Early in the week Betfair shares cracked the £10 mark again for the first time in a while, things were starting to look up, particularly on the back of some hard work promoting the company to its float partners last week. But that price took a real pounding yesterday, dropping back to 917p overnight, with a 15p recovery so far this morning. What triggered it? Did the market panic over another cold spell which may cause racing cancellations? Did some 'expert' analyst put out a sell call or did the market not like Betfair's association with sacked Sky pundit Andy Gray?
Who knows - I've given up trying to predict what the stock market will do on a day-to-day basis...Posted byScott Fergusonat09:55
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