but almost risk-free vs gambling the pot on successful trials like Polar or Amati) , while PIs will be locked out. So little incentive for IIs to jump onto the gravy train, unless one of them jumps first to pick everything up at this level. At the same time we're approaching the end of the opportunity to sell and derisk before any (potentially negative) news.