RE: Short posted!12 Jan 2024 08:25
Well from the data posted recently it looks like we have a large short position by a new company to Ggp. They’ve been shorting other companies not related to mining, it looks as though they won’t be here long. Their forays into other stocks have shown a steep drop followed by a sudden rise, so I’m expecting the same here.
Why?
Well the data is showing nearly all the PI nominated account holders have been falling these last few months. These do include 100,000 of my shares that I sold to buy Starvest, where the deal was to close the company and give back to shareholders 1.33 Ggp shares for every Starvest share. These are due in January. I can’t be the only one who’s done this, so expect a rebound of increases into the nominated accounts. I certainly will have more than I had before, for no outlay.
Shorting at this point seems really daft to me with this Starvest deal coming that firm should do a bit more research by the look of things.