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Technology Stocks : AFC Energy

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To: miningoz who wrote (9)4/26/2014 9:36:43 AM
From: miningoz   of 28
 
And finally…Quindell

It has been a rollercoaster week for Quindell ( LON:QPP) with the shares hitting a high of 40p and a low of 18.5p on the back of a report that all is not quite as it seems with the business. We at Shard like the shares and supported them in the 16p fundraise last year. At the time of writing we were expecting a detailed RNS either Friday or early next week to respond to this speculation and hopefully put the market straight. To me this moves seems overdone considering the company behind the report has made no secret of the fact it is short of the stock. What has probably made things worse is a series of stops being hit and people trading on leverage being closed out, making the decline much worse. If this Quindell’s response lays these allegations to bed, this could give believers a chance to top up at lower levels.

*The views expressed are the views of Shard Capital and should not be construed as investment advice, as we have not assessed your individual suitability for personal investment advice.
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