RE: £7.08 ask6 Sep 2019 10:12
I personally feel that BUR missed a trick by not following through with their original suggestion of a company share buy back. At the time, the SP was climbing on the back of day traders looking to ride into profit and LTH's averaging down. In combination with the notification of the management buys, I honestly believe that the shorts would have bailed out and been forced to buy back themselves much earlier, leaving the SP to reclaim much of it's losses.
A buy-back now is sadly too late, as momentum is now lost and the shorts are well and truly in control of the SP. Now it is down to news flow, time & patience before we see a concerted push back upwards. Still plenty of room for trading here over the coming weeks and months, and an excellent safe prospect for a good rise and healthy profit when the re-rate comes... all just a question of WHEN it comes now.
I blame you Will ;-) Ever since you bought in, my day trading here came crashing to a halt... LOL! If you ever sell out, please let me know... as we may see a sudden spike and I get to start trading again :-)
GLA :-)