I got in at just over 1.8p...could tell from Level 2 data that the momentum was running out. Yeh it's a big short, about £600 up at the moment. Maybe going to close it soon I'm not so sure the SP will go much lower (not that I think it will go up either).
I don't intend to keep the short open for much longer but it's best to be realistic - there's not likely to be any transformative news any time soon so the chances of the SP opening much higher than it closed the previous day are slim at best. The only thing I can think that would do that is positive news on NUR-1 and there's more change of England winning the world cup. :P
Can it be because of cfds ? i don,t know much about it ,but what i heard IF there is a big money betting going up .here the broker who has the that position , has to keep selling ,in order to deter the customer making money .,on its cfds going up .eventually ,he has to win that position ,.Is this correct or not ,don t know much about cfds ,i have done it but mostly on indices not shares .
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.