Member Info for Phoenixy

Maybe D1 capital and other shorting Ocado will be more worried about GME short and will focus there and let lose Ocado...

Btw, today's addition is just a top up to my existing holding of 14k shares which is obviously under water.

Boyobach,

Great work on your buy last week. I also got the opportunity to buy under 370p in today's morning dip.

I was wondering where's the next trend line if it breaks 378-380p range

Thanks

Valueplay, hmmmm we are green as of now so looking good for bulls. Across the pond, GME and AMC are both short squeezing in premarket so be wary of your shorts. Wildfire spreads do happen during summer!

US inflation cooling fast and furious was the data at 1:30...Interest rate cuts coming this June

Why the big fall in the past hour? Another short attack!

Not sure what why play is here with the shorts!! Do they really want to crash this down to get few more pennies? Time to short was around covid highs but I guess many shorts got burnt and they are now revenge playing...Hopefully we see some good news rolling in to get of this lows

Exactly! All bad news is out that was out of company's control..Shorts are at the highest level seen in years and one piece of good news from Ocado can get this flying in no time.

Where were you yesterday ? lol... hiding under the bed?

Yes, Ocado could get to 500p easily and avoid exit

Also, if Ocado was to be demoted to Ftse 250, how much of the impact it will have. Guess it was given that it will be demoted when it was trading under 350p just 2 trading days ago.

Chill guys - these are indicative changes.

The actual review of the FTSE UK Index Series will be conducted using data as at market close on Tuesday 4th June 2024. Confirmed rebalance changes will be announced after market close on Wednesday 5th June 2024.

Ftse 100 down almost 1% and Ocado up 10% shows how strong Ocado is today...

Come on!!! lets go to 420 now

The price action looks very bullish and more likely to go to 490p than 390p, who knows! what we get in today's close and tomorrow's action will be very interesting. Hold tight is my advise if you are not short!

Similar to the way it goes down when buys outweigh sells and was the case over last 2-3 weeks. But I believe today's rise is mainly due to shorts closing or were closed last Friday

Likely not to see Valueplay until we have a red day here when the same old negativity will be reiterated.

Anyway, auction door knocking for Ocado shortly on 10%+ rise I guess.

Ocado has the ability to do 20%+ moves in a day whether up or down...Could this be the day/week where we see some squeeze

The current play is mainly shorts getting squeezed. Most of the increase in recent shorts have been mainly between 340p to 370p so the shorters are now underwater for their recent additions. A domino effect could happen if shorters like Kintbury that reduced their position last week among rest of the shorters. Let's set some panic for them by getting this above 400p today. GLA

Definitely shorts reducing since middle of last week after triple bottom...time for some big bullish moves with the remaining shorts trying to close or cover.