Very unusual for a stock to rise 62% but the bid actually rose
100% that day, now after looking at the trade data that day which
showed that there was no buying at above 3p and very little buying
at 3p offer either the mm's know something or they were trying to push it or maybe a large protected buyer was in the stock and not filled yet.
Imho and i do hold the stock many holders who would have not been watching
the move because of xmas etc etc will have returned to their screen and seen
the sell price double, i would expect a lot have reach the "it's not worth
selling at 1.5p" scenario but at 3p a few might see this as a opportunity
to get out of what's been a bad stock and this is the price that many bought
in pre results.
Unless a reason for the rise i expect a retracement on tuesday but i think
those days of sub 2p offer have now gone, that was the real value.
Acm Mun Secs Income FD stock quotes
Acm Mun Secs Income FD stock charts
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