The Rise and Fall17 Jul 2021 12:00
FWIW, I thought I'ld just share a chart for the last six months with all the relevant , or not, pieces of news marked in.
Don't worry, there is no TA. Just a simple chart of the SP over this period and RNS's that may have had an influence.
You can interpret for yourself which news items may have had an effect on sentiment, the SP, trading ops etc.
Certain ones stand out to me in the build up and the subsiquent fall. Especially ones that gave an actual timeline for things to be completed in or wait for. Things like the defined timelines from 1st spin-out RNS, voting on resolutions, the results of voting and the wait for the court case approval. Others, like the demerger update and the results RNS had knee-jerk reactions but recovered, for a time.
The one that stands out most in the build-up to the highs, and still not sure why it was done at that time, was the public lauch of the DIM paltform. It certainly added fuel to an already rapidly rising trend. But then nothing was done with it as regards signing contracts. In fact quite the opposite was done as was then stated that any contracts would have to wait until after it was spun out. It could be that it was just to publisise it to a wider audience to garner interest. It certainly boosted the SP, if that was the goal.
Anyhoo, just thought I'ld put it out there as it may be of some use in seeing how things panned out and maybe why.
And GL for Monday. Will be interesting to see how it goes. And if all this supposed dumping of OO stock for POLB starts coming back in when people flip there Primary Bids shares for a quick profit. ;)