Realitycheck6 Jan 2009 16:13
Honestly... I have no idea. I do not pretend to be a seasoned trader. I've only be in for about a year, and on a comparitively small spread, all of which are Real Estate or Real Estate related. Stick with what you know, I figure. As for recent transactions... very large numbers shifting. Much larger than recently. But the trend today on SELLS has been UP. Very odd. Then there are some very small trades... just one or two shares which cancel out any gains. If I was a cynic, I'd say that someone was selling one or two shares to deflate the price... maybe a shorter. The bigger trades - I'd guess the sellers were large portfolios who are correcting their spread. The buyers... hmmm. Difficult to say. With the St George taking a huge stake, I wonder if it might be DTZ directors buying. The new CEO has publicly said he is taking £1m worth, but I cannot remember if it is from the rights issue or existing stock. Assuming that DTZ survives the current economic climate, I do believe that they will very well. Personally, I'm in from £3 (Oct '07)... so I either have to cut my loss, or hold on for the bounce. Not made my mind up yet.