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I've got this on my IG screen along with Nova and it is interesting to note that the volume indicators are black, just no real volume here yet, I wonder if it is one that any of the institutional investors might be watching or just small fry to them?
Was there a big late trade? My share account is showing closing price of 16.25?
Just my take on it but I'm not too frightened to see profit taking, given how some of the shares in this sector have rocketed recently. The underlying knowledge that there is a lot more grief yet to come is weighing on everything, even the companies set to be making income from this crisis. Time to hold tight and see where it all ends up.
Can anyone out there who has been keeping track give us an idea of how many of the placing shares are still to shift?
Looks like the gap filled on Nova, they need to push up a bit as there is no doubt that YGEN will follow that up trend when it happens. They have experienced a whole lot of upside recently so profit taking was inevitable at some point.
The market is in a very uncertain state but generally speaking I don't think we've seen the bottom yet.
Good to get that gap out of the way, underlying market uncertainty isn't helping so people taking a bit of profit. I think this sector will perform better than most at this time, just needs people to calm down and see the woods for the trees.
There is a massive market potential and it isn't going to fizzle out in a couple of weeks!
Looks like a bit of profit taking in the Covid test sector, probably a bit of fear over the underlying downward trend. Hopefully that will settle as people realise it is one of the likeliest games in town!
32p and I'm in for a new luxury kitchen!! :)
15 share trade near close today! MM signal??
Anybody see any auction at close or aftermarket trading? It seems to have settled a bit higher than my IG chart is showing according to the prices in my share account???
How is the book looking now? Still much to shift?
Taverham.
There we have the glass half empty version! LOL
TomE,
What we also have to bear in mind is the way in which TW restructured after the 2008 crash, they made it into a fundamentally stronger company IMHO.
They realise that we aren't even in the tunnel yet let alone seeing any light at the end and have mitigated against further bad news in a very responsible manner.
For now I'm investing short term in companies such as Yourgene Health, one of the few on my platform showing a bit of blue.
My strategy with TW is ride this out until it starts to look better then back in for the dividends that will inevitably return IMHO It will be one of the core stocks in my SIPP, which due to my pension age having been increased, will be very important.
As Arnie would say "I'll be back" :) :)
This could well get interesting!! In a sea of red today this will start to stand out from the rest and could attract buyers who are out of other tanking companies?
What a reassuring RNS from TW!!!
It shows great responsibility and the directors will to take a salary reduction!!
Hats off to them for taking their part in protecting the company!!!
Times such as these sort the men from the boys, give yourselves a big round of applause guys!!!
The rally we've seen in a very short time, from a massive drop, the rapidity of which none of us have ever seen before, during the early stages of this crisis are great opportunities for short term trading.
Personally speaking, having bought TW shares after the 2008 crash at 8p and selling up everything in my SIPP as the drop gathered momentum I'm holding cash for a while yet.
We are far from finished with this crisis and people are starting to realise what the financial implications are likely to be. We won't be back up and running 3 weeks from the start of the "lockdown" the stupidity of some have made that worse. The Chinese were out of the game for 2 months and the death figures they are quoting are ridiculous; only 1/5 of what Italy has already seen.
It isn't about being all doom and gloom, it is about considering what the likely effect on the markets will be. Some really fundamentally sound shares will ride it out better by cancelling dividends, reducing staffing levels and other general overheads.
I believe (and it is only my opinion) that TW represents a great company that restructured sensibly after the last big crash so unlikely to be one of those that goes under.
I'm expecting FTSE to test previous lows fairly soon and would be very surprised if it didn't break out downside. The banks are already close with HSBC gapped well down today at open.
Keep safe out there folks! All the profit in the world is of no value once you get the wrong side of the grass!!
At least we are currently bucking the underlying market trend, not long before we see testing of previous lows with some of the banks back down to that level this morning! A lot more bad news to come in the next few months!
............can we all agree that there is no April fooling today please :) :) :)
Interestingly, since the shares hit the market, IG wouldn't allow any opening trades on Yourgene, they have now lifted that.
Are you seeing this on level 2 chap?? Could be interesting at open tomorrow if so!