RE: Uncrossing Trade (UT) and our Friday BIG One30 May 2020 12:30
I agree with Tom in that the opening price on Monday will ‘appear’ to be down as the UT of 10p was not the actual closing price.
If anyone on here is interested there is a long time (and very respected) poster on the 88e board who has studied this UT action on 88e for some time. His theory is that the UT distorts the closing price so that an UT higher than the actual close (as we had yesterday) results in the share appearing to open down the following day whereas, if the UT is lower than the end of day price the opposite is true and the share price opens up the following day!
I have no idea how accurate or otherwise this is, but will be interested to see what happens on Monday as the difference between 10p and what is shown above is fairly significant!
Let’s hope whatever the outcome the general direction if travel continues Northwards towards Spy’s “strong feeling” figure which would be monumental for many!
VGL all!