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Share price is up 25 per cent in the last month. It's one of the most shorted shares out there. Eventually it'll hit a sp where the shorters will come steaming back in. Historically they tend to push it back to the mid 20's
Joey my short was closed, it was a tough hit but those are the breaks. The focus now is earning a quick buck buying between 34-36 p and upon hitting 39/40 p to sell the lot.
Up 2.5 per cent today so a positive day all the same
Have decided to put my neck on the line and invest in this at 35 p. With oil prices rising, all going well this could hit 40 p by the end of the week.
On a 12 month low of 367.50 all because of a CEO stepping down next year. this truly is going from bad to worse.
Joey,
As my posting history shows, I bought some at 32p.
The shorting on this share is something else. We were in and around 135 all last week and now it seems to dwindle at around 125. Someone is shorting this heavily.
This could go all the way to 3 pounds by the end of the week. Would be a brave man to get involved at this stage.
JD seems to be really struggling today. Is there any reason for the sudden decline? My guess is it is being shorted back down toward the low 120's.
Tullow making gains today when lots of the market is struggling. In Rahul we trust!
Ocado down a whopping 8 per cent today. I reckon it will bounce back up next week.
JD seems to be in disarray after last week's highs. Why hasn't it climbed to 140 plus?
I firmly believe 34 p is the peak. Will be shorting all the way down to 30 p.
Up a whopping 5 and a half per cent in just one day. Is there a reason for this jump?
It seems 135 is the new level. Will be interesting to see how much it drops over the next few weeks.
Still holding out for sub 30, been burnt too many times in the past by tullow. The ten per cent jump in the last week has been unexpected.
With inflation in double digits over the last few years your typical customer has seen circa 10 per cent wage declines. That coupled with increased rent prices means they have less money in their pockets.
I can't see this going above 32.50. this is a short for me this week.
The fact of the matter is that your typical Joe blog has less disposable income at the end of every month. Pay rises have not kept up with inflation so the outlook is bleak for retail.
JD isnt a buy at current prices. A lot of consumer spending will decline in the summer. Lots of people are being hit with increased mortgage interest payments in the first half of this year. Reduced disposable income of 3 or 4 hundred pounds per month for most people will cause consumer spending to dip imo.