ST SWITHINS27 May 2016 16:51
Usually stay away from the market at this time, however, one of the regulars on GLEN mentioned MKS and its divvy. I didnt immediately look at it, but when it fell off the cliff (Scot_39)...it jumped at me. Further reading and the norm 11p being enhanced by the special, taking the divvy up in the 16p region made my eyes smart. I held back, until entering a tad below 394 ( I never catch bottom)
Yesterday MKS was dithering at the 391 mark, which made me think the price was being held back while a large trade was being settled in that area. This mornings further drop...well, what can I say...the apprentices on the market floor killing the price....some friends buy at great discount....price rises....divvy gets paid...everybody smiles.
I still reckon 391 or near that, is where it wants to be. Markets closed on Monday, so any last minute divvy hunters will need to be smart to get in before 2 June. GLA