some people will be selling now..."knowing" that if they sell now they will be buying them back at 30P....Just whether the allocation is scaled back is the question
millions of shares are about to arrive at 30p cost. Many of these will be forward sold. So the MMs will keep the share price down here to minimise any profit you might make by forward sale. After the 30p issues hit peoples trading account many will sell. Lots of people plan to take up their full allocation at 30p and sell immediately to make a fast 10%....so I imagine we will be down here well into 3rd week in July...so dont look!!
his new id is spartan attack...I sell out now whenever he shorts a stock I am in...I sold SNG at 46...went down to 34. I sold out here at 32p. Bought back in just under 7p. Trice needed to go...I think we are up for sale now
agreed...its the collections post April and the forward looking vision we need to be optimistic...then we are in the money. I see no reason this wont be so ....do you think the delay in results was partly because they were looking at buying Amigo? Someone was looking and then pulled out imho
been as low as 8.4 in the last 3 months....there will also be a question of trust if the results are bad...the update from April was actually very positive...
so could go down quite a high percentage...but all the signs to me at least are that it will rerate positively...but dyor as always