Member Info for Sanchez599

It's quite tempting to email the FCA regarding the Telegraph article and its framing. It's really not on to make out a short position is new when it isn't and then get the press to pump your short with incorrect information.

One observation would be the big push down of this morning has now passed. I am struggling to see how they generate another flush like this morning if they want the SP past today's low. The smart money has probably already left.

If you did what the market suggested and sold in the drop you are paying more to buy back. If you did the opposite and bought, you are already up.

Look at the bounce from 4.08p some positions are definitely being covered today. They will have wanted a load of amateur shorts to piggyback on the article and get burned, whilst longs panic sell.

Similarly to a hyped up stock, when the hype is peaking the run is usually over, when the volume gets turned up on a short, it's usually near its conclusion.

They need a liquidity event to create the sell volume to both drop the SP allow them to close. Well we have that this morning...

Lots of NT to buy for size also which is interesting.

Maybe Sheltie but this began at £9.50 - £10 so they have not just got started.

Given today will likely be the most press/attention and selling they get from their short, it begs the question will they actually close some out today on this drop.

If they are short, then their position currently isn't above .5% of the company. They aren't showing up on the short tracker sites. If they started in October, I would agree that it was probably a double team with Peel Hunt. That PH broker note as I have also mentioned before was deliberately designed to try and crash the price. This explains in part why for me.

It definitely reads like a puff piece for them, written after a deep low (-62.5% from highs) has been booked and when it looks like the issues that comprised their bear case are being debunked. They risked not closing before the trading update and it was a beat and an upgrade for Dark so lo and behold here comes the media cheerleading. Dark themselves are obviously very confident of their 2022 pipeline and are goading them into staying short. You don't do that if you aren't confident.

I think I mentioned before the results came out that we were in that greed period for shorters! £3.75 would have been a brilliant close for them nd now the SP is nearly 20% higher than that. No wonder they are pumping out Telegraph reach-arounds - the Telegraph aren't being altruistic here are they The misleading framing of it as a new position in my eyes looks pretty desperate.

And remember their short is currently up against those aforementioned consecutively and robustly improving results, a buyback and they now need the SP to go lower than before the results were published, when the results were good. You can't have everything. If the results had been bad, fair play to them... That seems like a pretty weak case for a short to me. Especially one so small.

There are a lot of HNWI supporters of DARK. Maybe they need to start showing their support by putting their hands in their pockets...

Great article Bobocaca. However you feel about the run to £10, nothing fundamentally changed with DarkTrace in the time between it going from £3.30-£10-£3.75. what actually did change was the some substantial growth was communicated at every trading update. It's a real shame because it turns investors into sufferers of Stockholm syndrome where they try and rationalise a 60% fall as 'well that's what we are worth' ignoring the fact that the same business was worth double a couple of months ago.

Our exchange is stuffy and run by a generation that simply doesn't understand tech properly. I mean look at the SP after last week's update. It's been great to trade but it's garbage really. Crap markets, even worse market makers.

Apparently one of the Ukraine senior government ministers was on TV only a few hours before saying she expected a cyber attack would be seen before an invasion. Obvs like Gov parties, it's more a question of when aren't Russia running cyber attacks.

“Just hours before the latest digital sabotage, Ukraine's ambassador in Washington told CBS News that her country believed a cyberattack would precede any major military action by Vladimir Putin's forces.”

https://t.co/0s1q3AM8C6

Apparently they are demanding a response from NATO next week to their ridiculous demands such as that independent countries Finland and Sweden aren't allowed to join Nato.

NATO have been shown to be toothless so I doubt anyone would stop Putin anyway. XI wants Taiwan. Putin wants the Soviet Union. And there is no one to stop either of them.

Yep unfortunately made a head and shoulders pattern this morning when 450 didn't hold. It will get bought back up again. The waves up and down are being traded. Just how it goes. Still bullish for a go at the 50ma in the near future.

Lol.

Higher lows, higher highs today... Getting riskier selling in the 440's if you want to buy back.

You may well get your wish. We seem to be getting into an uptrend. Dips are getting bought.

RSI is a good metric for showing general strength but I don't buy and sell because of it generally. MACD cross is a good simple indicator of a switch to buying from selling or vice versa. Personally I prefer MACD to see when selling is slowing rather than wait for a cross, but both have value. With TA less is definitely more. I have learned over time the best thing you can do is keep it simple and focus on price action and some very key indicators. The rest is just noise.

Also bear in mind the 50ma was around 485 when the last RNS landed and was the barrier we hit and probably when the large portion of shares were sold, if indeed it was a sell at all. It's dropping day by day and is converging with the SP, all of which reduces the role it plays as resistance as we move on. I'll try and keep TA in this thread so if you aren't interested, you don't have to read.

Trading might seem a bit dull this morning, but it's actually getting quite interesting now. If you look at the 5m chart, you can see a series of shakeout dips being bought followed by a mini break upwards. Real support around 438-440 now. I think this is showing some decent accumulation still taking place.

I know Charles mentions the 40ma but the absolute gold standard for a technical indicator of a switch to bullishness is the 50ma which is currently at 471. I suspect we are going to go for it pretty soon, perhaps bang out heads against it once and then get above. The MA's are shaping up to level out now which makes an overall long term trend change much more likely.

Lots looking good for Dark technically at the moment.

I'd caveat this discussion by saying that it doesn't actually show a disposal. It may just be a reorganisation of holdings. Given what is going on with ML that wouldn't be a huge shock.

Hi Charles, not rocket science, just enough of a discount below what I sold. Happy with average now so am going to just hold. Might see a little gap up again tomorrow morning. TA wise, the one that really matters for me is getting back above the 50MA. That would be very bullish. And whether you like TA or not, it would send a big signal to other traders.

Hope those waiting caught the 430 dip!