RE: UK Stocks - Watchlist and Discussion
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
Nessa: "Why?"