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I don’t think the shorters are going to try and cover costs. Why do that if you are confident? No, they realise that we would have heard about Petrofac failing to secure a financial solution far sooner than if they had succeeded. Time is not on their side. The squeeze is coming for sure 80 soon.
Some green shorts of automated big buys in early trading.
We just need to watch that shorters’ chart fall off a cliff. Not long now!
The graph never lies. A steady increase in short positions, a plateau of hope and now the downturn of doom for shorters begun. A positive RNS at 7:00 am Monday will wipe them out.
60 is coming and right soon. DYOR GLA.
The shareholdings of the CEO are significant. The BOD will have options. They will move heaven and earth to get mote business, solve the liquidity issue and avoid dilution. Once they solve or trade through the liquidity issue the shares will go up by a significant amount and they will get even more business as confidence is restored. A solution may be found quite quickly. The share price is under attack from shorters but holding steady at 30. A good short term risk with a very good upside. Getting back to 80 or 90 is a minimum really when the solution is found. I believe it will be and that it will not involve dilution. But there is a risk many would rather avoid. DYOR GLA.
Yes, it’s due 20th.
Fret ye not child.
Magic dude, magic.
No, you’ve got it wrong.
Petrofac US listed shares increase 10.5% means the Monday bonanza is a definite due to a positive blockbuster RNS. Get those fill pre orders in now as this could sky rocket by 75% in a couple of hours. Use it or lose it!
Magic dude, magic.
This share is going through the stratosphere on Monday. The shorters betting their shorts on a crappy SFO case from years ago will make all the long term investors a small fortune next week. The Monday morning RNS will be a blockbuster!
THANKS CRETINS!!!!!!
The RNS on Monday should push this to 60 by lunch time. There will be massive pre-market buys by shorters getting squeezed out.
I agree. The company is sound, liquidity solved and the share price doubles vwry quickly and thereafter a steady increase in tbe longterm. A lot would have bailed out before the 20th and are kicking themselves still. Stand firm the orice is solid in the 27- 31 range. Positive RNS Monday and steady news thereafter and 75 - 100 a month from now is possible.
Share price is steady even slightly up on opening and massive 500,000 buy after hours yesterday. Should be some action next week.
It is an ex-COO and ex-executive and they are up in court on the 19th Feb at Westminster magistrates court. This is the news shorters were banking on. It is old news to be sure and Petrofac should not be affected by it but the share price might be I guess.
This explains the shorters still being around and the lack of news I guess. It will be old news soon enough and relates to events from long ago. Better out than in I guess. It may effect small time investors in the short term but will be cancelled out by any good RNS.
Trades are down a fair bit on a week or so ago. ut some big buys popping up here and there. Looking good for next week.
Steady at 27 - 31. All good.
Could’t resist, but filtered the troll now.
TWAAT
at least he can spell, you thick **** nonce.