RE: All shorters gone at once15 Nov 2020 11:19
All of you raised valid points. Take a look at PMO's short position: https://shorttracker.co.uk/company/GB00B43G0577 , 9.29% in total with ARCM currently at 6.19%, was around 16% at one point. They are one of PMO's creditor and shorted the company to oblivion, made a fortune but was only fined around £880K by FCA recently, as usual too little too late! Anyway, the point I wanted to make is hedge funds short companies where they can make easy money. And their shorts often followed by bulletin board trolls posting 24/7 to demoralise investors into selling which has happened here in last few weeks. Few private shorters also opened short to go with the flow but I'm sure they are in panic mode now will be rushing to close first thing on tomorrow. I think RR raised the funds at 32p to allow current LTH to lower their average from pre covid level and also allow the company to weather the storm. With PFizer's vaccine and others imminent ones, new contract signing, upbeat on Travel and Tourisms future, I think market will rise as investors will start buying back and take position before the inevitable rise kicks in. Boris Johnson is expecting a better Spring next year, I agree with him, so did Andrew Marr this morning on BBC One lol
IMO RR will be pushing towards 140p-160p mark short term and stabilise there as the fear factors are now fading, form a new base to grow further. Rolls Royce is an iconic company, pioneered lots of techs. I think the worry of bankruptcy is behind us now, the worry that forced lots of investors to sell up and stay in cash. They will be buying back now, one of the reason why hedge funds closed their shorts like the way they opened it all. Hahahaha
I can see a brighter future for RR and it's investors who undoubted experienced an extremely tough last few months.
GLA
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