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Hello Crazy share shifters,
Monday is a funny day for shares. And it's no surprise that more trades are usually done on this day than the other days of the week.
The Sunday papers may have something to do with it. They analyse various developments of the week before - and make predictions for the week ahead.
It's no wonder that big traders and even the insitutions take notice of these articles - and act accordingly.
Another reason why Mondays are busy is that take-overs are often done at the start of the week. That way firms get a week's worth of publicity if they are in a take-over battle - and the share price can be pushed up accordingly.
A higher share price means that the company can possibly get a higher bid for the company.
But with all this going on on Mondays, should we buy or sell on the first day of the week? Well, it might be an idea to buy later on, when the prices have steadied a bit. But then again Monday might be the day to buy, if further developments in the week look set to raise share prices even higher.
If a share is tipped by the Sunday papers, I sometimes buy first thing - as others dither. But if a share gets a bad write up, I might wait a day or two before selling, in case the share experiences a dead cat bounce.
But that doesn't always work. As we all know. Rock on!
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