Not yet. I don't put much value to brokers bs. They are pushing their own positions. On the other hand, today's c r ratings are nothing to shout about. Not that I think shp sp should be any higher any time soon, due to financials trickling down to us pis, but purely cos of necessity and mechanics of volatility, I shall reduce a bit my shorts and start smallish parallel longs for short play. I could be wrong but I still believe sp will come to low £30's in this tax year. Thank you shp bod for your good work.
You've made some good points notgreedy. The big rise today from broker upgrades and perhaps the technicals, has helped to push the price up over+3% and may push on a bit more. Looks overdone Imo, but not going to rush in just yet...
Thanks Exoplanet. IMO 1 I compare business model of shp to JE. , Glen, qpp, ....- rush to chase growth by overpaying for acquisitions. 2 shp bod is playing on greed of investors winning against ration - fear. That can and it did work in liquid markets, which is no more. 3 financial ( cash is gone and sp is in big debt or will be when -if merger completed) and accounting ( qpp stile) engendering. 4 falling markets, drying liquidity, fear, panic, profit taking(shp sp more than doubled in 1.5 years?-in my case short from last year), necessity and will of mms - markets- brokers to create volatility will not end. 5 dilution, previously non existing debt cost, potential failed drags, pricing issues, potential futures legal battles that could arise from any or all of issues I mentioned, patent expire ...( GSK as example )... This is all IMO and not an advice to anyone to go long, short, buy or sell shares. I'm likely to take long at some point as a short play but will be adding short every time I think that market is overreacting. I was short when ABV to was on on a of chance that to will not happen, taking a view then, that loss I could take from those levels v profit should thing get undone was worth taking. It worked. I took a view that sp of £58 was silly and took short again, and again.... This is a summary of what I was talking about on this Bb for the past year or two and not an advice. Gla
Dear friends, I have noticed that recent weeks, there was always positive indicator for at SHP to go up. But what is the reason for such a big sudden drop in last 2-3 days trading! I could have accepted this in the commodities. May be I have missed someimportant points or news. I would appreciate views please from you,as I have noticed on this board, lot of you do offer very rational opinion. Thanks
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