RE: go careful guys...13 Oct 2017 11:09
Fair enough, Renard!
But let's remember that when it rises, it rises, and when it falls it falls. Never mind dodgy news or large sells.
Still I agree that the current thing is short lived.
If PFG fails to rise above the crucial 920p (thus II's coming in), then TA retrenchement down to 860p by Tuesday or Wednesday next week. Also the 850p might be filled.
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"The prob here is what they didn't say in the RNS. What they did say has obviously given people relief that PFG are not threatening some form of administration but once the detail comes out, then we could see a swift reversal. They have , like all executives, sugar coated it to avoid an initial bad reaction but I think through a process of market osmosis, they SP will weaken and drop, maybe as soon as this afternoon."