Funny situation to be in - pincer movement from shorters19 Dec 2022 15:51
If the news is dire (not a bust) then sell sell sell is the time to buy.
If the news is good and the price recovers, if it a temporary sell opportunity or a lasting recovery? People will flee and escape.
Many will try to call this and will be wrong one day, right the next or the reverse.
Panic will bring this down sub 70 into the close when a buy may be more appropriate. No one knows.
If you bought at 92p recently, yes uncomfortable as it is, but others bought higher.
Take a position and react to the moves. Picking bottoms is never easy.
Good luck tomorrow whether you or short or long as you may have decisions to make and then hope that those decisions are right.