RE: notgreedy shorting27 Oct 2017 11:57
On paper numbers are not catastrophic,agree with you, but than again nor is sp,IMO. IAG looked reasonably cheep yesterday even with huge jump. I took short just for ,IMO, over enthusiastic jump in sp. closed today with 25 point profit taking view that soonish madness will rescuer and double top will form there when I might repeat short for longer, or not. Sentiment towards sector and future earnings (estimated) also moves sp. ABB wanted shp for tax reasons only and shp had cash at that time. Since bod got greedy, megalomaniac possibly dishonest. Markets can be dumb for extended periods of time. Example JE. (Ocado, fox cwy ...)With similar story to shp, glen been there done that. Clan has lied for years and only when there was no dosh left for divi did they come clean. Tesco .. BANKS,!!!.. it is alarmingly common behaviour of bods On the other side we had fxpo bitten down to 18p, recently passed �3... IMO moments of fair valuations are rear and short. Markets like trying to guess fortunes of cos and drive sp in that direction, until new �evidence � pops up and create volatility-opportunity for vast profits or not.
Btw, we will never know,with certainty, how much is one stock shorted real time, delayed reporting, under 0.5% , swaps- hedges......