Only been in a week after watching this one for a long time looks to be heading to break 90 day sma of 49.59p broker target 85p from Canaccord came out on Thursday. DYOR GLA.
dgp4,.... here is a link on the basics of shorting stock : http://beginnersinvest.about.com/cs/newinvestors/a/022703a.htm BW
Cheers symesi. So in the meantime if the SP is on the up, i trust they are in a loose loose situation??
Hi dgp, Shorting basically means that you have sold shares that you don't have with the intention to be able to buy them at a later date at a lower price (in effect you have a temporarily negative position in a stock). If you buy shares you are taking a bet the the share price will increase, if you short shares you are making a bet that the share price will fall. Hope this helps
Hi, sorry to ask a daft question but can someone please explain what shorting a share mean?
RE: Good day at the office
I completely agree with you on the shorters, they all full time professionals, who are employed to generate speculative profits in this way (we just like to think they get burnt for trying to undermine companies) Based on the FCA short tracker (which is always a little behind), they do seem to be exiting POG at the moment though, and heading for other prey. For me another indicator of positive upside, although clearly a long jouney to exit the wood.
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