RE: UK Stocks - Watchlist and Discussion
(2014-02-12, 09:53 AM)MalcolmSm1th Wrote: Thanks for these.
Allocate Software (ALL) looks very interesting. On my charting application I can see Directors' Dealings and there's a cluster of SEVEN Director sales on the previous high (November 2013).
The sales co-incided, or caused, the share price to fall from 115 pence down to 96p.
The share price then recovered and has just exceeded the point where the directors sold a total of three million pounds worth of shares last autumn.
Whether this makes this particular even stronger because the stock recovered despite of these sales or that we may see a sell off here as people getting in at 115 may want to get out 'at evens'.
I know that everything is in the Tale of the Tape but this is the tale of the recent high and subsequent pull back in the tape and I thought that this may be of interest to the board.
- Malc
That's interesting. I think what was notable to me when I came across the chart was that on the pullback the volume dropped to well below average and subsequently increased again when the upward momentum reasserted itself. So that's a good sign that the director dealings didn't panic anyone, as volume would have increased on the pullback if it did.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.