foredog
Experienced member
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if you look at the trades most of the bigger trades have been at the bid or below so one of the market makers has bought a lot of stock and is just selling them on.
There may also be a fund of some sort that has lots of these from 50p (?) and is now selling them on the order book at 85p to lock in their profit, until they have sold all theirs then the price will not rise.
There may also be a fund of some sort that has lots of these from 50p (?) and is now selling them on the order book at 85p to lock in their profit, until they have sold all theirs then the price will not rise.
megamuel
Experienced member
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Don't buy on share tips from Midas! I made that mistake when I first got into this game. They recommended Aricom so I bought a load at 96p.... They promptly fell to about 8p. They also recommended Mercator Gold which I bought. They ended up de-listing. A few others they recommended I bought on their recommendations and they also tanked. The ones I bought on my own research - Dragon Oil and Petrofac to name two did much better and are now in profit. You are better to do your own research. "The Naked Trader" By Robbie Burns has some good info on fundamental analysis, tells you what to look for in terms of P/E ratio, Net Capitalisation etc... Based on what I learnt from his book I made a questionnaire to fill in about individual companies, and the ones that did best on this I made long term investments in. Works much better than Midas!
