[Lplate]

Just a follow-up to my Oct 2012 post on the continuation breakdown of FirstGroup FGP.L below 190/185p support (breakdown from stage 3 was earlier at around 300p), http://www.trade2win.com/boards/technica...is-77.html on its recent rights issue it is now around 155p , but it took a long time and endured some moves up to 220p .
Although it broadly followed expectations, it shows that some setups are a lot worse and untidy than others.
The other point is that we are always told that the anticipation of fundamentals are in the price,
and it was pretty clear that the company last year was in a very difficult position,
yet it wasn't in the price at all until the actual rights issue announcement, was it.