63K sells and then a wopping 848K sell reported by advfn at 342p lowest sp of the day which I guess looks like a sell with little change in sp
how do you keep track on trying to analyses that?
jolly spec
are you sure it is overbought-RSI is just over 50% and heading upwards into overbought but it is not there yet
sp is just above upper bolinger band and so again heading into overbought territory but historically sp has driven the upper bollinger band upwards by some degree until RSI hits 70%, also the MACD line is still gaining on the signal line
furthermore no heavy profitaking yet as buys exceed sells according to advfn
so seems to me someway to go yet before retrace
see saw sp at the moment-concern over 2 x 185K trades at the same price of 40.65p the first being close to the bid and registered as a sell, the second 2 mins later after a sp bid fall and showing as a buy--my guess is that they are both sells as bid then fell--could this be more shorting as seldom do we get such big trades
I only came in at the end of the Q&A to hear a really expert view of the bond issue suggesting it was highly risky, the person also referred to the shorting as a real problem for GBO but highly commended the current Interim results-GBO counter argued the Bond issue but did not want to discuss shorts in public
can anyone else present a summary of the Q&A
at present time according to advfn1.84M sells and 211K buys
I know some sells may be buys and vice versa but the trend is there on the sell side methinks
so with about 2M traded that equates to some £680K which is insignificant compared to a mkt cap of some £130M
hence the sp is hardly shifting although there is a slight movement upwards despite the sells which is remarkable the day before results--
why??--this is aim and my experience with other shares is that the MM's are holding back , selling at a higher price today for a fall tomorrow-so there seems to be something else going on not revealed in the July trading update--I really hope not but would not be surprised if there was