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Up more than 13% from COP last Friday. Been a good week. Hopefully more of the same to come.
Well said Evanescent (post re: Glowworm - I have him filtered, so I have no idea what his post was)
I'm guessing we get aRNS of outcome from talks with lenders and if that's positive we are back up to fair value which is 100+ without a doubt
Someone is accumulating shares, so I expect to see good news soon
I reckon finance rns will drop when the results rns drop. Because results may bring it down but sorting out the finance issues will increase and overload the market and rise over 100p
Yes Glowacki I was paying attention the same day Wood went down significantly PFC went up 13 %
PFC are up >6,5 % today, Woods are down (again) by 0,5 %........
Comparing Woods with PFC is not a match currently.....
Shorts have been having a field day with PFC since Novemebr and where somewhat helped by Schroders reducing their holding significantly in the same time period which helped drive the price down.....
Our losses are so far only paper based and holders like myself are pretty upbeat on the future. In any event our losses are limited by only investing what we feel comfortable in risking.
Shorts losses are potentially unlimited.....
You have a smell of desparation about you Glow.......you keep trying to peddle the same nonsense......i read lots of similar nonsense on the rr board when it was sub 40 p......I held and made a nice profit.....I would wager I will do the same here....
To push the price down they need to borrow more shares to sell. They can only push it down so far by buying and selling. They do not act as a group they are all predators. They base their positions on the results of algorithms that produce a probability curve. It’s a calculated risk but a risk nonetheless. The fact short positions have increased can be a sign of worry or doubt on their part rather than confidence. We are all waiting for the same information although the herd is betting on a good result the short positions are praying for catastrophe.
Yes, like I've said and I'll say it before, I've bought this about a month ago one of the reasons being it is heavily shorted and anticipate a short squeeze. Also retail investors with voting rights will only favour us .....
Evanescence
For balance,Petrofac is EUROPE'S most shorted share..Wood Group (identical business) share price went sharply down after their results last week.
When they wheel Glowacki and then PC out you now the shorts are getting edgy!
Glowacki....for balance....two shorters have also reduced their position lately ahead of April results
What are we to make of this?
Put simply the shorts when attacking as a group can bring a share price down but the reality is they know no more than the rest of us as to the results, the finances being solved or a potential dance partner for petrofac......to suggest they somehow know something we dont has proven to be a false narrative over and over again here....
Max
Shorts have increased their positions twice recently ahead of year end results end of April
Have to say that it would not be surprising to see one of the shorts has reduced their exposure as we go into the easter break.
Not saying that its suddenly going to be down to 5%, but just a little nibble off the 11% might be on the cards
Can see the market are getting more and more bullish...
Looks like they are anticipating some good news soon .....