RE: Red day11 Apr 2019 13:38
I jumped on the bandwagon yesterday when I saw the steady rise and purchased 20k @32p. I was so tempted at 21p but was holding out for a further drop. Could have made a nice small profit when it went to 38 but hey ho, will have to wait. Do you really think traders are in and out for 3%? Seems unlikely to me. With this level of volume of trades it is very strange that the price is staying steady around 30/31. Market maker maybe balancing off big order books on both sides? I guess eventually the pressure of buys or sells will eventually take it one way or the other.
I am increasingly of the view that any fine will be a negotiated one, considerably lower than 3bn. If the market takes this view then there should be some good upside potential here.