...the sector generally has been downgraded by various brokers. This coupled with warnings over future job losses has caused the large drops. I too have been caught-out on this one - i swore Id never average down, and thats just what i did!
...however, Souter and Gloag have bought big at these levels, so they must have confidence going foward. Fundamentally a sound business.
...would like to know what other (more experienced) investors think.
Crickey, ive hsd some stress with this one! A classic case of when averaging down is a bad idea!! Souter/Gloag bought more shares today - 25% between them now. Anyone got any views on this share???
With respect ill take your ramping with a pinch of salt. You were ramping London Scottish 2 days before it went into admin, and have been extoling the virtues of Blinx as it fell 60%...
Been watching this for a while. Anyone know why these fell today so much - I cant find any particular news??? I know the sector is vunerable but 18%???
...ill be in when i see some stability. Not reliant on construction, so should be ok in the med/long term. Definatley oversold but no confidence in sector.