Member Info for Sanchez599

Late trade

16:52:17 433.00 1,358,000 Buy* 6m

6m @ 4.33

I doubt they would countenance a director sell alongside a short position. As you say we shall see.

I bought some back at 411 end of day. Let's see how foolhardy that was tomorrow. Driving it to the days low into close seems perfect for a shorter to close.

If nothing else Kick can point out what a bad call it was ;-)

I'd also add to Kick, perhaps give Charles a break. There isn't a single person out there who gets every call right. All anyone can do is try and improve their odds.

This is shorts trying to get to their target price and having the red carpet rolled out to do it as it gifts MM's cheap shares to sell back at a profit later. The sooner it happens the better.

Temporary ****sh0w at the moment. I cut a significant chunk of my position this morning to trade with. This is how shorts work though. Death by a thousand cuts as I mentioned. SP is very very low now juxtaposed against the results.

I imagine the company aren't buying back ATM so they can hurry the process along. No point getting into a battle. Very disappointing since the results though, however you look at it. The UK has a brilliant way of stifling tech companies. It's embarrassing really.

*there sorry! Ugh autocorrect

Charles I am wary of too many posts but it's hard to say, they could be day trading or just adding to their positions because they need to suppress the bullishness that is arising from seeing what a paper thin argument they have for their short. DarkTrace is undervalued Vs it's results, growth, peers and industry averages and it's all coming out regarding the questionable Telegraph article, appetite the US have for DarkTrace and with the quality of the results themselves. The market went to 495 off the back of the results and now only a few days later is trading nearly 20% below that level which for a large cap such as this, is pretty unusual. Poor or even average results might justify this but this was the 4th upgrade and beat in a row. That's not the progress of a company who has a share price currently on its knees and unable to buy a rise for love nor money.

Buying now I agree is a good idea because this won't last forever and the old adage of everyone wants to buy the dip, until their is a dip rings very true.

Anyway enough from me, my thoughts are pretty clear!

We have had a lot of big sells at higher prices (placings etc). Many of those people still hold large positions. What we need is them to come back in with serious money and start supporting their investments at these prices. Because whoever is driving this is doing it not far above our recent low and tbh it is taking the p out of the company, given their continually excellent results.

Charles have a look at DDDD's price chart, that fall has been driven by algos selling and disposal of a large position, mostly in trades under £1500. They are every few seconds and designed to basically deliver death by a 1000 cuts so even if buyers come in, they can't sustain the pressure. It's why we keep getting knocked back. They can be used by buyers, sellers, shorters. What we need is buying volume and size or for these positions to close. It's imo why we can't seem to find any kind of stability because they are still being used by active sellers / shorters.

Personally I would like to see the company support their fighting talk with the buyback restarting and not make things quite so easy for these people.

Yep it needs that close above 450, I agree. You can see it in the trading, algos kick in and they shave the bid with every move. It's how they turn a very bullish open with people happily buying at 440-445 into what you see now.

Looks like there are still some to close from this morning's blatant walkdown. Nice helping hand from this weak bid.

Shorts back to breakeven...

Sorry I meant to type 433. Typo. Thanks

Opened Monday at 443. Dropped rapidly so doubtful all those short from Monday got in as high as that. SP is really starting to squeeze up on those positions now.

Getting interesting...

I'd also add that if anyone went short on the back of the Telegraph article, they haven't got a huge comfort zone. I think bit of strength in the SP in the next few days might see a few cutting their losses. Shorting after a 60% fall is brave at best, foolhardy at worst. The people they are piggybacking on went short at £9.50-£10. the little guys will be the ones who pay the price.

Good ML news and the bear case is pretty much put to bed.

Showing a bit more resilience at the moment. Cautiously optimistic that the short positions are reducing and we will see another large trade after hours around 4.08p. Seems like their stranglehold on the share price may be starting to weaken.

4 x guidance upgrades and continually beating forecasts since the IPO has to start filtering through to the share price at some point. It really is still at rock bottom. Given we hit 495p on results, we should certainly be getting close to that level once the anchors on the SP are fully shed.

A late run in the SP might show the US view on ML situation.

Imo it's more likely there are more shady connections than we realise than less. It's all proving very easy to walk the price down.

The Telegraph article was clearly designed to help some mates out. They got a tranche out yesterday and they are going for another one today. We really need the US buyers to step in later. Looks to me like they are trying to force the issue before their session begins later on.

Still think there is some dragging on the SP from trading today. Suggests to me like still some smaller short positions to close. Desperate stuff.