RE: Oh Dear !!!21 Nov 2019 10:10
This is why some investors are stupid:
Yesterday, the share price was c. £2.30 and had been on an upward trajectory. All of the issues alluded to in today's update were well known by most serious investors. What was not known was how well UKPIL had done... and how well GLS were doing. Today, its confirmed that profit will meet expectations and it dropped 17%. The conclusion my dear friends is that a lot of shorting took place this morning... i.e. non-investors flooding the market with shares. Tomorrow, you will find out, or perhaps early next week, just how much took place.