Member Info for Jagman2011

Today's drop mainly due to Silver dropping 2%.
Just noticed UBS dropped their target price from £7 to £6.

SP was pushed up by the rise in Gold and Silver prices. Then in the last half hour Fres pulled back 2% . Yet Gold and Silver maintained their rise. So only reason that I see was a deliberate pull back. I know others took the same view. Maybe we are just a bit paranoid.

Yes yesterday's market cap figure was used. Personally believe price brought down in the last half hour from 595 to 582 just enough to take us below kingfisher market cap. Manipulation at its finest.

Fres share price now only 25p above its first trading day price in May 2008. (Just pointing it out. Think I need to get out more)

As expected Fres demoted to Ftse250. Hopefully it is already priced in.

Agree with subwave and tiger. To make money you have to spend money. Obviously it will take a while to be back in the £10 area. But I can wait.

Check out what is expected on here. http://www.stockchallenge.co.uk/ftse.php

Up to about 10 past 4, Kingfisher would have left the ftse100. Price brought down and Fres will now leave. £26 million difference in market cap. All stinks to me.

Pulled back down from 595 to 581. Is that to push the market cap below kingfisher market cap to push them from FTSE 100

Thanks Juxtapose for your reply. Helps make sense of things.

Well that was very helpful. Thanks for your knowledge and insight.

Not sure how today's UNC. Trade can be the the reason for the price drop. But is it a sign of a drop tomorrow?

That's the biggest UNC trade I have seen. £118 million sell. How does that bode for tomorrow?

Prediction for monday closing price everyone. Mine is £5.55.

Fres 13/23 bonds up 1.5% Friday trading near 12 month high. Yet shares hammered. Strange.

6% drop in 2 days. If the mm's are aware of some negative news, fres should issue rns and let us all know.
Hopefully a move back up coming.

Something odd going on here. Mm's playing games or something they have knowledge of that we small investors don't.

I don't understand this drop today. Hoc and Cey held up OK. If anything the weaker peso against the dollar should have helped Fres today.

The price drop could be due to the election on the 27th of this month. Investors have been pulling away from argentine stocks, currency and bonds since the results of the primaries in August. Hopefully things settle down.

Have the mm's got wind of something, back to the 9th July price. It's an odd one!