RE: Vaccine news11 Nov 2020 21:51
Think of being one of these traders in the city who have to make intra day money. The whole market is shifting into value.
Do you sit on SYME which has been declining for weeks, or move into oil, airlines, travel, leisure, etc, which have the momentum. It's a no brainer for them.
So while there is no bad news at the moment, there's just no news and nothing to driver it upwards. My theory is that's what's driving this down. At this particular moment of time with these external factors (the vaccine) it's not an attractive punt for a trader.