Member Info for Rory1708

Been here a while, the same four funds with one occasionally dropping their position below 0.5 and dropping off the radar for a couple of weeks before coming back in.

This too: https://www.google.co.uk/amp/www.telegraph.co.uk/business/2018/01/31/market-report-pharma-stocks-slide-donald-trump-vows-tackle-high/amp/

In the two months since the buy back was announced they have repurchased just under 8 million shares. A drop in the ocean compared to the 60+ million outlined in the initial RNS. Whats also worrying me is I have emailed investor relations 3 times over the past two weeks and had not so much as even a reply to acknowledge my enquiries. Never a good sign.

And still we sliiiiiiiiide.

For the buyback providing stability to the share. Since the buyback was announced they have repurchased a measly 3.3 million shares , scant figures compared to the 67 million limit outlined in the initial rns. Certainly not easy keeping the faith here.

as a long term holder this makes pleasant reading. this is a solid company with a share price that has regressed far too much imo, here's to a strong 2018. GLA.

Since the buy back was announced the most shares vec have purchased in one day is 300k, very little in comparison to the volumes of late.

Being played this morning

He has previously declared he is short this share.

I think this goes into the 80s. At which point i'll add to my holding. gla.

Let's see if 112 holds

Agree, truly awfull performance the last few weeks even on the back of high buying volume. Long road ahead. GL.

7 days of buys outperforming sells by 2 if not 3 to 1 and we move 5 ticks, one day of marginally more sells v buys and we drop 4 ticks. Would hate to be in here for the sort term, must be excrutiating. GLA

I was expecting a slow to decline to 110 and a bounce back to 120 (not immediately of course). However the suddeness of the drop from 116 to today has me thinking you might be right and considerable downside is still to come.

Have taken an interest after a 12 month absence.

From a PI perspective I can see your point to an extent that it is not an absolute necessity although like threeputt says a well placed short on an index is a good hedging strategy when you have a long term view that you feel needs a little protection. I think the large funds on the other hand, where they have many fingers in many pies ranging from equities in domestic and foreign markets, bonds, currencies etc then the value and importance of shorting increases exponentially. Our psychology and learning path dictates a lot of how we invest / trade and for me personally the odd short (just to reiterate I am long here) compliments my personality / startegy well. If you have found a groove where shorts are not required then fair play my good man, by the sounds of it it's certainly working well for you :)

Ethically and morally wrong is a little far, most finance / portfolio management / quantative analysis textbooks recommend shorting as part of a well rounded and robust risk management strategy and these are books are used by educational institutions that are lecturing the next generation of investors / traders. The % of short positions in the market in general is only going one direction imo. On another note buys are 4 v 1 today and RSI is on the rise, hopefully the sp breaks and follows suit. GLA

Of buys is keeping up today, maybe the corner is approaching

You have to do whats right for you oldabutnowisa, congrats on the investment, enjoy your profits :)

Hi Mulder, my position with PETS is similar to VEC although I have held that share considerably longer. I have a long term view supplemented by short term trades that can be held anything from an hour to a week.