Ratchet expectation30 Jan 2019 08:39
As a huge GGP fan, if I had one observation about short term SP movement, it is that PI's seem to have a short term memory and expectation appears to follow a ratchet effect, in that the next piece of news has to be better than the last or it is considered bad news. That observation can equally be applied to most other AIM stocks I would add. In this case we have had terrific results for Haverion so far and expectations are high if not higher at this point for subsequent results. I will watch reaction to the next news with interest but I will not be panicking or trying to play the market if there is a short term retrace because we will have seen it all before and I am totally confident in the medium to long term potential of GGP!
ATB