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The bounces appear to be getting smaller though.
It’s bouncing around between 1.10 and 1.25
Will wait for an entry at 1.10 and look for a quick 10% with a £5k purchase. That seems to be the trick with this
Yes agreed NKG, I'm pencilling that in for after June rightly or wrongly and I think that it would be good to be shot of most equities at that point. I'll aim to do exactly that.
Cool story Stumpy, don't overlook the fact that the market will head very south again quite soon. Will Moonpig then buck the trend with all of the short positions in play - I very much doubt it.
I won't touch these until between 90p -100p
Charts only give you a small part of the story....!
Let me modify that, the price is now 107.9 so it's achieved the small drop I hoped for. This could repesent an entry point. I'll wait for a signal that it does, before adding.
The SP just ticked up but failed to break out of it's descending channel. Seems there are buyers, but not enough momentum. If the price drops back to 108.3 or below. I will start to accumulate. We're almost there at 108.7.
Fascinating, thanks Stumpy!
SP now been below 109. It's a very interesting business this. The shorts remain at 5.3% (suggesting some are looking for downside), but the recent RNS was upbeat. As previously stated, if I see evidence the SP is turning around, I'll add and if we get to the 103-104 area I might add speculatively. Happy to have dropped out at 129
SP has now been below 112 so it hit my 111-112 range. Closer inspection of the chart suggests another potential downside risk (gaps in the data) to between 109-110 and then even as low as 103-104. These are very small gaps that I'd not previously noticed, but they are visible on the 2h chart. I'm not suggesting that closing these gaps would act as support. Just that it's something to be aware of. I'll only continue buying back if we see evidence of a turnaround in the SP
I've just had a more detailed look at the MOON chart. A drop to 112.5 or below would meet my expectations. For the moment we've hit 113 or so. That doesn't eliminate that particular downside risk for me, but it's clear that some buyers are coming in.
PI I have a real problem understanding TR1's could you explain exactly what the change in position was this morning?
Good to see the TR1's coming through in recent days......Norges Bank and JP Morgan Securities.....good indicators when the institutions are building a position.
The laughable point is that JP Morgan Securities are building a position re investing in Moonpig of 2.54% at the moment and JP Morgan Assets have a smaller short position.....both under the same group....talk about hedging and trying to keep the price down when building a position......should not be allowed.....clear market manipulation!!
Some interest from buyers so I've started a small positin. I still think we'll see 111-112, but no-one can see into the future. FOLO and all that jazz
I'm pretty sure we'll see 111-112 or lower first, at which point I'll be looking for signs that the SP will turn to the upside. From memory, I dropped my positions around 129 so it might turn out to be a good trade.
Yep.....the economic outlook is improving for retail. There are a number of retail updates this month from FTSE companies with generic customer behaviour indicators that can be applied to Moon. I believe it will be positive updates from the major retailers. We then have an update from Moon on 30th April for financial year end. The SP should move upwards again over the coming weeks/months, target 180p - 200p.
No significant change in the declared short positions over the resutls period so there's no evidence that the price action related to short covering. Either genuine demand for the shares or short covering from non-declared positions are possible I guess. Price falling back a little though
You guys are overselling shorts. If there is 5% shorts then there is 95% invested and looking for a return. Shorts bet and do not invest.....they hedge with a short and long position. Shorts have no inside information, the trading update ignited the SP this week. The short positions will unwind in due course.
There have been a couple of TR1's in recent days with new institutions investing. Friday is always a faff trading day....watch were the SP goes in the coming weeks and beyond. This is moving to 180p-200p in due course in my opinion and then beyond. Moonpig have great technology, forecasting revenue growth, there are now green shoots in the economy, record mother day sales etc etc.
Remember Moonpig IPO'd only a couple of years ago and went to 500pish with lots of due diligence done at the time by institutions in what is fair value SP.
Moonpigs current SP/MCAP is far too low based on the fundamentals of the company. Good luck.
That was Enismore ont he 29th, they raised by 0.29%. That will have hurt them. We'll have to wait for Monday to see if anyone reduced. If they did, that could have contributed to the SP rise on RNS release. In which case, that 'demand' will probably have dropped and the SP could very well drop back (I'm hoping for 111/112). At that point, those shorting believe they've got it wrong, they may well continue to reduce (if they have at all).
Shorts increased to 5.14%
To be fair this stock is a shorters dream, gets to about 130 then falls right back down again.
Shorttracker has Moon with 4.85% of it's stock shorted by 5 institutions. It will be interesting to see how that stands in 2 days time. The data on shorttracker is 48hrs out of date, so it'll take that long to see if there was a reduction. I'm wondering how much of todays move was down to short covering. If it was a significant part of it, we might see a retrace to the 111/112 area at which point I'd perhapds re-enter.
Wouldn't surprise me at all PI to see the SP up at those levels. I'm still interested here, but trade based on TA. That suggests to me that we might get a pull back from todays highs. That's happening now here. A good example also would be CPI, they rose a lot on a good RNS, but have subsequently dropped back despite the company obviously improving it's outlook.
Good luck stumpy......my forecast is that this will move to 180-200p in due course. But every investor needs to make their own call and take the profits when they want.
I am in about 170, gotta hope it just keeps growing!
I'm out at 129 area. I'll watch it as it's clearly going to do well. I'd be hoping for the price to drop back to 112 and if it did, I'd probably enter a larger position for the medium term. Good luck PI