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I'd imagine we'll fall until figures in Feb and then we'll crumble
Lots of similarities to previous drops/changes of sentiment. As Redceo states not as bad as we have experienced in the past when shorters really joined the bandwagon and we also get lots of negative comments around things that most businesses will be facing in the future, rising costs, staff absence, pay rises etc etc. All factors to be taken into account of course. Certainly when the SP has dropped some have taken advantage. I wonder if Daniel K may invest more? We often find a cause some days after the events. Of course traders will see a chance to make some money on both the downward and upward direction. Imo next results will be at least in line with expectations and perhaps even slightly ahead. GLA
"Key here is where is the bottom/Support level?"
If we knew the answer to that then life would be a lot easier...lol
We are not anywhere like the situation we had previously. We have one shorter only above the 0.50%. That's nothing and appears to be a ruse to worry the more fragile investors
Short sellers are not usually long-term investors. Rather, their goal is to panic investors into selling their holdings and thereby to drive down the share price. If investors oblige them, then the attack succeeds, long-term investors are harmed and the short sellers pocket a quick payday.
Companies are largely powerless to intervene in this dynamic other than by continuing to perform, the way to thwart the attacks is for investors to recognize MANIPULATION!
for what it is and not behave as the short sellers hope.
I find it funny you say I'm delusional when as far as I can see I'm one of the only ones who is seeing both sides of the story.
Maybe the real problem is your not an investor who can keep a level head, or have way too much in here to ever be comfortable unless its going up like a rocket. News flash, that's not going to happen.
As you've highlighted, they're temporary. But shorters don't care if weakness in SP is short, medium or long term. If they see an opportunity they'll take it.
As they say... follow the money!
dan23 - All the temporary headwinds you've mentioned apply to just about every other business with a workforce, large and small, in the whole of the UK ... do you see them all having such dramatic falls in their share price?
For you to claim manipulation isn't occurring here with RMG you're either very naïve and delusional or you're trying to gaslight folks.
Manipulation isn't the same as hedge funds shorting the stock. Yes what they're doing results in the SP falling but it isn't manipulation. Stock market manipulation will get you banged up for years, hence it doesn't happen in the way people think.
Just look at it objectively and you'll see why the SP is drifting/falling ahead of an update... inflation at record levels, upcoming wage negotiations while inflation is huge, fuel prices, Covid testing wind down, angry customer base because of lateness, news stories running RMG down every day due to service, extra overtime, extra seasonal workers (lots kept on) etc.
Stop burying your heads in the sand about why the SP might be falling and why shorters may be around temporarily and you'll be a lot happier to either sit and hold or sell and buy back later. Stating "manipulation" is just lazy.
This is not a deramp before anyone says it is. RMG future is very bright, but I'm not naïve enough to ignore there may be a rocky patch if profit misses expectations.
How many shorters are lurking below the 0.49% level?
Is it possible to know?
489.60 GBX 20 Jan, 08:39
Bounced nicely off
486.60 GBX ?08:25
Welcome back Falky. I bet you have missed "the thin red line"
LET THE GAMES BEGIN :-)
Falky.....
Here we go first of many such comments no doubt.
And yet shorts still reported as one short over 0.50%
Anger "Someone try and tell me this isn’t manipulation"
Glad to see you saw the light eventually.
In which case we're there :-
486.40 GBX -5.10 (1.04%)today
20 Jan, 08:24 GMT • Disclaimer
They invariably report the big deals as unknown, Oli
19-Jan-22 18:16:10 500.9081 66,034 Unknown* 330.77k
Yes everything helps.
Reported SP was all over the place but settling now.
Very odd, not updated here yet due to 15 minute delay but showing 479.3
Just what is going on ????
Google this morning
491.70 GBX
20 Jan, 08:02 GMT
Google :-
503.11 GBX +4.81 (0.97%)today
19 Jan, 17:11 GMT • Disclaimer