Why the rise ?14 Apr 2020 11:37
Firstly I wish everyone on here the very best, and sincerely hope the rise is maintained for you all.
I sold out on Thursday, too early, and wish I had held out for this morning's rise - but I would have still sold out then.
Whilst there is no requirement for MTFB to issue and RNS, unless they have to impart market information, the question still stands as to why the sudden & meteoric rise ?
Is there news lurking, wishful thinking by PIs, or purely a pump & dump (unlikely).
We have all seen shares where there has been a buying frenzy (aka wishful thinking) with the subsequent jump in share price, only for the same buyers to then sell into the rise.
Whether this is what is happening here, who knows, but on the basis that this was priced to fail (which it was going to do literally a few days ago), has anything actually changed - other than the sp ?
Finally, genuine good luck all, but in case I'm right, be very wary of any sudden spike on no news.
GLA
Cheers