RE: Shorts added 5th6 Feb 2024 22:32
Evening Guinness
Yes they have called it so far and are well in the money if they have been shorting from £15+. Some recent shorters are out of the money too .
I also called the long on several occasions, after the SFO and averaged down well so a bit of respect all around I guess. As well as topping up around 45p before the price went right back up to over £1 range and more recently at 14/15p. Also trimming on the tops, yes respect all around. To longs and shorts.
All I said was if they are so sure of the outcome then why stop at 11.59 %. The truth is they do not have cetainty unless they are insiders and it seems the leaky ship has stopped leaking.
When this unwinds, I may be left with a tax loss if at 0p, but at these levels (30p) can exit without much pain.
Tomorrow may change that, next week, next news etc - the longs may win the shorts may win or both depending on the contrarian trade.
If the lows are revisited then I like many will continue with my plan as I think most agree this is not a bust.
All I said was if they are so sure of the outcome then why stop at 11.59 %. If it was a one way bet, as a shorter I would double and treble down.
The reality is for the shorters it is not a certainty. The odds may be in their favour or not. Neither you and I can determine that at the moment.
The BoD will decide the shareholders / bondholders fate. Investors will decide their own risk.
Plenty to play for here.
Certainly no lack of respect or awareness of risk. In the past the riskier can lead to the greatest gains.
All the best,
Mx