Re: Smiley20 Jul 2015 15:34
Like you I am expecting a future SP well in advance of 500 but I believe that, whilst still an AIM share, the MMs will have their fun. We saw it drop to the 220's for no reason at all except for the MM mind games to scare people into selling, selling at least their 166 RI shares for a small profit. Now, in the run in to the takeover announcement that, like you, I believe is a certainly, they are making their money. Once the announcement is released I would expect an SP rise to 290, may be even 300/310. I think that there will be a lot of profit taking then and MMs will use that to walk the price down so that they can fill their boots ready for the FTSE 250 entry and the funds buying in. If this all turns out to be right I will be selling on the take over announcement and buying back in after the drop. Even if there is no drop I can't complain as I am quids in anyway.