Tipped for the third time as a buy today by hemscott the tipping service. Must give them credit for their persistence. Result being numerous small investors buy in with a huge late sell. You can make up your own minds on that sell which was a T Trade. Someone has been waiting to offload for a while due to this illiquid stock I feel. Could prove fruitfull medium to long term but who knows in these silly markets.
Look what Hemscott said about mrw only 3 weeks ago and they have risen nearly 10% since:
Morrison shares are down from 250p in March to around 170p. Despite a rise of 0.75p to 172p today they still look vulnerable. The floor at 180p that looked likely to hold after the fallout from the profit warning has been broken.
This once solid business is best avoided for now, at least until the shares settle again.
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