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Foxtons Share Price And The Housing Market - Merged


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8 minutes ago, heffsta said:

Up 10% this morning! 74p.

What has made it jump like that today?

the "why" is irrelevant since it already happened, make up any narrative you like its as valid as any other

markets don't move in straight lines they move in waves there will always be corrections etc


from a technical analysis point of view (the why what where when how is all contained within price) we've broken out above the recent mini range and made a short term new structure high, expect selling to come back in 7450-7730 to my (un)trained eye. if we get through there then 85-90 possible. expectation remains a new structure low below 64 but countertrend buying here is completely standard imo. just how markets move

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26 minutes ago, heffsta said:

Up 10% this morning! 74p.

What has made it jump like that today?

short covering rallies can be vicious.

They've 10% out on loan.That's a lot of shorts looking to cover in a relatively illiquid stock.Daily vol in foxtons isn't massive sometimes.

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7 minutes ago, Sancho Panza said:

short covering rallies can be vicious.

They've 10% out on loan.That's a lot of shorts looking to cover in a relatively illiquid stock.Daily vol in foxtons isn't massive sometimes.

Sancho, Shorts have been sharply down recently:

https://shorttracker.co.uk/company/GB00BCKFY513/

Aussies have been upping their stake too.  I sniff a lowball takeover.

 

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2 minutes ago, Doctor SickoPants said:

Sancho, Shorts have been sharply down recently:

https://shorttracker.co.uk/company/GB00BCKFY513/

Aussies have been upping their stake too.  I sniff a lowball takeover.

 

Cheers Doc,hadn't realised,that's a sharp change Non?

I see your thinking,can't imagine anyone offering though,or why they'd do it?

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32 minutes ago, EmmaRoid said:

Boom ? 

 

that’s got to be worth 3% straight onto asking prices.

Indeed yet some people are still predicting an imminent crash. No more props they said the government has run out of ammo. Nah not even close and no political will to loose the boomer vote.

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17 minutes ago, fru-gal said:

76.75GBX3.75 (5.14%)

 

Someone's been given teh nod.

 

More cash for the spivs/bankers/parasites and c**ts who are destorying life in the UK.,

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8 minutes ago, fru-gal said:

Calm before the storm. I imagine it will drop again once the letting fees ban is formally announced (it should be in place by next Spring according to many sources) and Foxtons have been getting most of their revenue of late from the lettings side.

And countrywide/PBs ?

 

 

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18 hours ago, TheCountOfNowhere said:

More than rumours I'd say, nailed on.

Its all the Tories know how to do. 

Keep the property market bubble pumped up. 

After all they are all into BTL. 

Time to start thinking of leaving this corrupt disgusting place (what time is a place in the sun on)

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1 hour ago, GreenDevil said:

Its all the Tories know how to do. 

Keep the property market bubble pumped up. 

After all they are all into BTL. 

Time to start thinking of leaving this corrupt disgusting place (what time is a place in the sun on)

The Tories are haunted by a housing market crash on their watch in the 90s putting them out of power for over a decade. This time they need a property crash on their watch to keep them in power, but they haven't grasped that yet.

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2 hours ago, Slimline said:

Government to give billions to the young in debt for pwopertee purchases......

Yup.

Young people: "We're in so much debt and house are so expensive, we can't afford them".

The Tories: "I know... Why not have some more debt from us so you can buy a house that you can't afford?"

Developers: "Great idea. We're running out of idiots to buy our massively overpriced new build flats."

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