Try these for a quick read http://www.shareprophets.advfn.com/views/6651/bowleven-getting-ready-to-bounce http://www.shareprophets.advfn.com/views/6740/edison-bowleven-at-39p-worth-108p
Indeed. I would imagine the shorters alarm bells will be ringing when the wedge breaks i.e. a close at or above 40.8p, but as cdu pointed out 44p and north will be unequivocal breakout territory. There is very little float available at the current price - yesterday morning it was not possible to fill a £10k order at full ask. When the short squeeze was on with AQP last year, the lack of news helped push it up - there was a dribble of volume from the 10% profit types selling, but nothing like enough to sell the shares OAM et al needed to buy back. The big shorts need volume to close.
havent been around for a while here
but, flaming jesus mcap only £126m??? havent Bow got that nearly in cash and moved forward projects? they have a major player behind them? i think i need to do some catch up on Bow, surely Sapele and updip is worth multiples of the mcap? someone fill me in with a quick run down please, im a long time gone, but may be interested in coming back at this price
Yes indeed,the question is when do they hit the buy button to give them back? Volume is very poor of late,ideal for shorting time-when volume increases and only news will do that.Then it is sweaty fingers time,once we get over this technical no-mans land and into strong buying territory-then it will get interesting also. Shorting in general suffocates the markets,and as you can imagine-i am no fan of it.
I suspect there are more shares than this needing to be bought back i.e. those below the disclosable threshold.
yes absolutely correct,means that their overall position is 0.6% some 2 million shares short and oxford are currently 3.9 million shares short.So a fair few that needs to bought back one day.
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.