Member Info for sharcus

Not one to take losses, so I rather sit on them for a few quarters and ride out the lulls, prop-desk style. It all comes good in the end, eventually.

Heading for capitulation. Thought it was just a hedgie playing silly games but the graph's now looking likely to shake off a few stakeholders at this moment. Once we have those massive sales prints and exchange of hands, then we can move up imho, and not before. I'll hold 'til kingdom come as got diamond hands (and also do not see any other small cap in 4d's space with anywhere near of its portfolios size and diversity). Don't know where the bottom is with this one but our time will come.

No visible shorts as of today so WQ's been busy closing their short the past few days. Or at least taking it to below 0.50% reportable threshold. Maybe now we could now see a turn in the graph.

A whopping 1.5m trade @ 38p a short while ago this afternoon. Quite a chunky lump to throw around. Wonder if it'll be followed by a few more.

Well somebody's selling, and by the roundness and size of trades going through, it's predominantly retail too. I honestly can't think of a worse time to throw in the towel. So they clearly ran out of patience, and couldn't wait for the LT marketing boost. Nerves of steel ... not.

If the ladenburg thalmann covergae on the 13th of July sparks any fresh interest among a few funds we'll be off to 110+ in no time, and 150-250 quite easily if a bidding war emerges. Can't see us at those old highs of £6-8 though.

I reckon the opposite. They'll just short more. Unless we open at 120 tomorrow am, of course.

Still sub-30? I think it's got overcooked - this pop's long overdue.

9:06 - Not entirely accurate. At least 2-3 senior guys have decided on the soundness of that "hit the bid" logic and one of them is actively monitoring its granularity in application. Trades might be executed by algo but don't be fooled, it is tweaked quite frequently. Besides they manually buy and sell too. DMA (Direct Market Access) is a beautiful thing but without a prop desk building a non-reportable long position (like the situation we seem to have found ourselves in the past month) SP often has a southward bias, even on a quiet day.

Tils went up tenfold within 4 months. If 4d manages to appeal to a few yank funds we're sorted. Biden's lax anti-ip push isn't helping atm imho.

19:32 - Any day without a Farallon RNS is a good day in my book. They might just have filled their quarterly quota and ceased that insane selling for now - enjoy the breather everyone.

btw, WorldQuant's still upping their short: https://shorttracker.co.uk/company/GB00BJL5BR07/

Still shorting in June?? Ignorant, ****y b*s ... I just hope they've got their their timing very wrong!!

No, no, they have been "dumping" it, with disdain and aggression. Hitting the bid whenever anything sizeable managed to build up.

There's no serious buying volume out there (funds, etc), hence WorldQuant having a ball toying with the SP. For the time being, their algo's set up to be buying in the 90s and selling above a quid. Comfortable with their 0.59% short. It won't take much to move us up but we need volume.

Dumping about a million shares a day for now. It's the other little suzies piggybacking F* and are way too short for their appetite who'll get burnt possibly tomorrow before the long weekend. This share's at such low valuations it borders on insanity! Ain't no Premier or Tullow this one.

WorldQuant's at it again. 98 print here ...

Amateur execution that 7mil as it choked SP by 2-3p, and it doesn't bode well for what average they can get their remaining 130mil in the coming weeks. They might be desperate to liquidate as much as poss before Iran comes online (looking more and more like Q3 for it to actually filter down), or some Farallon sod at the top decided to bring down exposure to 15% holding irrespective of macro developments. I know they're not oilmen but supressing SP they way they've been doing is shooting themselves in the foot.

Only when a desk breaches the size limit (0.50% of the shares in issue) it becomes reportable to the FCA. If a few traders (each set up as limited companies individually, of course) build up sizeable shorts of a million shares each then there won't be anything to report. I'd really like the FCA to bring this down to 0.10% for better transparency but it'll be a lot more work on the reporting team so they probably never will.

My go-to is https://shorttracker.co.uk/company/GB00B125SX82/

Someone's quite visibly been shorting millions of shares in the last few days, probably Goldman prop desk again (like they did 3 years ago). A spike to 33p to flush out any weak-hearted is imminent between now and Friday cob, ahead of the long weekend.