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They could easily get burnt at any time.
Not good i would have thought going short when next up date is about 4 weeks away. Well if we all was to do a Reddit on them pile in near 2.00
Yeah these AKO have increased their position with NEX 3 consecutive days, timing it just right to gain on bad sentiment.
But they could easily get burnt at any time.
The shorters would have been aware of +ve travel sentiment on stocks today. I expect the drops to continue. This same shorters is giving the same largesse on Wood Group. Another one i'm looking to pile in on. Need that short to close. You can't compete with them especially with all the negative news about!
These B----y new shorts AKO have increased again, they are becoming a real opinion in the neck.
Happy to hold this for long term. Will be 5+ in couple of years time imo.
Be red soon.
This has to be US related, someone else posted lack of drivers, possible penalties if unable to complete a service, just depressing to watch every day.
NEX are not in financial trouble just lumped in with international stocks with very poor sentiment.
When NEX announced at the beginning of the year when we were in lockdown, that it was suspending all UK services, the SP increased on that day, and was well over 3 quid.
Interestingly though, NEX 12 month SP predictions have risen from 270p (when I first bought) - go over 300p on avg.
airlines up 3.5%
we're up 0.5% and struggling. makes sense
Nope
Like i said haveing a new player on the short side is going to make it hard for Nex to rise. But it will come
im in 316!
we all down here but i feel much safer compared to other stocks.
Its going to get painfull for us holders but we have to hold tight. Fe#k them . Nex Is still a good bet will come good was always a good company imho
Just the sp is s#it
double down around 200p I might not add that much to my holdings but will be in for more .
Ako have upped the short so 2.00ish looks nailed on. Is it just down to Nex not haveing drivers or what
If you guys feel bad, imagine how I feel - initially bought in at ~113p and ended up selling it all on the way up…now in with £12k @270p lol - will double down around 200p me thinks.
Yes, September is historically the *worst* month for SP action.
Think we could get a great Xmas rally going if no signs of lockdown!
I remember nearly buying MCRO @210, Cine @24, SGC@32. you gotta be in it to win it. I think all those shares will boom up over the next few months tbh!
Paddyboy
Wish I heard that saying " sell in May and go away" earlier.
I don't think September's a great month either but hoping that October onwards ( restrictions or not ) things will improve.
Hopefully my NEX 251, IAG 157, and CINE 75 will all seem like decent prices this time next year.
And Micro Focus I paid 500 for and they're 380, I'm hoping that by 2023 they'll be 1500 plus.
JG, The markets have been rubbish last 3 months or so. I'm also down a fair bit on most of my stuff but in fairness most of the paper loss is actually some decent profits from early part of the year reinvested. I think shares like cine, nex will all come good. I got a big holding in Hoc & well down there too!
Prime
Don't feel a bummer mate. I'm the bummer, I stupidly sold all my holdings in my ISA to buy two shares and am down 27k since 1st July in that ISA and can't average down as used up 20k limit so stuck looking at those daily falls!!
NEX is in a share dealing account , so been averaging down, but read the half year update again, this is sentiment driven, NEX was on a continuous upward growth trend prior to COVID and I have no doubt it will recover.
Jtan
Yes I have, unfortunately I have been averaging on 3 of my investments and am very exposed here and in CINE.
Not really worried about NEX, just reread half year update, mentions the outcome of a business review to be revealed at capital markets day which the IR person also said in her email response.
I'm down almost 70k on all my investments since 1st July, but don't need to sell so will wait it out.
Be happy to break even with CINE currently down 20k, Micro focus I'm down 18k but like NEX I'm confident that will become a profit by 2023.
But uts hard to watch.
Today is the first time I averaged down with NEX another 5k at 217 and it ended higher.
83k at av 2.70p
What a bummer i feel :-(
Well I'm in for 40k shares at 251 which is feeling rather painful at the moment.
shorting!!
this will be way over £3 by xmas. I seen this sorting game all over the place, Bab****, Melrose, RR etc. Opportunity to make cash if you time it well. NEX is a great company. Look at last trading statement. Absolute gem of a share!
Jtan i got £20k waiting for the £2 hit 10k shares!
Paddyboy dreamt on his afternoon kip that shorters are taking to 2 quid then it's gonna rocket!!
i got 10k of these @ 280. did have 20k@280 but sold half @285 after couple days as thought was too heavy in on it! This will be back there though. Bit annoying being underwater but this company is actually performing well!
it's just being shorted down. Once the short decides to let this one go you'll see a huge rise here. Just watch how this one goes. My bet is they'll take it to about 200 then reversal!