hydrogen's post3 Feb 2022 21:41
Hydrogen’s post has been removed again so only one to do let’s all repost
hydrogen Premium Member
Posts: 9,286
Price: 15.80
No Opinion
RE: moving on upToday 13:31
Morley this is how I see it:
The JPM 18m short at 16.5p (averaged sell price was 15.10p) Whether a fund of HNW we don't know. Let's just leave that parked.
The rest are IMO in a we bit of trouble... They just cannot for whatever reason, let it go over 16p. Our analysis ( and yes there are quite a few of us working on this together, for the benefit of all holders) is that the 16p point is the current battleground. Maybe there will be a margin call somewhere just above that..? or real risk of a momentum break out?
MFU - Having decreased from a peak of 53m , on 17th Jan, down to about 38m last week... They have now increased slightly this week, by circa 4m over 3 consecutive days.... But, meanwhile the SP has risen quite nicely.
Today stands at 43.6m .. That's quite a lot to buy back. And I think the reduction from 53m has in part been part of the average SP rise on from 24th January ... we've now seen a double bottom in the chart at 12.9p. And sentiment has turned, or is turning , more positive towards GGP and the gold sector
In my humble opinion, as I say, as outlined in detail a few weeks ago, IMO they still have a bear trapped short much lower around 12-13p and are on a knife edge about what to do... The mini crash on the 24th may have helped them off the hook slightly, as there was a big drop in shorts after this.
BUT If this continues to rise. They will feel even more heat. And IMO they are are trying to exit daily, whilst minimising losses and exposure.
Now CJ. That is analytical content. Read it, or don't read it . Agree or don't agree... listen or ignore.
The choice is yours...
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