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Royal Mail shares tumble again

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
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TrueBlueTerrier
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Royal Mail shares tumble again

Post by TrueBlueTerrier »

http://uk.businessinsider.com/royal-mai ... 015-2?r=US

Royal Mail shares continue to slide for the second consecutive day after analysts voiced concerns over the delivery group's prospects.

The Royal Mail stock price is currently down over 2% after an hour of trading at 422.20p.

In the previous session, shares tumbled by nearly 5%.

The former government owned delivery service's stock price is being hit because of a hefty downgrade by JPMorgan.

The investment bank said that "near-term consensus earnings estimates, lack of guidance and increased competition" would weigh on Royal Mail and therefore cut its rating from overweight to neutral.

Here's the five-day chart:

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wacko74
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Re: Royal Mail shares tumble again

Post by wacko74 »

I'm convinced RMG shares are being targeted and manipulated by day traders and short sellers in a constant round of 'pump and dump' trades.

The way the share price keeps yoyo-ing... taking several weeks to rise by about 50p then it tumbles back down again within days or even hours for no obvious reason at all.

All very suspicious. :hmmmm
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wacko74
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Joined: 04 Apr 2009, 20:35
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Re: Royal Mail shares tumble again

Post by wacko74 »

Share price shot back up to 450p this morning for no apparent reason, let's see how long it takes to crash back down again just as quickly, also for no apparent reason... the day traders must be making an absolute killing out of RMG
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