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Big gains yesterday, a retrace today and it's all down to short sellers. Yawn.
[RE: Increase in outstanding shares: Today 15:31
Love how the original question in this post hasn’t been answered….]
42
Love how the original question in this post hasn’t been answered….
Dow and ftse both well up, NEX back down again, sold 10 k shares for smallish loss yesterday leaving me with 30 k, wish I had sold more now.
Appreciate there are ‘allegedly’ some advantages of short selling (maintain market stability etc) but it should at least be better regulated, somehow. Personally I’d ban it….
I can never understand if and how short sellers are able to move an sp down for 6 hours today?
Surely it's just back to NEX sentiment today, and stagecoach 5% down too
Dow futures higher so that's something!
I see we are slowly been walked down with small trades of 1 2-7. Since this morning
Very disappointing it wasn't able to hold onto its gains like IAG has.
I see we are slowly been walked down with small trades of 1 2-7. Since this morning
AKO trying to scare people off so that they can get out from their shorts with minimal damage?
The last disclosed change in AKO's position was on the 20th, before even the 'leak' had surfaced......hopefully they've been caught out by the news. But that said, they didn't reduce the short yesterday either. I'm assuming they initiated the short around the 1st Sept (when the SP confirmed it hadn't held), which is why they aggressively upped it through the 13th to the 20th. Maybe they are just waiting to see the market's reaction as to whether the SP will hold this new level before closing out....?
AKO UPED AGAIN hope they are reading it wrong
OWLS
So what you're suggesting is, if you invested 100k in a share, and you are currently 12k down so it's worth 88k, you may be better investing that 88k elsewhere in something maybe with current momentum, taking the 12k loss which you can offset in your tax return and hope this newer investment gains and doesn't lose you more money ??
Basically yes. If you think NEX is the best investment out there then hold on but don't hold on just because you are showing a loss.
JTAN
It's no comparison to PFC because this only being held down until the SFO either charge them or conclude their enquiry.
And as to Vodafone, they are non comparable, and their debt is enormous. Besides VODA has never really been a growth stock, look at 5 year highs, 240 ish, but they pay a good dividend, similarly LGEN, never really get capital growth just a solid yield, so those are good to hold for income if you can average down cheap enough.
But NEX has been on a growth trajectory the last 4 years, just look at the 5 year chart.
It was b----y well over 300 in the middle of lockdown with no buses running.
My gut says it could move to near that level within weeks given the right sentiment or stimulus.
The lady from IR said on their capital markets day the CEO will outline how they will return to growth from recovery.
Could I make up that 12k paper loss selling and investing elsewhere, yes.
But there is equally the risk that markets plummet and that loss extends, and also that sentiment changes around NEX and it flies.
So for me with this one I'm not selling.
I do sell fir a loss, today I sokd my coatain holding at a loss and bought RR and restaurant group this morning. Already cover that loss, but NEX is by far my largest holding and the only thing that halted its growth was COVID.
At any given time one should hold or buy if they think the share price will rise and sell if they think it's going lower. Of course that's not easy to determine and isn't possible if you're more of a passive investor but it's certainly a bad tactic to only sell profitable investments.
OWLS
So what you're suggesting is, if you invested 100k in a share, and you are currently 12k down so it's worth 88k, you may be better investing that 88k elsewhere in something maybe with current momentum, taking the 12k loss which you can offset in your tax return and hope this newer investment gains and doesn't lose you more money ??
" I'm not selling at a loss"
A very poor strategy.
I don’t have quite that much (~£20k in) and I’m about 12% down (240p avg) which isn’t really a biggie if I’m honest. The next 6-12 months will be very interesting! Just here for the ride! :-)
O have 100k invested here and currently 15k down, I'm not selling at a loss.
When the markets get over themselves and stop creating mass global sell offs for no real reason, momentum will build again.
How many times do they have to wack the markets on the same old Fed b------t meetings each month.
They either drop the markets because inflation is getting high, or if its low so people aren't spending, and in between that it's either covid or China.
FFS it's like groundhog day.
I have just over 42k invested in this, my whole portfolio is down today…. many others on here have a lot more than me. My position is the same and just gonna ride it out…. No pun intended. Great company….
Lol chris why would there be a rights issue? Balance sheet in good shape and back in profit.
Why would a company that reported a profit for the period, and receives 50% of their revenue via contracts need a RI.
That is total unfounded scaremongering.
I didn’t know about this… has made me question my investment now.
Having a look through our H1 results again and I’ve seen that we have increased our average weighted shares by about 100m from this time last year.
Can anyone inform me on what kind of effect this would have on the stock price reaching it’s pre-COVID levels? Of course, we are now quite diluted from before, but can we see a rise back to 400s?
Thanks in advance.