RE: Will there be fun and games on Friday?31 May 2023 20:39
Absolutely correct Hbd- investors sat on the sidelines will wait for early indications before committing- after all the shenanigans with the sp here it may best to buy a bit higher with a much reduced risk factor. If we fulfil our full potential then a few pence here and there will make very little difference in the long run.
Interestingly - and something that highlights the psychology of investing - many who may have bought in at £2 expecting a healthy profit May now be happy to sell out around £2 just to get their money back. A complete reversal of their own sentiment brought about by the fear of seeing their paper losses. This will help ensure an “orderly market”. MMs never lose - and you never see a bookmaker travelling to and from work on a bicycle.
Friday will be interesting as will Monday, especially if Sareum hold back a day or two in order to report more but just in one RNS.