There are only sellers- there are no buyers. Given this the price will only go one way- down and sharpish. With Fidelity a declared substantial seller we should expect the price to continue tanking. The price will only turn around on good news- like RT having (at long last) done the decent thing, a new Chairman, new advisors. In the short term this wil be crap- in the longer term the price will nly reflect the true value of the company (if there is any) when a modicum of confidence is restored.
No one (other than a short term trader) will buy while RT remains. I have stupidly held all the way down- in the belief that although RT was not everyone's idea f a saint, there was a decent business somewhere. Clear now that RT is either very stupid or very venal (or both), but there may still be a business under all this manure. If RT goes expect major accounting changes, asset write downs, but just possibly the start of a recovery.
where did you get the fidelity information?
they still have a pretty substantial holding tho
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