RE: Sell or hold2 Nov 2021 15:17
With all the 'bad' news widely debated and out there to me the sentiment will improve. The august 'spike' was off the back of a pretty good future forecast and notes, so its clear the biggest stumbling block is confidence in the share.
Clearly there is none.
Counting it up since DHSC fiasco we hit 440p that day and whilst it rose its only came close in August to getting 'back' into and holding the 4s and then it surrendered that position, again.
Clearly if there is good news given the well known cash position it will move up and may even eclipse 400 again, that is the big debate, WHEN?
It should happen, but doesnt mean it will and also at pace.
I would expect a very wide range to be created with possible % lifts of 8/10/12 in a day feasible but also chunky sells at 400-500 range for all those who have been burdened since April.
Realistic to suggest - news this will push up, no news then its 240-280 range. When could news come, well I have seen one note theres a DA update pending so perhaps that will offer an insight.
Whilst tempting to throw this in the bin you never sell on the drop!