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After a good run , the  price fell back quite a bit today & I don't know why. Can anyone shed some light on this price drop.           Many thanks

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@elle, I don't know the reasons why but it could be any of the following:

  • Investors pre IPO exiting
  • Investors post IPO exiting
  • Some serious profit taking from retail institutions (because they simply have to for performance targets)
  • Some serious profit taking from private investors
  • Speculators exiting on any trend reversal
  • Shorting
  • Just basically more sellers than buyers at this moment

Could the valuation have raced ahead too far without being able to justify it? Was it simply overvalued?

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Hi @elle

I do not follow this share so do not have specific information, but your question reminded me of this from @rimmy2000 that I read recently and found really informative:

 

 

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thanks for the replies,  you're very kind . I just thought that due to the size of the move, there was some news

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If I knew, I wouldn't have asked   !!!!!

Obviously a channel break  - recent director sell,  had quite a run    etc     -  but that's quite a move

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posted on this recently .... bit early on that sell order but not bad.

Currently 300 points in profit. Was tempted to add at 4000 to the short but didn't...  worried about a break. My post below may provide some insight. It's trading pretty aggressive for the fundamentals and balance sheet.

 

Edited by cryptotrader
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On 04/10/2018 at 20:49, TrendFollower said:

@elle, why do you think the price dropped?

What are your thoughts?

Profit taking I think. Markets a bit wobbly and people turning to cash? highly rated share, so risk is high at these levels, imo.

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Profit taking and a solid trend suddenly broken. People have been running this on the upside by waiting for a get out. Guess that time was now. 

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fevertree actually tanking today. Chart below shows entry price of 3650 but not correct date of entry. Seeing what tomorrow brings but likely to close significant proportion

1712927594_FevertreeDrinksPLC_20181010_16_51.png.6f44dea598697fc2a5853385ed84959c.png

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