RE: Another closes their short5 Jul 2024 13:26
What does that even mean JG? "idiot 300 quid Charlies".
For my money it seems there are a lot of people heavily invested, many over an extended period, some have tried to lower their entries by adding to their positions on the drop. Typically, in that situation, many will start dropping some of their positions as they get to b/e or above. That selling slows the rise. I think we should expect a staggered rise in the SP for that reason. I don't get your interest in what I'm guessing your saying are traders/investors with smaller positions. They should get mopped up without much impact on the SP. The results in August will help us understand. Having a positive note from a Harwood is obviuosly a positive with their track record, but it doesn't mean that anything is going to change here fast.