Member Info for Metamorphosis84

Here is the bad news Http://www.insuranceinsider.com/trade-credit-insurers-pull-cover-for-interserve-suppliers

http://www.constructionenquirer.com/2018/03/06/galliford-try-takes-on-carillion-directors-to-head-highways/ This is a good move, two Directors with an excellent track record.

Another RNS today, GS gobbling up more shares. They will not go long, this will be the biggest short seen so far. Last chance to get off this ship.

Could be some more bad news, just around the corner. Short squeeze predictions failed to materialise, shorts lining up for another hit, price being revalued down to 45p. Not good signs. Not a good feeling here this morning, lots of people who are long that are very concerned now, this might be their last opportunity to get out. Very possible that this could open 10% down or more.

Was there a short squeeze? The price went up a lot in first 15 mins but struggled to hold. Now back down below where it was a week ago. I just wonder if the lack of confidence remains and if the wise investors took the opportunity to get out and cut their losses? Hopefully normal service won't be resumed with the shorters again. Still looking for a rally to and support for 65.

Very marginally will be interesting to see what happens when Wall St opens. This share still looks bearish to me.

Down by 17 on the week and down every day, unfortunately 470 has simply failed to support. I agree this will come good but now looking for support at 440.

Struggling to find support at 470, if this continues it looks like heading towards 440. 500 looks a very long way off at the moment.

Yes today has been poor across the board today, owas talking a bit more generally with BP, down from 535 in January and dropping below the previous support of 490 in November. Was expecting more of a rally around the ex div rate as well, but it didn't come. But on the plus, the fundamentals are certainly there.

This share is performing very poorly/disastrously over the last month. All this against prevailing evidence and opinion that this is a good stock.

8% gain today looks very promising today. If it can hold for 24 hours, which is possible because the shorters have definitely finished and the company is in good health. Then I might look to buy in. Look forward to hearing more good news, good cash flow and a profit to reduce debts, an future order book won on sensibly tendered rates and a new deal with the banks who will be certain to further fund this venture. Will look for 65p on this one now.

Have been following this one for some time. I did enter at around 120p only to exit shortly after, around the time when it fell because of being on a gvt watch. Also nearly got caught with CLLN but got out shortly before with a very small profit. I have been looking for an entry point since. As far as I can see, things are very very bad. The constant stream of bad news is not as I see it shorters trying to take the company down, but straightforward reporting. Every time there is a small improvement in a days trade, the next day brings a tanking. The debt has not and will not go away. The share is firmly in the grip of the shorters and fighting that seems futile. For me the 'hope' of good news is not good enough to invest. I will be looking to buy in when the share can make and hold a gain for more than a day and when the company shows real numbers to show that debt has been reduced. Otherwise the entry point for me would be around the 0p mark. The idea that this will shoot up to 100p by Easter is fanciful. Almost as fanciful as those who said CLLN would rally to 70p the Friday before they went under.

What mechanism do you use to short this share? Is it an investment into a hedge or are you just buying at the troughs and selling at the peaks?