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It seems crazy they would put all that effort into bringing it down only to fire it back up again

Not a 90m close

You’re a bit late Corey, this is flying now

3 million shares brought this down and now 200k have fired it right back up to almost green

What the 😱

Looks like next support was 104.5 judging by that spike

Do you think they really borrowed 90m shares in one go to short. If the reporting is accurate and this only happen two days ago it could take over a month to clear the selling , especially if they drop them like shorts have a habit of doing.

Keeps bouncing off 105. Can’t see how there’s resistance unless the reported 90m short is incorrect as the volume here is nothing in comparison

This seems to be recovering after hitting their price target again. Wonder if they’ll upgrade?

I am too. If there’s been a mistake I bet they are loving it as it’s helping to stoke the fear

This should be made clear either way, it’s an important discrepancy. Price is dropping this morning so is either the short working their magic or people in fear after this notification

Thanks Megla. You don’t happen to have £100m lining around to buy up all their short shares and really catch them out do you?

Out of interest, has anyone here known institutions or major holders go against a short attack like this to force them to buy back at a higher price? I know it’s a long shot, but I wondered if there has been a precedence as this seems incredibly risky from the short perspective

Jonny I know you’ve said you’re a new investor so this is no doubt particularly horrible for you. I absolutely despise shorts, largely because I’m jealous of the way they can manipulate a share price in their favour and with 100m shares that’s a lot of manipulating power. The big thing here is that JD is already down a lot and some institutions may see value in investing at these levels, equally there could be news which make causes a rise (e.g inflation dropping, ceasefire

In Middle East etc). The market indicators apparently suggest this is oversold too so you never know whether sentiment could go against them. Shorts have more difficulty manipulating bigger stocks than smaller ones, but it’s certainly not impossible.

If you don’t need the money soon, this is highly likely to return to highs at some point regardless of what they do. If there was buying pressure for some reason then it’s worth remembering they’ll need to buy 100m shares to give back to the people who lent them too so this could even push this higher than it would have gone otherwise.

Genuinely I feel for you, good luck and know that we’re in in together.

A positive RNS would come in handy tomorrow morning

I wonder if it’s a mistake either that or it’s late reported. Just doesn’t make sense as you say. Most shorts gradually rise.

Imagine if they got it wrong. That’s a huge number to have to buy back

I missed a 0. 100m approx . Surely that’s not right?

Please someone check my maths there as that was off the top of my head

That’s huge from less than 0.5%. That’s close to 10m shares they will be dumping.