RE: Opening Price26 Feb 2020 18:08
Call me an optimist. I would be delighted with £8! Several schools of thought. One, it reaffirms the MW report was not rubbish and the share price already allows for the allegations, with the view to bouncing back if they were disproved. Two, reassurance that the decks are being cleared to shake out everything that needs removing. II’s will have taken a view on the worse case scenario, considering MW report, and I think will have measured the share price worth the risk. Three, it’s worse than expected. I have no idea what will happen first thing, but it’ll get kicked around for another month, that’s for sure. And we’ll lose all the gains for the week. If I make profit elsewhere (ESL) tomorrow, might look to trade more of my principal, and reduce exposure, as £15 looks a very long way off.