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Read comment below, buyers must be realising the share price is worth a lot more, the price has only been driven so low because of record shorting ranked No1 in LSE.
Also shorts have been spreading false information and have been scaremongering on the forum sites.
But the tide is now turning .........
My prediction shorts will close by the end of the month and there are going to be fireworks x
If you want rational to why there are loads of buyers and buys coming in, maybe you can't see it because you are in a tunnel vision.... I bought more at 27p because I see value and loads of potential in this company.
In my opinion they are buying and holding and driving the price putting the shorts in a vulnerable position.
Shorts can only hope it goes down again but I think we have found the bottom.
The answer is no......
Please see reference below:
https://shorttracker.co.uk/
Petrofac is still the most shorted stock in the LSE
At 11.2%
So what this tells me is that more and more buyers are seeing value in PFC driving the price higher and higher.
This should in turn put shorts in a position to buy back shares to save their profits causing the great short squeeze I have been banging on about for the past 40 days....
There's still news to come, we will soon find out the outcome of talks/negotiations with lenders.
PCF will be fully transparent with the lenders, proving their 8 Billion pipeline is profitable.
Apparently PCF have reported they have received advance payments from clients for some contracts.
For me this is the perfe
I am monitoring the shorts position daily....
I can confirm the party has not began, the short position has not decreased.
When they cover we get rich π€π€ let's drive them out
Would love this to trend on Reddit