The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
IT was purchased over weeks and months prior , only when the order is filled does it become reportable . The large positions taken can take years to get into and out of , think of it more as buying campaigns , buying on the lows of the range each time it hit the lower level they buy more.
Bit of strange one, my broker has asked me to close my short positions and close the account , they dont like it when you win .
I closed my other short yesterday and banked the cash , must of sent alarm bells ringing .
GLA
Surely you can find a better company to buy than this , it dont even make any money ,now has the uk government as a new competitor, so many people will be working from home in future . What is the appeal , other than its share price has fallen .
Nice one , at this rate you may even recover some of this weeks loses , your still down 6.33% on week . I wont comment on your 3 months losses.
I would wait for a 6-8 week base to form before buying in , you have clear institutional involvement , if they intend buying back in, which i do not think is the case ,they will need time to build there position . Unless you see a large increase in volume i would expect most of the buying to be retail investors , trying to average down or catch a falling knife etc .
Time will tell .
Good week end all
Gla
Can you see that the price is being driven down by a series of very small trades , these are being triggered by a algo to move price down its been running most days since the start of March , the market makers are supportive of this in the price action. You dont stand a chance until the selling programme hits target.
Retirement planning ,
Good question , the best answer i can give you is learn point and figure and accumulation / distribution patterns , takes a while . I think it will change the way you trade . TRN is a near perfect example to case study .