Buy or Sell?8 Aug 2023 18:36
The answer is I don't care. A couple of large trades 1 million and 400/- have printed at 102.5. Whoever is selling is immaterial as obviously there is also a buyer on the other side prepared to pay the price. I have been waiting for a long time to see someone buying in large chunks. Who it is I have no idea but that's not important, no need to try and label it as Big pharma or Stateside (sorry Hurstbot) or short closers etc. The fact is someone is prepared to buy, in size, they're not doing it to keep us happy, they're not doing it for charity, it's because someone out there believes!