Thanks SWinger and others, somewhat reassuring if they are just an algo' shorting fund.. Still, will be happier when the show signs of trimming or a buy back kicks in.. Nervous times waiting for next results and all
I'll take a punt here. OAM are an algorithm driven momentum investor. As such, the algorithms will have picked up that: there is no scheduled newsflow til November, Oppenheimer are sellers, private investors are throwing the towel in, the peers in the US are in the poo, the locks ups from the vendors of Rythym are expiring and for whatever reason (I still think an mbo is being worked on (I have good reason to believe that) putting the company into a close period) the buy back isn't happening, all of which means there's nothing to drive upside for now. Their position will probably have been taken through dark pool automated trades and I bet they have laid on protection in the event of a rapidly increasing share price. If they can ride a 40-30p fall with c3m shares, that locks in a £300k profit for a month's work for a margin of c£120k, representing a 3x money multiple. Anyway, that's my conclusion rather than anything more sinister or meaningful
As Benfica says they had been at 0.5% for ages. Slipped under the radar when went below 0.5% probably thinking their time is linited to short and that day I believe was when share price went down to 30p Wouldnt surprise me to see them buying back today which is why the price went up. Might be another logical reason for it though. Would like to know it ??.o
My opinion is that they are now feeding of the crumbs left by the closed shorters.
Oxford have been short on Blinkx under the 1% for years now so i don't think they know anything we don't. Their play here is that they know the bear raid scared the living day lights of the PI's. They are very likely hoping that by raising their snake head they will scare a few more into selling and make a few extra pence.
I'm not falling for their little games their not getting my shares. I worked hard to be able to buy them...
Anyway they are currently playing with fire because if a share buy back is announced they will certainly get burned. Lets remember at the AGM the BOD were told to burn the shorters with a buy back well this is their chance.
Exactly the point I was making. I cant understand why so many sites, including this one and Barclays Stockbrokers, list them as buys or sells. A lot of people take it as fact and get quite excited at what they think is a significant buy or sell. All that really matters is the price direction, possibly coupled with increased volume.
They are listed as trades at a particular price - any interpretation is based on computer algorithms comparing the trade price to the spread at the time of printing the trade - it's a complete guess (at best).
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