Beware of Shorters bearing gifts2 Nov 2019 03:46
I sold out on Friday at £2.25, having held Metro for several months and suffering 20% losses. As the price went up into £2.30's I felt a bit stupid having being loyal and believing in this company. (Still do as a company, but that's different to an investment)
Saying that I am sitting here thinking I may have got out a bit too early but I think I may have made a good call.
We know the Media have been controlled by the shorters for many months now and the price has been controlled by them.
The lack of movement in the market must have been worrying for them, low volumes and no exit strategy.
What this share needed was a fake rumour to get things moving again and what better way than through the press.
If Lloyds was generally interested in this bank, dont you think the big investors would know and this SP would have shot up to £3 minimum.
Do you think there would have been some big trades piling in, look at the volumes. They are small fish (PIs - probably newbies piling in)
Metro have lots of new customers, customers who belong to Lloyds and the others, this big banks dont want Metro around and may be in on the game... what reaction to the SP if Lloyds deny those rumours tomorrow or Monday. Also a bit of deflection away from Lloyd's bad PPI news may not be a bad thing.
Combine that with an attack by the Algorithms next week and this is sitting near £1.50 again.
I am relatively new to this game and no expert but I got burnt when this happened at just over £3.
I hope I am wrong but I cant help but think there is a trap here and you are all wheeling in the horse and partying thinking this game is over.
Play this game with your head not your heart, the world is corrupt and the hedge funds are clever and more corrupt than most, that's how they got wealthy. They also have deep pockets and may even be paying some of the rampers on here to draw a few newbies in.
Good Luck everyone, I will buy back in on this one if the chance presents but I think there is a few more months of turmoil and pain yet to come.
It's just my opinion I could be wrong but tread carefully people.