RE: bounce16 Nov 2020 12:31
"Dealers are "clearly optimistic" about the possibility of a Covid-19 drug, said CMC Markets's David Madden.
"Adding to that view, Ocado, the online supermarket, and Reckitt Benckiser, a producer of cleaning products amongst other items, are in the red. Both stocks benefited from the pandemic and now it seems that dealers are unwinding their positions," said Madden."
Which is understandable. It doesn't diminish the underlying merit of Ocado in my view. I'll wait a little longer hoping to pick up more for a good price.