Member Info for hey_arnold

Why do you think this stuff means anything"In the last hour twice as many shares where bought than sold. Price can only rise now surely" FFS

I think someone has said this before but it could be BlackRock Advisors hedging their bond exposure.

Which ever fund that is doing this must have super high conviction on it.

I think buying now today is too early

I think you will get another chance hold your nerve

This feels like it could be another -10% day.

The aim of the shorters is 100% to get this below 50p today.

For anyone trying to catch the falling knife. This has risen from around now till about 13:00 -14:00 where they shorters sell again into the US open.

This isnt new news.

The main thing I now question is what the price would be now had Mr 7% NOT bought his 7%. Could the shorters possibly have low 40s in their sites?

I guess if you have deep pockets like these guys, you keep selling until eventually you get another fund who thinks its too cheap and starts buying. At that point you try and close out. Until that point you just borrow more and keep selling.

If I worked for a hedge fund I would be doing the same. The 49p level is an obvious one to sell it down to.

It takes one fund to push a company this size down. They don't have to use all the shares they borrowed on the day they are reported as borrowed. They can sell them into the market each day for a week. I believe this is what we are currently seeing for the reasons already stated.

This isn't market makers this is hedge funds shorting this. I think they have a target of at least where they pushed it down to last week on results day. They already know they can get it to that level given they did it last week. The rise was probably idiots like us buying it back up, for them to sell it back down again.

Shorters still out in force this morning. Hopefully there are some buyers out there.

We look like we are going to finish red

Why do you think that wasn't the reason gggg21?

Growth forecasts for ASOS PLC (LON:ASC) are “still much too high” according to Morgan Stanley, which downgraded the clothing retailer to ‘underweight’ from ‘equal weight’ and cut its target price to 2,000p from 2,100p on Monday.

The US investment bank said despite a “very challenging” 2018/19 for the company, where it delivered only a quarter of the earnings expected by consensus forecasts, the market was not predicting that margins will “recover rapidly” and earnings for the 2021/22 financial year will be art all time highs.

READ: ASOS no longer a ‘sell’ for ShoreCap over festive gifting hunch
“We believe it is wrong to view ASOS as a 'recovery' story”, the bank said, adding that the falling top-line growth was “entirely consistent with longer-term trends and are due principally to two structural headwinds that the company has been facing for several years: rising returns rates and slowing growth in the online clothing market”.

Analysts added that they believed that a recent run in the share price over the last six months, which has seen the stock rise 47% to a closing price last Friday of 3,190p, was “unjustified”.

However, despite their downgrade, the bank said its thesis was based on the firm falling below consensus over the next few years and that it was not “making a ‘call’” for the company’s trading update on Thursday.

Shares in ASOS were down 4.1% at 3,060.5p in mid-morning trading on Monday.

Its down this morning because of this:
ASOS PLC ASOS.L: MORGAN STANLEY ASSUMES COVERAGE WITH UNDERWEIGHT RATING AND PRICE TARGET OF 2000P

On Friday 17th:
TULLOW OIL PLC TLW.L: BOFA GLOBAL RESEARCH REINSTATES WITH UNDERPERFORM, 45P PRICE OBJECTIVE