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Clearly I sold too early as the sp is now stonking upwards.
There does seem to be some link to the likes of GME.
Potentially through the likes of D1 reducing risk due to their exposure to GME.
GME & AMC are currently both up about 130%.
I think yesterday D1 cut a bit and other shorts took the opportunity to knock it back down.
What is going on with this SP, it's very volatile and it keeps wanting to test the upside. A close above 362 or so looks bullish. Are we about to see a challenge on the 370 level?
AquarianAge,
Instead of criticising GameStop, one could have joined the bull run and made some money. (I did under $18 and still hold!) Furthermore, how can GameStop go bust, if they hold cash of $1B+ with almost 0 debt. They will short squeeze the hedge funds that are betting against the company's business just like the one from last time that went bankrupt.
AA, there are lots of examples that prove there is a lot of stupid money around. Like a game of cards, you just have to spot the patsy's and take it off them. Be happy to be playing with fools, just don't fall into the trap of being one of them
The Gamestop saga simply reinforces my view that there is still too much dumb money in the markets. This is a company that should have gone bust a long time ago.
Game stop bites the short G-Y Bears.
Shorts now at 7.31% number two position.
Please do your own research as always and follows FCA guidelines.
Although there had been signs of a levelling out in OCDO’s sp since the sharp fall during April, this 15’ view shows that price moves over the last week are presenting a less optimistic picture: https://invst.ly/14uj39 as pressure on the current support level has been renewed this week.
Also a sitting duck at these levels! DYOR!
Also, a squeeze could get us to 500-600p when it happens with a possibility of gamma squeeze leading it to 1000p+ if it runs for few days...The downside from here is minimal anyway so I will hold for the big squeeze now. GLA!
I have a feeling that we will have some sort of short squeeze in most shorted UK stocks this week or so and that includes OCADO. Word of warning or advise to those who are short here - Make sure to have guaranteed stops! Remember this message when it happens. Good Luck
I was reading Millenium as no change from the 10th, but I'm misinterpreting it. That makes more sense. So no change today but they went from 0 to 0.52 on the 10th.
This stock can still go lower. Rightly other hedge funds are attracted to the current shorting opportunity given the amount of negative issues surrounding the company.
If Millennium had been at 0.49% or less prior to Friday they would have registered as zero until then. Don't read too much into it. There's probably loads of shorts just under the radar.
It does look like Millennium.
They must know bad news. Who opens a short when a stock is this low already?
They don't track below 0.5%, so anything below that registers as 0%
D1 increased on the 3rd , 7th and 10th : see the 'Previous Disclosures' list: https://shorttracker.co.uk/company/GB00B3MBS747/
Looks like Millennium International Management LP From zero ~0.52
D1 Capital Partners LP Increase 0.08
It's a bit weird, because if you look at the dates, no-one has actually increased their short positions since Apr 30th (0.1% incr for Systematica) and May 10th (0.08% for D1 Capital). But the overall short position is up 0.6%. Sow what do those figures mean?
Perhaps surprisingly, 342 ultimately survived intact despite a fairly intense and slightly above average volume day: https://invst.ly/14u2tk
I guess I wasn’t alone in profitably recycling a few shares driven down by the shorts in the morning and then topping back up again at the same price just before 4pm - thanks guys!
The level of confidence short sellers have here makes you think they are privy to undisclosed bad news.
The chart on the short tracker says the level is the highest since 2018.
Set up to accumulate 330p & 325p tomorrow.
Just noticed short position increases to 7.31, anyone know what does that mean? Thanks
https://www.shorttracker.co.uk/company/GB00B3MBS747/
Need a close near 348p to see some upside tomorrow...ATB! Short play in play