Member Info for sj1313

the greatest trick the MM's achieve is to make you believe this price is the real value. Ive been of the opinion they have been carving out a 35p entry point for the last few weeks building up to Wednesday. Might be wrong but I believe saga are solid and this is reflected in their decision to build 2 new cruise ships with the belief they can finance it. not the sign of a company that is about to go pop. The mm's will keep the pressure on just long enough and then let it go tomorrow or Wednesday. all my opinion good luck all

yeah you've got to make your call harry. My opinion is that they will keep putting pressure on this share to get it as close to 35p as possible and then there will be a few days of heavy gains. all my opinion but Im positioning myself for that outcome

great post pokerchips thanks

The reason I'm backing this share is because yes last year was a poor performance but Saga are taking positive steps to rectify the situation; new insurance an savings products and two new cruise ships, which I think will be lucrative profit making machines, looking at the cost of the cruises vs overheads. On top of that rather than waiting for Lance to be linched they have pulled off a great PR exercise quietly retiring him rather than a board meeting melt down and he will no doubt be replaced by someone more dynamic and ready for the challenge of reshaping the business further. Solid buy but all my opinion

shorted*

harry; my buys are at 39.50 and a larger one at 38.40 so the average is looking good. its good to hear a counter view. Ive dealt with a lot of shares that have been heavily sorted and this looking lightweight compared to the likes of Debenhams and metrobank, because there is no real underlying issue apart from this being a much unloved share with a poor dividend.

harry; you talk about debt and off book intangibles but no figures to support your argument? Im always willing to hear both sides of the argument to get a balanced view? So far what ive heard is that the short argument is pretty weak and im happy to keep making bargain basement buys while the mm's keep this low, until they let it sail up again

harry,

sometimes its best to make the most pessimistic stance but got to say the shorts arguments look weak on this one compared to other shares like metro bank etc. new better CEO could really shake this share up

harry I love your optimism on thinking this will drop below 30p but im very happy have just made more buys 38.50. absolute give away.l see how it plays out

CEO going is great news! Obviously a fund got wind of this early and took out a short position. Glad I retained half my funds to buy lower

never had that before. two different trading platforms telling me two different things

live by it, but at the same time need to have further funds if it sinks tomorrow. anybody's guess

If the price holds and gains tomorrow I owe some fund manger a big drink

and after hours trading too

jesus did I just see a closing price of 42.45!!!!!!!!

I wanted the price to start with a 39! already in profit but im not ruling out further short selling attacks so im holding back more funds for a lower price. win win either way

couldnt resist at this price im back in sub 40p!!, but im retaining a lot of funds for further buys if this sinks further. Anyone's guess whether I wake up 10% richer tomorrow or 5% down but I know within a couple of weeks there will substantial profit on todays trade

eurofil id hold off until at least 39p but just my opinion.

yes looks like another bear trap and im convinced this will drop sub 40 in the next few days, but only short term. staggering volatility, must be catching the eye of day traders. 7% in one hour this morning

hearing those words 'odey short position reduced' gives me a lot of confidence in this share from now on