News about the Slater and Gordon deal is imminent. This awaited news has been the catalyst resulting in a significant change in the markets sentiment towards QPP.
This year, compared with articles written in November / December last year the number of bloggers and journalists writing negative articles has significantly reduced.
It has been noticeable in 2015 the share price has not reacted to negative press articles. Sentiment has definitely changed. The share price has continued to rise despite no ‘real’ news, when in the past it would have drifted downwards.
Ennismore reducing their short to 0.41% is yet another indicator market sentiment is changing.
It can only be a matter or time before Coatue, Roble and TT International decide to close their shorts.
Quindell sentiment has changed and this is evidenced by the fact the share price in 2015 has steadily increased, when looked at over the week, month or 3 month period.
The Ennismore news will probably give the share price another boost, whilst we await the Slater and Gordon deal coming to a conclusion.