Member Info for johnychainlocker

Same as you vod, I bought at 09:12 at 5.067, sold at 10:38 for 6.078, only made £200 but ok for just over an hour!

@MrMaker,

How do you know if “MassiveShort “ just been taken out-where do you get that info from?

Just bought in at 500p, hopefully adds to momentum, others join in and hopefully set the shorters on fire

I’m not quite sure it’s as cut and dried as the article you picked up on Shahz makes it out to be as to the only reason TotalEnergies pulled out was simply profitability.

They were much more interested in the hugely bigger project in Jubail, according to another account - ” The signing by TotalEnergies, on December 15, 2022, of an agreement for the construction of a polypropylene plant in Jubail, Saudi Arabia, also contributed to condemning the Algerian project. Totaling $11 billion, this larger investment helped eclipse Arzew”

There has also been ‘strained relations between Sonatrach and Total going back to 2019, not to mention the project having been postponed 3 times in the past already which has added to costs.

More like a 'prod' than a break, but fingers crossed!

Can only imagine it's a shorter reducing slightly

Agree confluence.

My optimistic part says we can hold or increase price today, but my pessimistic part says that the shorters are still in control here (as Harry from Switzerland so eloquently described)

Fingers crossed!

GLA

I have just written to FCA asking them to look into what I’m sure most of us on this board (not trying to speak on behalf of everyone), see as outright manipulation by the likes of Astaris etc. of PFC share price.

Course, won’t hold my breath for reply, ( still waiting for full reply from last letter about a month or so back)!

Anyway, makes me feel better getting it off my chest

(anyone else feel strongly enough to write, course that would be ideal)

Astaris must be scrabbling around now for shares.

I only hope the shenanigans we have all suffered from are going to wain, HOWEVER we need more institutional buyers. Small PI’s never win against shorters/hedge funds with the wonga at their disposal. Surely some of them must see what we have been seeing, that this company is on turn around and the future looks bright.

Onwards and upwards, (and my ISA certainly looks a lot better this morning!)

GLA

With you on that DarkKnight -
From FT.com “The 10 analysts offering 12 month price targets for Petrofac Limited have a median target of 89.08, with a high estimate of 198.85 and a low estimate of 69.20. The median estimate represents a 30.14% increase from the last price of 68.45
Ya pays your money and takes your choice!

Like they say themselves “ Garbage in Garbage out”!

Totall agree JG. You constantly hear that shorting exposes companies’ falsities, or it improves liquidity, yes maybe in a MINORITY of occasions , mostly they are FORCING prices down to their own ends, appear to be working in conjunction with each other, and just plain simply manipulating the market!

Auson
Wow, how d’ya get that info so quick?

Absolutely Auson, gonna do the same tomorrow with limit buy just in case has further to travel. Wouldn’t be at all surprised if GLG or Astaris haven’t increased

My top up just completed at 69.0p. Only £1000, but I’m in big time here and every little, especially below 70p counts

What’s in our favour I think is that a few shorters have starting prices around the 70p mark, so if they’re looking to exit , the wise move imho, they’re gonna have to buy - methinks possibly a bit of a conundrum for ‘em ?

Goes below that Mav and GLG start making some money back, what then?
They have to buy back to realise the gain, funny old game.
Got my buy limit order in in case goes below 70p

According to shorteurope GLG increased on 2nd at starting price 71.45p - they already lost out yesterday, interesting to see how develops

Without a catalyst the share price is not going anywhere - fast.
Strong director buys, new contract news, (even some bad news), the shorters are still in complete control of price whilst they duck and dodge their way out, hopefully of their ‘predicament’.
They are professionals with all that that brings, contacts, knowledge, lots and lots of wonga.
The sun is rising on a new dawn for us, just need patience .
GLA

When you point the finger dogger, remember, you got three more fingers pointing at you!