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I don't think the major shorts will have much to gain by trying to push this down much further. There's not much further it could possibly go without looking even more ridiculous. A few % to be gained? My expectation are they will currently be closing positions and getting ready for a major bull run where major % is there to be made with some renewed hype, which is sure to follow.
All this talk about transparency, compliance etc is a smokescreen. THG have probably the best investor relations site I've seen. They've agreed to implement all the requests of the major shareholders, and those major shareholders knew the long term strategy from Pre-IPO. Nothing has changed, and this is why investors with more skill than I, like T-Rowe, Sofina Capital, and this week Chrysalis Investments, have all recently increased their positions in THG.
The stock is highly volatile due to the high level of retail trader interest from the beginning, and the major secret shorts have made the most of those retail traders unfortunately. The THG strategy of Brand Acquisition to the platform, whether through brand purchase or brand partnership via Ingenuity, is a very sound growth plan for the future.
Just my opinion.
And just to add, Numis also said just a couple of weeks ago they see significant upside to the price, which was 205p when they said that. The upside will come with some more patience.
A share is only really cheap when no one will touch it and everyone is scared of it...
@ pokerchips
Nice Quotes, I also like this one from Keynes
"The stock market can remain irrational longer than you can remain solvent" ;)
MarekQ
Yeah ..but that was before the FED and idea of Central bank bailouts and Quantitative Easing bailed everyone out !!! hehe
China must be close to another economic stimulus I would have thought
@ Mando
Thanks for your thoughts which I'm in agreement with.
My post was more focused on the trigger to reverse the share slide. My original thesis, Mid Oct, was this share price undervalues the company in my opinion (£3-£3.5bn), so buy, then they smash Xmas trading, happy days.
My original expectations were ;
Normal market bounce SP +10-20%
Positive Trading Update SP +5-10%
New Chairman Announced SP 5-7.5%
Q4/Full Year Figures Positive SP +5-10%
At the time share price was £2.25-£2.45 so that put my target as £2.80-£3.30. Both of which currently seem a long way off.
No worries Marek. I get what you were thinking. I thought you just might need a bit of a boost :-)
TBH so many times I've had an $h!te time through the non-farm payroll week, then seen a huge bounce on the Friday afternoon or Monday after I'd sold off a load of stock on the way down. I've learned to be more patent now.
Long term I honestly think we'll be fine.
Christmas Rally has started ...it is up 2p off the lows of the day ... :-)
lol Pokerchips
Also, on Bloomberg, every analyst is saying this is currently overblown, so either Bloomberg have only chosen the pumpers to go on today, or genuinely, the panic of yesterday and today is overblown (I think the latter)
@pokerchips
To infinity and beyoooond
@mando
My strategy is still to hold as long as necessary as I still believe in the company, even if the rebound isn't as per my original plan :-(
come on 182p test coming up. BIG push now. do it for MM!
House Democrats have reached a spending deal to fund the US government through February 18 2022
Could get a Senate vote before the weekend
When you see 32 units push the price down below 178p, you know it's not worth worrying about...
ASOS and BOO down today too. ASOS under £23 support.
The Dow Jones is 2roaring
the Dow is plummeting in the US as I type..
The Dow Jones is "roaring" ahead up 630 points as I type
as opposed to yesterday when
"the Dow is plummeting in the US as I type.."
Let's hope it translates into a buoyant FTSE 100 tomorrow ..and THG gets swept along.
Yep. Biden update on the US covid plan seems likely to be boosting markets.
https://www.youtube.com/watch?v=iLxmT-_A7rA
Fingers crossed a very green day tomorrow.