A lot of people will have seen the big rise here and assumed its just KBE doing its usual monthly spike. A bit of digging will reveal that this time its a rerate. Once the masses realise this the real rise will start.
Surely a holdings RNS is on the cards. Just looking at the first few trades today there were buys of a one percent and two percent of the company. No idea why, but someone seems to be loading up.
I was wondering if it was being held down to generate sells to allow a move back up. I think it might actually be done rising for now though - whens next news expected?
Surely its the traded volume as a percentage of the shares in issue - or probably of the shares in free float - that counts, not the number of trades that are executed that's telling?
Be interesting to see whether all the holders who get home from work tonight and see the rise sell first thing in the morning, or read the news and buy more?
Tomorrow will be very interesting. Very rare that any share rises on a Friday and doesnt pull back in the last hour or so. From which I take it the strong buying that lead to Fridays rise will continue this week.