Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
About 250 Million shares have traded since 12 January. Let say 1/3 of those are shorters selling borrowed shares pushing the price down then the rest are share trades by the likes of you and me. That is 83 Million shares have been used. Since 12 January has the short increased 10% of IQE - I will assume it has. 10% of IQE is roughly 80 Million shares. So to me it looks like they may be running out of Shares to sell. Lots of assumptions here which might not be correct and further the shorters may have bought back shares at some point.
What I thought was interesting yesterday was that Apple said the were looking to become cash neutral and went on to talk about the 170 companies they bought last year - both large and small. Augmented reality and vr are where they are going and the ability for their kit to see 3d is essential and IQE is at the forefront of that. So why don’t they buy iqe? They have to spend all that money - 38 B on tax which leave still way over 100B to buy iqe.
Batshit you are doing more that venting frustration you are trying to colour our view of the Apple results to negatively reflect on IQE. The Directors are there to run the company for and on behalf of the shareholders and they are not there to ramp the share price. You use words like "realistic" and "unicorn" and it has only gone up 2% - to me these look like a sly attempt to spin the share price down whilst pretending to be positive.
As you know this is the period between year end and the results so the Directors have their hands tied and can't enter this debate. Yes I am looking at sunshine and yes you do appear to be putting a negative spin in this.
bathit - lots of buys compared to sales - i think there is a good chance this will go much higher. remember our technology input is higher in the 10 than other iphones and it seems the 10 is outselling the rest. you can try and spin this down but its not complicated and people are getting cleverer to fake news
I recon Lucas and Harry the Dog are short. This couldn't be better news for IQE - the shorters will now be sweating. The iPhone 10 is outselling the other cheaper iPhones and IQE make the wafer in the WIFI element and most of the VCSEL that go in the 10. I am hopeful for tomorrow.
The battle goes on - don’t be fooled by the number of sellers vs the number of buyers. Most of offers to sell are only for a few shares - someone is playing games trying to big up the lack of offers. I hope this means the shortest are running out of ammunition and we can be left in peace and then the share price can reach an unmolested equilibrium. This shorting sort of damages the reputation of iqe and should be controlled for that reason alone.
Im not sure but if the shorts want to close don't they have to buy back the shares they have sold - this will have the opposite effect and push the share price up and not down. - I think the short play is still ongoing and they are waiting for the US market opening
Watching the trades battle over the one pound level is exciting - I’ve just bought so am rooting it won’t break down. As far as I can see this is all about trading as I can’t find any recent real news
just checked this is the highest volume of trades in a day over the last year (all I could be bothered to check) When shorts unwind the price goes up - I don't think any of the shorts have unwound not because of volumes but because the price went down- I think the price rose after the US market opened because they see the Apple thing as fake news and see a bargain. I think the shooters are playing a dangerous game - buy on the dips and bet against them.