Shorting2 Feb 2023 10:53
Panada I will try and answer your shorting query. In itself many people dont have an issue with shorting. It is another balancing aid that many professionals (naked trader being 1) use and can in fact slow the decline of an sp than might otherwise be the case. Plenty of material out there to explore that theory. What is unacceptable is unsubstantiated libellous reports by financial institutions to gain an advantage in the market. It happens all the time you could argue that this exactly what many institutional brokers do more by laziness or stupidity than actual malice usually. What p’s me off that a lot of these roulette vehicles to investing are free fro tax. How can it be right that you have to pay CT while others can borrow your shares to bet them down tax free! I believe germany still bans the practise of shorting banks. The rest of the world basically cant be ****d, under the guise that they found no evidence. Banks incidently have been known to short their own stock. The mystery surrounding the connection between Dark’s founder Mike Lynch and perceived grievances with the purchasers of his old company Autonomy have obviously impacted to the extent that Mr Lynch resigned formerly as advisor to Dark a year ago. Quintessential have suggested that Dark is merely a replica of Dark. Other than having some of the same management which is in common with thousands of other businesses that successful managements sell one company and then go on to found another one, even unsuccessful ones like the founder of last minute, who went on to found made.com. I say unsuccessful , of course I mean for shareholders. The founders seem to do well out of it whatever the outcome. Autonomy was an extremely volatile stock over the years I invested in it. Not sure it compares to the short history of Dark’s recent listing. Dark’s product must be good otherwise they would not have got where they. Much harder to to evaluate the business. cybersecurity has not been quite the success many had expected so it maybe in the process of being rerated, possibly because expectations were over estimated. My personal opinion, is I suspect that for the lucky investor , Quintessential have done some a massive favour on the back of rumour and suspicion.
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