RE: Opti4 Aug 2019 11:11
Well I'm betting my money on a share price turn in the next couple of days. We saw really flat action Friday pm as it seems all those that want out at the current price have left the party. Smacks a large trade being procesed.
We hear through the grapevine, some large investors are looking to purchase, this normally does not happen overnight and why it didnt happen last week..However price is now very attractive and sells have at least slowed so expect it to happen soon.
In addition we clearly have a good few investors who have sold some holding in the hope of averaging down,as soon as rebound confirmed they may well be trying to buy back.
They know the companies products and business plan is sound, but just want a cheaper price.
Some are waiting for company results, seems any expected bad news is already priced in, so if its reasonable it will also cause a rise.
When any rise in confirmed, many of those that might sell some stock will hold off selling, especially as they know similar circumstances last year pushed us to 130p. Company outlook has improved since that time .
so potentially we have a fair few buyers in the wings, all with the intention of getting stock, and we know the free float is very small. Shares that were bought last week are unlikely to be released before a decent gain is seen.
Throw in the oversold category into the mix and this all points to a potentially pretty hefty rise as everyone scrambles in get in, or back in. One big buy or two will be all it will take to strip the book.
I look forward to seeing it along with the many true investors here.