Scoot (SCO)
- Thread starter shelman
- Start date
Hi Steve,
I did not see the 2 mil trade but advfn confrims the 1.65 mil. and 4.8 mil. buys..thus leaving buys about 4 times as much as sells: 11,198,580/3,735,988.
If you're following SCO..also note that the price popped outside the bollinger bands (narrowing in 1 month timeframe) which usually results in a bounce..
best wishes..
rizgar
I did not see the 2 mil trade but advfn confrims the 1.65 mil. and 4.8 mil. buys..thus leaving buys about 4 times as much as sells: 11,198,580/3,735,988.
If you're following SCO..also note that the price popped outside the bollinger bands (narrowing in 1 month timeframe) which usually results in a bounce..
best wishes..
rizgar
Not sure what significance the trades will have, but since the beginning of October it has gone through the lower BB on 8 occasions and still headed down. Other indicators show this stock to be very bearish. My view is steer clear for the time being.
Who knows whether it is the Market Makers playing their usual games with this one.
John
[This message has been edited by Uncle (edited 26-11-2000).]
Who knows whether it is the Market Makers playing their usual games with this one.
John
[This message has been edited by Uncle (edited 26-11-2000).]
This is an easy one - in the short term they are in the toilet!!!
To Sept '99 made a £20 mln loss and were £25 mln in debt.
To Sept '00 made a £39 mln loss god knows how much they owe now but they did buy Loot.
Revenues are far from impressive but they do appear to be in cash to the tune of £41 mln ???? £ or $ i'm not sure.
I bought at 191 and again at 169 nearly as bad as Thus - NOT my favourite shares.
IMHO follow you charts, but solely on the basis of fundies - steer clear.
Cookie
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To Sept '99 made a £20 mln loss and were £25 mln in debt.
To Sept '00 made a £39 mln loss god knows how much they owe now but they did buy Loot.
Revenues are far from impressive but they do appear to be in cash to the tune of £41 mln ???? £ or $ i'm not sure.
I bought at 191 and again at 169 nearly as bad as Thus - NOT my favourite shares.
IMHO follow you charts, but solely on the basis of fundies - steer clear.
Cookie
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