I always thought the 250k was because some are dealing those amounts. I used to speak with someone actively swing trading large amounts on a pension fund near to retirement, considerable amounts but small % after a lifetime of saving I guess.
They stopped some years back and went back to passive again because the market barring last autumn isnt as 'interesting'
WPCT weakness seems an interesting case if its not leveraged especially or with liabilities like we'd normally see in a sell off like this then its a play on perception of performance. I've yet to see a really good article on the various pros and cons to it so far, seems similar to a bank run dynamic where it has a feedback effect. If its not leveraged or going to suffer internally from the negative price, etc and is a large discount to assets, I dont see its as weak as it appears or as serious. Obviously he should have kept a lot more liquidity or large sellable assets to hand, thats how his old funds were if I remember right still much in majority with large cap
JII issued warrants I used to own some. That was a source of funding to them and profitable for holders if the fund rose, I wonder if he has options like that.
SXX fell out of its range from rights, now a discount to the 15p, definitely weak now in a mirror of its 20p quick rise I guess a careful look at volume here might help show how seriously it might continue a decline, with so many large long term backers I dont see price as giving much information unless its also large volume. If its not going to get interesting till 2025 its relying a lot on speculation and is subject to volatility and swings up and down. Im very interested in how news and development plays out
Weir buy at 1485 with a stop at 1425 roughly I would like to see how that plays out. Its been a good long term performer for me previously with yield but I've read zero on them recently so cant say I have any confidence just I like the chart. It might be smarter to buy on strength over 1600 as thats an area of higher volume and so likely resistance then support if it can close above there weekly, monthly
The news on Morsi dying in Egypt I thought was relevant to CEY and possible upset. but also it could be nothing, very risky stock I always think but it pays and should do well with gold. AAZ doing ridiculously well, probably many others.
I need to read up on ACA also, with ABX making an offer to buy out the stock but its a discount to market price [I assumed ABX could force a buy out as they own most of ACA anyway]. I own ABX via a
fund so I guess I'm good, they like their deals but can they do one with Tanzania, impossible to know
