3er day falling13 Jun 2018 10:41
There is a say " Men Tend To Fall In Love After Just 3 Days "
Well, I did fall for the stock after the spike down this morning, so I bought some.
It seems there is a larger size seller on the market that every so often drops 75K to the MMs desk, another time got 100K, so as the market, in general, is also down, MMs are not in a hurry to get the stock higher while sellers are around.
But looking at the mild negative RNS, there is no such a reason for the savage 39% marked down of the last 3 days, and considering the company has got cash ready for further acquisitions, the low PE will get the stock moving higher soon, but maybe we will have to wait till it reaches 100p, that is what I was waiting for but at that point could bounce too fast to get the stock in size, so I got it now that is not far away from that point.
Maybe there is some stock not showing but so far the buys are 909K v 1,13M sells, so overreaction
quote now 100 v 102p down 11p