RE: FTSE25031 Aug 2019 20:34
Hi Investor, relegation from 250 will not come as a surprise to the funds managers, many of whom will have sold off in anticipation, reinforcing the shorters position. I anticipate that the SP will continue to be rocky because the market likes it that way and because sentiment and fear still rule this share. Relegation could also be a turning point and spur things into action - MTRO is priced to go bust but it will not and the upside is considerably greater than any remaining downside. I bought in too early and although I have averaged down I, like many, sit on a loss but hindsight is great - I can and will hold as I believe that this will become one of the best decisions I have made this year. GLA