The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
This would be a nice day for a short squeeze.
That's a lot of money :o)
Acuba,
After Covid, there were so many shares that hit 52 week lows.
And after November 2020 when the vaccines came out, most of the reopening stocks shot up.
Since then, so many stocks have hit new 52week lows in the last few weeks. Often even lower than the lows after Covid hit (who would have thought that back in Nov 2020).
Stocks always overshoot and undershoot because that is how markets work.
Share price movement is not news.
Panic when you have bad news. Not when you just don't have any good news.
If you had no idea what the share price of this stock was today. Would you be happy holding this stock?
Is Europe looking to build more oil and gas infrastructure and are European governments looking to build more infrastructure. Are oil and gas prices (lower than the highs but) higher they were last year?
Wood is into more than just oil and gas but these are the things that are in the news. Their last update did also say the turbines unit will make up more profit after supply issues in the second half.
I've owned shares in the past and sold because the losses got so big I got scared thought I would lose my remaining investment.
But most of the times, I would have made a profit if I had held on longer (because I was looking at the price and my losses rather than the market as a whole).
Thant's not to say it's never a good idea to sell. I sold my Cineworld last year and it went bust this year.
Just look at the reasons you got into the stock and make sure the fundamentals are still correct.
Wood is not very liquid and can get pushed up and down more than some other stocks by short term sellers and buyers.
The fundamentals stay the same.
Unlike some big FTSE100 companies and some other more liquid FTSE250 stocks , Wood is not that liquid.
When sentiment is negative and there are more sellers than buyers, the price will move down accordingly (and visa versa).
Just look at a one year chart to see how the price moves.
It's easy to panic or get over excited when looking at the share price on a daily basis.
GLA
I'm not telling anyone to buy or sell.
Just remember why you bought and don't panic when short term market fluctuations cause prices to go lower than anticipated.
The shorts will always use automated trading to lower the price. In the same way, some buyers may also want to build up a stake but use a selling algorithm to keep the price down while they buy up at a lower price.
The only two prices that really matter is the price we buy at and the price we sell at.
As a longer term holder, there is no need to panic if the price is low if the price will recover.
As a short time trader, the more volatility there is, the more chances to make incremental profits.
Wood jumped up 12p on the 9th September with no news.
Can't complain when it swings the other direction.
Let's see what the next couple of weeks delivers with the sale.
Train drivers at 12 companies will walk out on October 1st.
https://www.dailymail.co.uk/news/article-11219203/Rail-strikes-return-Train-drivers-12-companies-walk-October-1-5-pay-dispute.html
https://www.bloomberg.com/news/articles/2022-09-16/train-drivers-set-to-resume-strikes-over-pay
Today is Triple Witching. They mentioned it on Bloomberg today.
I was looking at Petrofac and Wood Group.
Two stocks I was watching also had uncrossing trades at 10:15 so it might just be something at the exchange rather than share specific.
Rather high volume again yesterday. In the last update they said the sale should complete at the end of the 3rd quarter so it could be anytime in the next two weeks.
Rolls Royce were up over over 5% today after their sale completed although they are up less now and I also don't know how much of that 5%+ was because they went down so much yesterday.
Time will tell.
"Er, so was I."
=====================================================
Good.
No no no.
You can NOT rob a bank without committing a crime.
But, you CAN buy/sell shares without committing a crime.
So.
A bank can be robbed WITHOUT anyone getting caught.
But, someone is only found guilty of insider trading once it has been proven someone did it.
Why am I even going through this. I was only joking.
It's only insider trading if they get caught.
I won't mention the T word.
Could be the sale or possibly the court is about to rule in Wood's favour.
There must be something in the pipework. The volume on Friday was crazy on no news.
Wood is deeply saddened by the passing of Her Majesty Queen Elizabeth II.
https://www.woodplc.com/news/latest-news-articles/2022/queen-elizabeth-ii
Synhelion and Wood collaborate on solar technology milestone
Swiss clean energy company, Synhelion, recently announced a major milestone by becoming the first company in the world to successfully produce syngas on an industrial scale using only solar heat as an energy source, through their innovative solar technology.
https://www.woodplc.com/news/latest-news-articles/2022/synhelion-and-wood-collaborate-on-solar-technology-milestone
Always nice to get a positive mentioned in articles.
The trade prices were well bellow the bid prices at the time.
Very strange, there seems to have been two separate sales of 1,433,000 (£2m) each.