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Wahoo! Blackrock reduced again on Friday. 1.28% down to 1.17% (-0.11%) All others remained the same.
Total (declared) shorts now down to 3.78% (excluding any below 0.5%)
A good day today will put even more pressure on WQ :-)
Happy days
DT
Unless of course they reduced yesterday ? Lots of short selling (small trades) yesterday and quite a few decent chunks being bought. Suspect a few stops were triggered as well as they dragged it down. Hopefully they will both get caught out and we can move on to better times.
Looking at the chart on Shorttracker, this is the fastest and largest individual reduction in short position since 2013.
Can't believe that II's are not taking that as a massive hint that something afoot and pile in.
Still, what do I know?
DT
Oy! I will be bothered if it went to 78p as I wouldn't hear the end of it from SWMBO.
Anyway, Blackrock have been the PFC's nemesis for years now so to see them reducing in large chunks must mean something is brewing.
Can't really see SFO closing their case before the Lufkin thing is concluded in June, so it must be something else.
DT
Wow! What a bummer of a day to release results. Timing is everything with these things and I guess today was not PFC's day.
No short reductions yesterday so looks like they were sitting on their hands. Engadine gets the trophy for smartest short, increasing a couple of days ago. Nice little 8% gain if they bought back today.
Topped up a few at 1.19 to bring my average down a bit. Still well underwater but fairly relaxed mid term.
Onwards and upwards please.
DT
So not quite the Armageddon predicted by some. All I can see is sort selling desparate to keep the price down amd a few nervy shareholders airing on side of caution. Market is down generally so bound to be a bit of negative sentiment.
Remember, WorldQuant increased their short position from under 0.5% to 1.1%, all with the SP at under 103p and they are still holding 0.24% of that!!
Onwards and sideways :-)
DT
Ryebay now down to 0.5% and Worldquant down again, now at 0.74%. Total declared position now stands at 4.72%
Ryebay have bought back over 3.00% of the issued shares in the last two weeks. So much for the promised short squeeze.
DT
Click it
My comment about no one else buys BGP referred to big institutions investors, not PI’s. Alas our relatively small trades have little effect on the short selling tactics of the shorts in their efforts to keep the SP down while they buy big chunks.
Good luck
DT
Trouble is it looks like the shorts are pretty much the only ones buying, which allows them to control the SP. No big buying from anyone else. For a proper short squeeze we need a bit of good news, like a big contract win, SFO news, return of the divi or similar to bring new buyers in.
I must confess to a warm feeling inside knowing Worldquant has had to buy back loads of shares way above the price they sold them at and they still have another .36% to go to get back to their position pre their recent increase. Going by the report dates I reckon most of their recent 0.61% increase was sold at below a £. Happy days.
DT