It's clear the shorters are driving the sp down and it may go down further .. I think the 40p mark is well behind us but they may drop into the 50's before the upsurge .. Qpp have signed great contracts in the last quarter and the new Ec will only drive the sp up more .. There is no way that the companies cash flow can have been spent and any potential new revenue that has been generated in the last 12 weeks .. If the company was restricted on cashflow it has massive assets it could cash in on .. Quindel is a cash rich company and if it wasn't the worst that could happen is that it would cut there expenditure massively and just sit back and let its current ongoing cases generate huge revenues to get it back on its feet. Hold in there guys
"Quindell is on track to deliver £750-800 million earnings" I suspect you may find that isn't quite the case robajob. I think you may mean 'revenue', not 'earnings'. Seems you're not too well acquainted with basic accounting terminology.
That's a bit high for you......it was 30p from you the other Week.......Or have you just bought a newspaper and having one of those Senior moments......
RE: day traders market
We be if the likes of ig allowed it to shorted ..... But they ain't taking short bets , what does that tell you .....
day traders market
This will rise, get shorted and retract until the numbers are published then who knows. Money to be made day trading.
The spring effect..
You can only push a spring so far before the slightest trigger causes a big bounce. It looks well tensioned now waiting for the inevitable, boring perhaps but it's day will come. :)
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