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If anything the shorts are increasing. Losing clients, sinking markets, litigation pending and ceo resigning, the only positive at the moment seems to be the amount of interest they are raking in from all the cash held on clients' accounts. It would not surprise me if you got your tp. I personally will be waiting for the shorts to close before diving in.
@simonpassmore Algorithmic trading uses computer codes and chart analysis, and over 60% of trades in the UK are Algorithmic trades.... you would be stupid to totally ignore the charts, even if you don't believe in technical analysis. Long term fundamentals always win out, but short term understanding charts are useful, in my opinion.
Thanks for all the info philorkil, yeah I have been looking on tradingview. I will use your info to take another look tomorrow. I still think fundamentals are more important here, but understanding the charts really helps in knowing when to top up or when to take a little profit.
@philorkil id love to be able to understand how to read charts, what sort of pattern do you currently see? I actually thought some kind of triangle is forming with the potential for a downward leg... but I am **** at reading charts.
Thanks Evertheoptimism… wish someone else had won on this occasion :( it was a rollercoaster day!
Looks like citadel increased their short position slightly.
Hmmm, doing nothing.... 16th best performing share out of 600 on ftse all share index since they declared "turnaround complete", and that is even after the recent big correction. If you have realistic expectations here you should be happy.
@simonpassmore says "cannot wait for this to fail long term"
Why? what possible reason can you have for wanting this to fail? So that all investors lose their money? So that all employees lose their jobs? Just to prove that you are right? I can understand someone shorting this to make money, but just wanting it to fail for absolutely no reason than to bring misery to others makes you sound like a very sad and very lonely person.... I feel very sorry for you.
I’m guessing this will be lower by end of week based on general market volatility and chance of US markets retesting lows so my guess is 24.7… and I’ll buy more if it is.
I believe the reshuffle rules actual mean the cut of point is 325th position by market cap not the logical 350th position. I think the hurdle for entry is now about 36p.
capitalizer and xenor, same here, invested here and elsewhere only to see big loses, but these have been bargain basement prices in my view. Hopefully with the pound now stabilising (possibly rising) small cap might start to outperform the large cap stocks. This has still massively outperformed the ftse 250 since March 10 results.
Marshall Wace look like they have reduced/closed their short according to short tracker. Hopefully more will be doing the same soon .
Small top up today, didn't think we would see these levels again.
@aimmaster have you gone long on this yet?
gbp/usd looks to of stabilised and bond yields have dropped.
The lunatics in downing street are facing global pressure to make a U turn on some of their tax cuts.
US markets up
We might have another bear market rally coming.
Anyone wanting to buy this would not get it at this sort of price. 30% ownership in the Darwazah family, they would surely block any takeover at this price. I think a minimum takeover price of £22 was muted when rumours started a few years ago. I got in yesterday as it was starting to look bullish to me, wish I had put more in:( Let's hope this rally holds, but setting some stop loses just in case it pulls back.
Some real bargains to be had amongst this morning's panic, looks like the bOE has stepped in to calm markets, nice bounce, hope it is sustained.
Bought back in today so hope you are right.
One of the best performing shares on what has been a tumultuous couple of the days on the market. This is starting to look good to me as a recovery play. I am guessing the high Darwazah family ownership and dollar earnings maybe helping support the price in this turbulent market.
This is just resuming its normal trading pattern, good share to trade on the way up. Not sure why long term holders have to get so defense in on here, it's doing well and the long term trend is good, but as usual it got too high to fast on some good news, and everyone got over excited that it was going to be mid 30's etc by end of month.
You guys on here are idiots, I have never agreed with aim, I literally said he “had a point” here today, hardly agreeing with him, now conspiracy theories kick in that I am aim… if you have deduced that from my posts I cannot take anything else you have posted on here seriously. Good luck all.