UK tax year end selling.........
March until early April see's UK tax year end selling. People sell to take profits and sell to take losses to offset against those profits for tax purposes.
Bed and Breakfast rules apply........so 30 days between selling and then buying back again.
So at the moment dont expect any strength in the London market until mid April onwards......where buying should pick up and snowball into May.
Tax year end "B&B" selling should coincide with Coho news in May........so end of April and May we should see strength in the TXP share price.
This week should see weakness, as the shorts will pile in ahead of Year End Results (which will of course be a loss) and then they also will close some of their shorts after results news. Hopefully this will be the last ever "loss for the reporting period" we ever see from TXP again, with Coho and then Cascadura comnig online.