The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Screw the support levels. Best to inverse standard procedure and logic during times of panic if you are OK with the volatility and associated risk. For that reason, I'm in and plan on milking this for at least a few %!
I think that there is an asymptotic upside to this share, but short term that announcement later on may prove to provide a good buying opportunity as the market will probably poop its pants a little bit when the inevitable is announced that the scheme is not being rolled out this month, instead being pushed back and they are only now thinking about planning it for Nov. Just my 2c.
If someone wanted to sell 10M shares, they could opt to do this via an Iceberg order where they only ever show the "tip" of the order on level II, such to avoid buyers suddenly seeing a sell wall of 10M shares, so only a peak of the order is ever shown, then once fulfilled the order can be printed (anecdotally this is usually displayed after hours). Look into it yourself too, as that's my best explanation and might not be 100%
Just looked up the new CEOs previous company he was with, SOCO, otherwise known as Pharos Energy.
Look it up and see what he did there.
-97% stock holder value wiped out over the last 6 years
LON:PHAR
Overdone. Free money.
Do we know why the doc resigned from his post as CEO?
Incredibly smart industry expert, without him I'm not sure how to feel about HUR. Was it because he knows that this won't work out after all or what....?
No but watching closely. It's entered punt range, but remains confusing.
This company seems to good to be true... What's the catch?
Indeed something peculiar is happening. I was very tempted to buy but I was under the impression that someone was submitting iceberg sells to thwart the more recent buying pressure. Only a few thousand shares on the Level 2 order book yet I was still able to buy under the Ask price which is somewhat rare. Regardless, the report IQE recently put out is an excellent read giving lots of faith (a plethora in fact) to anyone that is currently under. In addition to that $AAPL has performed well. So hopefully a continued on-wards and upwards from here for you all. I'll buy in again once more on any further nonsensical drops that seem to occur on this share ever so frequently.