Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My view on all this is, if it looks like it's going to make a good profit, the ii's force the sp down as far as they can, to get the largest bounce. It's like a sign of affection from an obnoxious leper.
Card looks like it'll drop to at least 35p (that rise is being sold into). So there's a crumb of comfort there. Although I note, the short on Card is reducing.
Maybe we just stay the hell away from anything retail? Except FLTR and ENT because that's the nearest to retail I've got and they look fine.
I thought CARD, no - people will make cards if they're skint... but MOON is for people who don't live near you. WTFDIK!!
If I were to guess (I am) MOON has larger shorts against it and so they'll keep the price down for longer while they exit.
Other reason is: Sod's Law. I.e. the share you just sold will do better than the one you just bought.
At the end of the day, MOON is rising . And in the unlikely event it helps, I agree with you that CARD will get battered because of upcoming grim economic situation.
I’ll buy mine back at some point.
What I did just notice (on Twitter) is it looks like the markets and Conservative MPs are rail-roading Liz Truss in to ditching some / all of her uncosted tax give-aways.
So we *should* get some stability.
I agree with what you say, but the thing I’ve noticed is the ii’s are greedy b’stards. They want the biggest bounce they can engineer.
I’ve also noticed they buy in waves. So they force down loads in one go. Load up. Let rip.
How high will this now bounce? No clue. But it’d be really nice to see those shorts decrease.
I think they're shorting anything retail (guess).
Although, we might be about to bounce. Seems to have been an across the board short this morning, followed by big buying in ones I'm watching. Although I don't see any in MOON. But aside from that, hopefully a bounce coming.
Increased again:
https://shorttracker.co.uk/company/GB00BMT9K014/
Presumably the £1.3 million sell on Wednesday. However, £2 million buys yesterday could be them closing their shorts off already - we'll find out tonight when shorttracker updates.