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Because the market is run by crooks for certain people's gains- us bottom feeder investors have to get lucky to survive in this game. I wouldn't worry though on this share, it'll come back down tomorrow....
Unfortunately i too fell victim for being a novice trader... look at BOO/ASOS when they released great news- both tanked massively. You have to understand that sometimes SP already includes the " great news " so big banks sell it night before/ the morning. Too make a new high it has to retrace as this was massively overbought based on companies credentials pre covid....
This is why 90% traders lose........... get educated properly if you want to do this properly... its very hard to succeed in this game. Ive made those mistakes in my early days. GLA
Yes Short term it will drop as everything is already included in the price. Long term who knows ..... interesting times in the market - it’s all over the place - needs to settle down. Once vaccine is confirmed and working things will be clearer , then it will just be Brexit again ;). D
Quote- Stockopedia
2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
Net Profit
£m
-2.52 -6.00 -6.60 -13.4 -17.5 1.70 32.2 37.2
You are defiantly no expert...... only 1.7 this year and 21/21 are just guesses before vaccine announcement...
This will 100% drop back to 300 in the next 6 months.............