RE: Red Braces Brigade27 Nov 2020 14:30
Many reasons M. Its still quite volatile. I bought in big time before after and during the placing. The Stockopedia Small Cap specialist and former accountant has this as his second biggest holding and expects another substantial rerate soon., has been being up and over £3. There are a couple of potential institutional sellers who did not take part in the placing for reasons best known to themselves . One of which Aberdeen sold half heir position on October Ist, having bought in @ £6+ last year. ouch, which is one of reasons why I don't invest with institutions. The Irish company Stenata has sold down from 11% to 8 % recently. At least they had the sense to wait for a bit of a recovery, possibly got out well over £3.00 when it spiked recently which is probably the second opportunity I have missed to make some serious swing trading money. Will be interesting to see how long they hand on to the remainder of there substantial holding. I would think it is simply money management, they can't be total eejuts! Trouble is it moves fast and irrationally at the moment, as one minute everything is roses and then Astra/Oxford have to admit they ballsed up the basics of the trials. Doesn't look as though that will make a huge difference fortunately, but would be nice to think that the upper echelons of scientists and scholars know what they are doing.