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Greatcrest,
Because of the manipulation involved. Large funds take up big short positions, they then disclose/advertise those positions which creates momentum. With enough weight, funds could bring down the most positive of businesses regardless of how well they’re doing.
The market is also stacked in their favour. How on earth can a company like GME have a 120% short position, why are they allowed to short shares that don’t even exist!?
This practice creates a disproportionate sell volume which makes shorting a self fulfilling prophecy.
If you want to bet against a share price, this should be done with CFD’s and options alone in my opinion, as they are merely betting slips that don’t actually invoke a physical sell of a share.
Looks as though we have found a base. Back to the 30’s from heee imo. Final test of the 20’s before a slow recovery to high 30’s so we can finally breach 40 again would be most welcome!
https://rcimag.co.uk/news/sig-roofing-opens-new-slough-branch
Carl.. why does everyone hate the shorters so much?? Sell high buy low really is no different from buying low selling high except the former has greater risk when it goes wrong.
Who is this new fella thats been appointed?
?
This is going to fall more than we think, but is going to also rise a lot more than we think.
A stop to the rot? The next few trading sessions will be intriguing
Great buy at this point. 28 holding firm
I shall load heavily at 25p. As the chances of breaking through the 25p support should be non existent!
If it does go to 25p, it may be a technical thing because it will be closer to 30p at the blink of the eye.
Agree entirely prof. Personally I think shorting should be a banned practice to be honest, because it’s the biggest self fulfilling prophecy there is and I’m essence is pure market manipulation!
They should at least cap the maximum % of shares that can be short. No way SIg deserves these drops
Bounce off 28? Going to be interesting
All my top slice (50%) is going back in today and tomorrow...
Carllapos -- you see what they shorting has done to expectations? They've convinced people that this will fall further... all the way to 25p. As if we're in the same situation we were months ago.
They've caused many daily falls and now people expect that this will keep falling. No doubt, some tried to be smart and sold some of their shares, hoping to buy them back at 25p.
So the price keeps falling and the ones who started/sustained that ended up selling high and buying low (because they always need to buy back).
I just ignore these falls and look at the fundamentals. When you're long, time is your best friend.
The UK market is NOT a bubble. It's well below its level before the pandemic. Some companies are overpriced but many others are undepriced.
Well I think 25p is the next support level. If we don’t bounce back to 30 and end up down to 28p, I’d say 25P is a strong possibility.
Volume ha the killer here in my opinion. It’s been a problem all year. We should have lifted off from
The results, but there wasn’t enough volume to break 36P.
Wouldn't this be reflected in more stocks? A fair few in my portfolio have been noticeably stagnant for weeks but nothing I've noticed has experienced the fall that SIG's been undergoing.
starting to think the SP is doing this in anticipation of a wider market correction which is due. It's as if SIG is falling for the sake of falling. I add to my holding at some point, if it drops further, can it go to 25p?
Assessing the same. Waiting for the coming trading sessions to make a decision.
Would be nice... That said, I had been hoping that 30 would be our support but evidently not. I'm currently weighing up whether to offload in RPS which is also moving pretty sluggishly to pick up more here at this price....
Shorts impacting the sp in one direction. Bounce off 28 would be my best guess.
10 out of 11 red trading days tells me all I need to know.