Trying to understand20 Jan 2020 23:48
Newbie so go easy on me OK? I've been looking this over and quite frankly just don't understand the response to supposed great trial news last week. So, let me get some questions out of the way.
1. Who leads this show? The cart or the horse? Does US trading automatically follow LSE trading? Or vice versa? Seems to me if LSE leads with continual 5-6 pence spreads, or 10%+, it can and appears to lead to much manipulation
2. I've looked and looked. What caused the recent spike over a pound? Was it staged to give Axis room to unwind?
3. What do you make of the Axis unwinding on good news? Is this an internal issue with Axis that has nothing to do with VRP? Are they market timing? Why are the others like Novo, Rothschild/Andera, Orbimed, Growth Equity not stepping up to provide a floor?
4. I see where Wedbush put their money where their mouth is in stepping up their position from 30K shares to over 80K shares on the news of their own $60 price target. It makes me think they bought Axis shares without knowing it even though two different exchanges. Any ideas why these guys aren't getting together to negotiate these block sales as gray area transfers like in the US rather than open market selling?
TIA. That's it for now.