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Sp now finding upward momentum for the first time since the morning....US opens should boost the sp.

Not long to go..

Let's see

Bank of England governor Andrew Bailey said today the latest vaccine trial successes are ‘a big step forward’ for UK economy

https://www.cityam.com/boe-governor-andrew-bailey-vaccine-a-big-step-forward-for-uk-economy/?utm_content=bufferda64d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Moderna one-upped Pfizer, offering a Covid-19 vaccine that appears to be equally effective but which doesn't need to be stored in deep-freeze

https://www.bloomberg.com/news/articles/2020-11-17/moderna-vaccine-offers-possible-antidote-to-deep-freeze-problem?utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social

Cinema takeovers back on the card??

Good news..

"Today’s news provided resh impetus to Cineworld’s stock given that its latest rally was boosted by news that from Pfizer and BioNTech that their coronavirus vaccine was over 90% effective in preventing the disease that has ground the whole world to a halt.

The stock’s positive momentum is also drawn from investor expectations of back-to-back movie releases once theatres resume normal operations, which could see cinema chains such as Cineworld pull in high revenues as moviegoers flock back to cinemas.

It is also becoming clear to most investors and industry experts that popular streaming services such as Netflix cannot replace theatres entirely given that its almost impossible for such services to replicate the movie theatre experience."

Cineworld Shares Surge 27.7% Today on COVID-19 Vaccine News

https://www.asktraders.com/analysis/cineworld-shares-surge-27-7-today-on-covid-19-vaccine-news/

Coronavirus vaccine likely to accelerate demand for UK M&A, with pandemic losers such as Cineworld and Revolution Bars among possible targets

https://www.proactiveinvestors.co.uk/companies/news/934060/coronavirus-vaccine-likely-to-accelerate-demand-for-uk-ma-with-pandemic-losers-such-as-cineworld-and-revolution-bars-among-possible-targets-934060.html

In short term, the down side from the current Sp appears to be around 20% (i.e. back to 40p) and upside is 45% (i.e. retest 67p area).

With further vaccine news due imminently from Oxford biotech/Astrazanca, I'll take my chance on the upward movement.

Good luck all.

Steady but big buys coming in (perhaps major ii piling up) so should tick up and retest 52p-54p once US opens.

Let's see...

Cineworld shares soar on Moderna coronavirus vaccine breakthrough

https://www.cityam.com/cineworld-shares-soar-on-moderna-coronavirus-vaccine-breakthrough/

Vaccine news is now priced in...

Need to wait for the next concrete development.

Above 100p close is good...below will mean 90p-95p test

Sp struggling to cross 104p atm

Might close around 100-101p

Let's see

Gap down or gap up in the morning?

Brexit talks ‘in real trouble’ if decisive week does not produce breakthrough

https://www.cityam.com/brexit-talks-in-real-trouble-without-major-breakthrough-in-the-next-week/

https://www.express.co.uk/news/politics/1360650/brexit-news-eu-uk-trade-talks-fishing-michel-barnier-boris-johnson

MICHEL Barnier has insisted he will not drop demands for fair competition clauses in the Brexit trade talks in a warning shot to Downing Street.

EU PANIC: Brussels fears already 'too late' for Brexit deal – promise 'creative solution'

https://www.express.co.uk/news/politics/1360674/Brexit-news-EU-UK-deal-too-late-Michel-Barnier-David-Frost-ratify-creative-solution

Major breakthrough needed to avert no-deal Brexit, says Irish minister

https://www.theguardian.com/politics/2020/nov/16/major-breakthrough-needed-to-avert-no-deal-brexit-says-irish-minister

Perhaps today's brexit news update is making people take the profit.

FTSE hit the wall at 6450 for today?

Let's see...

Strange FTSE rising but stocks dropping....