Speedy PLC Shares – What next?
Speedy PLC Shares – What next?
Short Term
Ok we’ve seen during the week that through the demand of buying shares can increase the share price of speedy and then fall dramatically when people see the high price and want to sell their shares for a profit.
It’s a bit of an up and down game.
Now, on Friday we saw again a closing price of 35p! – but can this share price hold the weekend for the opening up of the market on Monday? – I think it won’t fall as much as it did throughout the week (because of the announcement of supply contract) but I do believe a fall down to 33p (being high) and 32p (being low) could happen on Monday… That’s if people get greedy and sell their shares.
It’s also a bit tricky trying to second guess the market but although every day is different, patterns can emerge and show themselves…
Long Term outlook
I think in the long term Speedy shares will pick up again but due to the amount of shares now in the market (over 500m) I think this volatility can be expected for a long time. I do however think that although there will be ups and downs I think there will still be a steady increase in the value of the shares, so perhaps selling them right now for quick profit might not be on everyone’s mind? – Although tempting.
Again, I’m not here to advise or anything, I’m just here to express my own personal opinion. Do not buy or sell on based on just what I say. Do your own research, look at the market and the industry and the company’s performance, then make your decision!
