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EVOSTI, what you do depends on your circumstances and what your perceived opportunity cost is. I have significant BAB and RR so have already sold some BAE (bought at 400p in Oct2020) and bought some other stocks which I feel will double within 3 years.
So if you have no other Defence type stocks, perceive enough growth for BAE over next few years v other perceived opportunities, don't need the cash for other things, then I'd certainly hold and maybe buy more if no other perceived better opportunities.
I've given a Strong Buy also !!
Oldfortyniner and swingman, Yes, never thought of Shorting as being a type of manipulation, though have always viewed it as not quite right in that it concerns selling another's asset, loan goods instead of stolen goods re legal title, and why doesn't it apply for other assets, eg bonds, commodities, paintings, cars, even houses ?!!
The idea that Shorting makes for a more healthy Market is not applied to other assets, at least don't think so, so are their Markets less healthy ?!!
CR888, I hope re sales staff paid their commission up front that there is a clawback if a sale doesn't complete ?
Also, what is your hat made of, something tasty I hope ?
RR has gone up 5-fold+ in 3+ years and BAE has more than trebled in 3+ years so wait and see for DARK over next 3 years !!
Obvious mistake on Google which another article - Stock news - has used, m should be b for billions:
The global tobacco market is anticipated to surpass a valuation of US$ 627 million in 2024 with a CAGR of 3.40% during the forecast period. The global market is expected to reach US$ 878 million by 2034."
These errors can adversely effect share trading algos, obviously.
Can Google easily be informed of its error or does one have to jump through hoops ?
Axe-Capital, read and re-read your post which in fairness isn't the easiest to fully understand, at least with my very simple brain. Are you invested here at all, appears that you're not, but not 100% clear ? Those of us who have significant losses are well aware of same (not burying our heads), but the decision now is to either 1. Sell all or some, 2. Buy more to avg down, or 3. Hold and monitor with stop loss. I'm doing 3. for now as I feel much of the negativity is simply 'noise', but I'm only a simple-minded man and could very well be wrong. Every portfolio, and I have 28 stocks, has some with significant losses, but also some with significant gains. No business is fully honest and Rusty's DEC is no different, that's why businesses have Regulators and Regulation like annual audits, etc... DEC reduced their div to a more reasonable % v share price in order to free up funds to expand. DEC has some vertical integration by having their own well plugging division which plugs 3rd party wells also. The Nat Gas price should increase in time, but, until then, DEC is acquiring more wells to improve economies of scale. Hedging could be improved but at least it provides certainty.
Personally, I think it's a good strategy overall and if anyone can find some article or docs issued by the Shorters justifying their short position then please post it here asap because I cannot see why they are Short unless they're betting on lower Nat Gas prices for longer and continuing high interest rates for longer (margins being squeezed for longer).
Trades today are so small and SP down 1.75% - manipulation by Mrkt Makers:
Recent Share Trades for Sorted Group (SORT)
Date Time Trade Prc Volume Buy/Sell Value
22-Mar-24 14:31:58 85.00 388 Buy* 329.80 O
22-Mar-24 13:05:46 83.00 131 Sell* 108.73 O
22-Mar-24 12:57:01 83.00 67 Sell* 55.61 O
22-Mar-24 12:50:25 83.00 151 Sell* 125.33 O
22-Mar-24 11:11:32 83.00 16 Sell* 13.28 O
22-Mar-24 10:30:49 85.45 180 Buy* 153.81 O
When I saw the Results before 8am, I knew this would take off today and thought what a load of incompetent analysts disbelieving in this company especially after recent releases of reasonable targets by PHNX. My gut feeling is that key II's aren't wined and dined by PHNX enough !!
Agree PatShare. They got at least reasonable certainty from some contact they had with KKR and then made their decision. Networking advantages !! That's the way of this World and no-one will change it !!
Anyway, glad to double my holding at 417.6p earlier !!
Greygeorge, your 67 posts are from only 11th Mar within last 30 days as you were AWOL for the 19 days before that. Thus your 67 posts in 11 days (11th to 21st Mar) are equivalent to 182 posts over 30 days giving you the Gold medal. Well done !!
Notrex, is this the same JPMorgan that gave Rolls Royce a 90p Target and Sell whilst RR was c 150p last June, one month before Results which drove RR's sp up to 180p initially and then caused a big U-turn in JPMorgan's Target and Rating ?!!