|
LOGICA - whereto from 176p today?
ThisTimeNextYear - Sat, 22 Oct 05 :
Attention Type56 >> You were right about the Logica N/P (Nil paid shares) at mid price 31.5p. This did reduce my profit of course on my short position. However,I still showed a nice profit on the short, which was to hedge my reduced current holding as I was sure the price would fall considerably from 186p.
Medium to long term I think LOG will recover and head back to the 180p levels and beyond. At todays mid price 138.25p - I think this will not fall much further (famous last words).
Be interesting to see what direction this share takes next short term, either further down to 120p level OR will start to bottom out and rise again.
TTNY.
|
|
|
|
