This is always a good sign in tech terms. When rises happen on increased volume it shows that there a lots of buyers to soak up sells from fatigued holders. I am optimistic once more.
Correct re SMA but the gap I refer to was the rise in late Oct where price gapped up and technicals suggest these gaps usually get filled before further progress can be made. There are exceptions of course but it does seem to hold true a lot of the time and tech traders may have been looking for that signal.
Look at the chart here.
http://www.aastocks.com/en/stock/detailchart.aspx?symbol=00575&hb=0#GTop
It looks to me like interest is building as we finally approach actual launch, as you would expect. Chart looks good for more upward movement as progress is made.
If there's arbitrage to be had, someone will be able to deal on both exchanges and will even it out before long. Might be under radar at mo due to NEX listing but it'll pop up on someone's screen soon.
If you think about how much effing about it takes to get the papers sorted for buying/selling a house, I can imagine lots of reasons why it could be delayed. Lawyers on holiday or sick, replacements not up to speed. Not holding my breath.
As I understand it , the restrictions only apply to SIPP accounts at Barclays. They sent these letters out in error. I got one and donlt have a SIPP with barc, only some DOR in an ISA, which is fine.