RE: K327 Aug 2015 11:51
danmc
"reckon their trying to get it to the 60 mark me ,we were strong at 80 yet were back down here gla"
They can try. Who knows how successful they will be. They won't stay forever. Oxford Asset Management took a little off the table on the 24th. They have made 90-95% of possible profit and there will be fatter targets elsewhere, so I expect them to start moving on. They are almost out of MONI now and the sp has climbed from 4.4p on Monday to over 6p this morning. Look at QPP, which recovered from 25p to 180p, when the last of the shorters went.
They have done real damage to the sp here and hurt a lot of holders from higher levels, just like QPP, but I see no reason NOT to take advantage of the current situation, as did the latecomers to the QPP "party".
Not many chances like QPP, MONI and TUNG come round in quick succession.
Anyway, I've put another bid in, just as a trade this time. If the shorters are rinsing and repeating, you just have to get in step with them and make a few £, while waiting for them to leave for good.
All IMHO