BlackRack really trying to push this down - must be something brewing. Upped their short again by 0.1% now stands at 0.9% but SP recovering. Wouldn't be surprised to see OM have increased again.
Most of todays trades were AT and the MM's have got this where they want it for their masters - shorted. WorldQuant LLC now registering a 0.5% short. http://shorttracker.co.uk/company/GB00B89J2419/all. Large late reported O buy trades suggest this stock is a steal at a fiver. Wouldn't be surprised to see a bid at these prices or OM increasing their stake. Will keep the faith with this one and hope 2017 will be their year as 2016 looking like a disaster. Not a fan of shorting personally as I think it is a distortion of the market but others would say it makes the market. I say it's legalised manipulation - still what do I know except not to give them my holding at these prices. Watched AAL taken down to 150p and long term holders folding just at the bottom. Very sad. The City exists to take your money. They're very proficient at it, they have been doing it for years. All imho.
Lets see if BlackRock put more pressure on. All it needed was some news flow to lift CLIN out of the malaise that had set in.
Might explain some large chunky buys yesterday.
Expect a significant reversal of downward trend post EU referendum - whatever the result.
What he hasn't factored in is the temporary suspension of short selling on financial stocks. It has been done before, it could be done again. It would be rather fun don't you think.