Share Price dropping like a stone.28 Aug 2019 20:47
Good Evening.I have been following SLN for about two or three weeks now after I noticed that it was at the top of SP increases one day.Looked at the available info and saw that the SP was rising dramatically after a tie up with a US Drug manufacturer that looked like a great deal for them.When it got as far as 2.24 last week thought that I might take a punt as all the fundementals were in place.However since the high the SP is going south at an alarming rate,down 39p in just over a week.
I can't see anything that has dramatically changed in such a short period of time,no bad news,nor no good news.I have been watching the daily volumes since the 20th and they have been very low,less than 10k some days.Today was much changed volume wise in excess of 300k,mainly sells and one 100k sale.As I hadn't seen SLN till the positive article about the tie up, is this share one that is being manipulated by our old friends the MM's or are there shorters about.Is there any bad news stories hidden away.? Still think that this share is worth a punt,any info or advise from current holders would be much appreciated. Gotmiester.