RE: Exiting Short positions or Accumulation??14 Nov 2023 18:01
Rc I have a core holding and others I bought when the volume started showing yesterday all of which I'm still holding. Just happen to think it should be much much higher if the deal is sealed.
In my opinion, today marks absolutely everything that is wrong with the City and why many companies are choosing to delist and relist elsewhere (US) and why very few are actually choosing to list on the LSE or UK markets.
For months this shares has trade back and forth as some of your II's buy the shares then when they decide to sell they have increased on the financial instruments side and then they do vice versa. All quite contrary, nice profit and regular income for everyone moving it back and forth and everyone lives happily moving the price up, down, rinse repeat.
Has been trading recently not far off 23p and 24p and was recently 21p. All undervalued imvho and given it has negotiated the pandemic and cost of living crisis to good effect and with high occupancy of the estate and repurposing of premises where necessary. Nowhere near Sum of Parts for all the parts of the business quite clearly.
Then yesterday Sky News break the story and in a flash you could actually see the clamour to buy. Shame the news broke so late in the day or it would have ended much higher. Then a pause overnight and some get the chance to think and strategise. Treads water today while big trades like the 3 Million trade pop up and get ushered through. Ones that would normally move the share price. Hardly a blinks of an eye today - and at one. if not more points today the share price actually was in the Red and excellent US inflation numbers have caused some further interest.
Upshot being that nearly 43 Million shares get traded in HMSO today. Simply WOW, compared to normal daily volume averages and forgive me for saying this but I can't see many selling !!)
By the way British Land made bigger gains today with +7.29% and they aren't in detailed talks to realise a vast sum of money.
Lastly you shouldn't use anyone on bulletin boards to try and assess what you yourself should do. These decisions you have to make yourself.
GL with your own investment strategy.