RE: Looks super21 Aug 2015 15:17
Bonker, it would help if you added some substance to your posts! There is no reason to expect 5s will provide any more support than 14p.10p.7p so far has done. The podcast said this would be in trouble if it went below 7p and it has fallen impressively through that. Now can be bought for 6.25p and if we have a resumption of its trading pattern we will have small buys, followed by a drift down on no news , a leveling off and then below bid dumps. No surprise therefore if we see 5p and then below bid dumps of 4p. In my opinion shares like FLX which have been hammered should be less affected by wider market malaise ( unless sector specific market malaise like oil )and the bad news is mostly priced in so to see FLX tank so much must be very worrying indeed. 25% shed in a few days. The investor who sold 180000 shares and sold today for 5p a pop to make 9k would have had a holding of 108k last year. Ouch!