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FlyingHorse1
No wish to be rude, but I think you are wrong about hedge funds and shorting. The market serves a really good purpose - that is to provide capital to companies that are attractive to investors through the price mechanism. It means that investments/companies with little appeal go down in price and it is more difficult/impossible for them to raise funding.
Hedge funds assist this purpose. They do exactly the same as PIs in that they invest in promising companies but they go short of ones that are duff. This increases liquidity in the market and helps it find the right price quicker. Hedge fundshelp the market mechanism work well. It means you are likely to pay less for a duff company - and therefore lose less when it goes wrong. It also means duff companies go bust, but that is the market for you - if you are inefficient or cannot compete, you fail and employees,assets etc go off to do something more worthwhile. If this didn't happen there would be no change, no advancement. Tough yes, but its how the economy works, and the quicker and more efficiently it works, the better.
Where I might agree with you is on uncovered shorting, where there is a risk of not being able to complete the transaction.
The brightest brains tend to work for hedge funds. Take a look at Kwasi Kwarteng 's cv. They do an immense amount of work prior to buying or selling, so really are a good force in the pricing mechanism. They keep BoDs on their toes and some really need that.
Rather than asking if there is any reason why this has dropped you are better asking if there is a reason why it went up so far.
A good update drove this towards 5.5p -6p (fair value) and then the SP went crazy (which was great). However this push to 10p wasn't backed by anything:
CFO sold some shares at circa 6.5p
Company updated the market saying it knew of no reason behind the SP increase
A family close to the business were offered shares at 5.5p
And despite the above when the price sits at 7-7.5p people think some horrendous dark arts has occurred to their holding, they have been robbed of their paper profits. When in truth the clues are all in black and white above - the right price for this company right now is probably 5.5p - 7p.
One day hopefully PHE will be worth a lot more but I would say the SP has found the right level or in fact sits 1 pence above where it should be. When we get a positive update or see directors buying at current price that will be your cue to expect price increases.
ATB
About to discuss Gameshop news bbc2 right now..
That ignores the fact that shorters have sniffed out fraudulent companies way before the regulators Wirecard being a recent example.
Read Tysonfury’s comment. It is immoral because it aims to destroy businesses and the people in them. The happiest shorter is the one where SP has been reduced to zero and so can max profit. In so doing a viable business is sunk. It is something only big institutions can play.
Flying Horse
Please explain why covered shorting is immoral..........
has anyone seen moral going side-by-side with money(resp.greed)?
Couldn’t agree more. Shorters need to be highly regulated if not entirely banned. What they do is immoral.
If anyone shorting any share is getting hammered then I couldn’t be happier.
Supporting companies and business (good ones) helps the world go around. That’s what you guys are doing here, and many other AIMs.
If it’s a crap company then leave it alone - you don’t need to stamp on its throat and take glory in it and make £££.
I think being able to short is Amoral and I have no sympathy if those doing it are getting hit hard.
New to investing ,what is gme /amc doing to phe and others ? Cant the LS E stop this shorting /mm's It seems like
the latter CONTROL
at their whim, our daily dealings.
Dr A - GME is up 26% in pre-market, it'll be +100% on open, how many more multi billion dollar hedge funds are gonna die?
Melvin died last open, a 12b hedgefund went insolvent.
Honestly I think its the funds trying to get payback on PIs for yesterday. Tank everything. Remember some of them have billions to make back.
It does seem to be settling a little now. FTSE100 and EURO STOXX 50 are now back below -1.00 the DAX is taking longer.
Never thought I would get the opportunities to top up at these prices
It’s a blood bath out there today, great opportunity to top up though.
Yes mine too mms fxxking everyone for no real reason corrupt casino think it’s time think about leaving the table suck you in spite you out they really are a bunch of Cxxts
I'm down 25% since mid-December, GGP and PHE taking a killing compared to then.
Its not just the Green sector, almost every sector is getting hammered today. My whole portfolio is down about 10% overall today.
0 news too. Remember the last exponential rise was on 0 news. Ignore the de-rampers we're just waiting on further updates.
A lot of the market is down. No RNS that I can see. Time for a top up
Dr A , watching Reddit kill a lot of Hedgefunds was something to behold though
Everything is getting slammed. It looks like another day like yesterday!
Everything is getting slammed again. Looks like another day like yesterday!
Until now ??
Surely can only be a good thing PHE holding its own with all the others tumbling. Anyone know when the next financial report is due??