RE: share price rise21 May 2018 13:03
Always nice to be vindicated, I always had faith that this company was going places and there's nothing else like it in operation more's to the point. Its a shame Hool and a few other shorts I can name aren't still posting, especially after the Kroger deal was announced, they don't come much bigger.
I saw a post recently pointing out that Ocado where now bigger than M&S in a scoffing sort of manner, today we hear M&S are to announce a raft of store closures! Please listen you bears out there, the market is changing daily and betting against Ocado will lose you a packet. On that note I see on short tracker they're still over 7% despite the Kroger deal (and the others already announced) so still room for a move higher despite any further deals being announced. How high can this go on what we know, we're in nose bleed territory looking at fundamentals but they don't play a part in the story just yet which is where the shorts come unstuck, as I said a few years ago DO NOT trade this stock on fundamentals trade it on the technicals such as the changing shape of the market for instance.
I'll stick with the 5yr plan which would put the SP at �14 next year although we would need to see some more deals on the table to achieve this, Tim's bonus depends on it !