Shorters21 Dec 2019 21:51
This had a massive short position BEFORE the muddy waters report. MW short position was below 0.5% so I'd guess they were getting paid to write the overly negative report.
It wouldn't surprise me whatsoever if these shorters had way too much stock on loan that they could not buy back very easily. So they PAID for a big negative attack on this before Xmas, when many are away and the markets are illiquid.
They will need to buy back at one point and I believe the bottom forever was put in at 1200.
The company has authority to purchase 20m shares. That is no small number. Put that along with a few director purchases, continued stunningly good numbers, cash generation and growth, shorters needing to buy back a huge amount of stock, large shareholders not selling...
Interested buyers like fosun sniffing around and I can see Goldman's target of £40 getting hit in h1 next year. That sounds over the top, but mw were calling tesla short (and bankrupt) and that just made new highs after their attack there.
This has all of the ingredients of a massive rally and wouldn't surprise me at all to see a 50%+ rise in 1 day from here + a continued recovery and fresh highs above £30 fairly soon.