No News is Not Bad News12 Sep 2019 13:48
Don’t panic…this fall in SP means very little. Quite simply when more people are buying than selling the SP rises, when more are selling than buying it falls. On positive news it rises quickly, on negative news it can fall quickly. On no news it drifts, under the force of gravity as much as anything else, nobody buys on ‘no news’, but some may sell, for many reasons, impatience being one of them.
We currently have no news and the SP is simply drifting as some investors realise their capital, find other investments or simply get bored. Nothing has changed in the last week, lots of speculation on results, potential income etc. but in reality nothing we know for sure has changed.
I see no reason to stop backing this Company, the SP may continue to drift, up and down, but as soon as we have news, it will inevitably be an adjustment. If the news is good, which I believe in the medium to long term it will be, then the SP will rise according, maybe quite quickly! In the meantime, everything else is purely speculation.