RE: Hedge Funds Beginning to Bailout in the UK29 Jan 2021 13:37
OnlyHammers (sorry for shortening, but easier to type!)
Yes i mentioned the other day when the price started to rise that I thought Sandbar must be closing their position - they maybe lucky that the market is favoring them to close more yesterday / today
As Willy says, it is a very dangerous game - it will hit hedge funds early doors, but the PI who jumps on the wagon later will - get badly burned - Gamestop down 44% for instance
IA few of those and PIs will not jump on the bandwagon
As we holders in CPI believe thie fundamentals are not like Gamestop - it would be great to hurt the shorters (there will be lots more than Sandbar) here to take it back to a sensible 50-60p
Willy - you and I are big holders here (and a few others) - my GBP145k avg is about 38p now - which was what Schroders last chunk was (although they did sell a bit of that at 46p)
This is why I am not concerned with the share price - only so much as if we we at 50-60p I would top slice a bit for a few other opportunities - I will be leaving 100k until we are 80p before re evaluating my position
Schroders are making money no doubt, by lending the shorters their shares
Good luck all and great to see a few more informative posters here these last couple of weeks
GLA and DYOR!
Cheers