The Quindell share price is being manipulated and suppressed. This was to be expected, please see here.
We also know the share price is impacted by sentiment, see here.
No new news in the market yesterday yet the share price dropped 20+%. Should this drop and the initial drop today be a cause of concern?
For longterm investors sentiment should not be an issue as sentiment can change hourly. Share price manipulation will also cease as the risk reward ratio changes.
It is the fundamentals of the business that are important.
For those day trading the stock it can be a nightmare, as it is impossible, without knowing what news is going to be released to predict the short-term direction of the market.
The following attachment is an article my youngest son has written for his school magazine. It highlights simply how you can double your money and the importance of doing a bit of research when making investment decisions.
My son who is still at school, runs his own business and has won the Haines and Watts young entrepreneur of the year award ( i.e he is not stupid) is also buying more shares this week. Not because of what I or others have said, but because he knows having looked at the fundamentals of the business, longterm this is a good investment.
Nothing has changed with regard to the fundamentals of the business. I therefore, being a longterm investor bought more shares today at 79p.
As always do your own research and if a Quindell shareholder I recommend you join the Quindell Share Action Group. The site contains a wealth of information.
Sentiment will change and with it the share price.
Footnote: I wish I could get down to my sons share price average of 119p.