Member Info for Stupmy

It does Chilting and some of the best companies around started slowly. I believe Amazon is one, but you'd have to check that. Having said that, it's not hard to see why investors get frustrated here. It's been a slower burn than most. I'm positive about the future but am not long term investor for the moment. Once it turns a corner and it's automation systems really take off, I can see this being a very powerful company. But we're still waiting for the inflection point.

Here you go Coldspy

Not sure what your game is, but here is your call on a volume surge when you called, put in perspective of other 15 min periods. I don't know what's wrong with you people. Take a look at volume (when it 'surged') and compare it to other 15 min periods. Does that help?

https://screenrec.com/share/juSfT736GR

"Volume has surged last 10 minutes"

No it hasn't, it remains very low.

I think that's right lnh, but it's a gamble. Also, the cost of finance might be a bit on the high side with WG have negative FCF and being a bit debt heavy. With enough 'ifs' you could put Paris in a bottle. That's where the brave make a killing or fall on their swords. Tough old game, making decisions that matter with only part of the info we need!

I don't think it's shorts either. Volume on that rejection of the 270 area was not very high at all. Volume was a lot lower than the volume on the drop just before hand.

Convincingly rejected 270 area for the moment

Oh goodness, another one registered on the day to spout nonsense. Why does this happen, are they paid to do this, are they attempting to alter the market? Very weird people if they're not

There you go LW, looks like we're thinking along very similar lines. My exposure however was not punt money. I dropped 30% this morning for reasons similar to those given by CS.

I think if you don't over complicate it the TA/chart side is always useful LW. For todays price action it's worth noting that volume is very low. If you look at comments on the bb, it looks as though posters are now fitting scenarios to the price action. I think that's nerves talking. I personally think that the PA is telling us that there is indecision in the market (that's going to seem obvious). From my point of view there is no conviction to the push down we've seen and volume has trended down continually from the peak on the 25th around 40p to a very low level today. From a personal perspective I'm trying to weigh up all of the possibilities for this deal situation and watching volume. I hold the view that if Sidara don't get a price supported by the management team, the SP will fall back to the low 20s as others have also suggested. Although Sidara have come back meaning business, I think there's a fair chance that management will not come to an agreement with them. I think that's why the SP is not being bought up at the moment. Trouble is, if news lands out of hours we'll not have a chance to react effectively. So I think you have to be exposed at a level that you don't lose too much sleep over and have money put aside to participate in a RI (should that happen). If you can't participate in that, you'll be diluted.

LW, I see it that way. Potential big win, potential big drop. The drop can be managed though as long you're happy to participate in the longer term and possibly in a fund raise. If you believe in the companies future prospects then you could argue it's ok over the long term, but you'd have to put money aside to participate in a RI if it happened. Then you have to ask, how much money do you want at risk in WG.

I completely see CS move. An alternative might have been close part and wait a little longer to see how this plays out, but out of hours news will make mitigating downside impossible.

No-one can see into the future and WG feels quite stressy to me.

I can see the logic in what you've done there CS. I view the risk as managements attitude towards any potential offer from Sidara. If no offer is recomended, then I guess the SP will fall back. It's falling back now as you say, which may suggest that the market in general is worried about wether an offer will materialise. As you say, no-one can see into the future. Hope you made decent profit for the risk

For me 270/271 or lower is very likely now.

You've got it! We're at 284 and lower

This is a brutal reaction to those results. Expecations must have been significantly higher

I've been waiting for that Clark and opened a small long this morning. Bit speculative as there's not much evidence of buying yet. Spread was quite good for HFDs at around 1.5p. Be good to see a little bit of volume today.

Looking at that reaction this morning Ian, I think you'll get a chance to top up. The price looks likely to continue down now, perhaps to 270/271.

What's brought that off? I thought that the rise might be sustained today. Is it the headline loss that's causing the drop?

They seemed to highlight 'refinancing' in that announcement or is that simply my own bias?

Would that not be strictly illegal burges?

Exactly why I wanted a response. I wanted to get a feel for whether you knew what you were talking about or not.

I understand that Short tracker shows net shorts and that all related activities including SWAP, Options, long positions etc are involved in the net number. So, you're right, it's complex and a change in net shorts doesn't always mean that the number of shares/derivatives sold short has changed. Changes to the long side of the equation also alter the data. Also a change in shares in issue can alter the net short declared. But it wasn't my question. You stated that you thought Shorts were aggressively closing. You're now not answering the question at all, you're doing your best to move the discussion away from that. I'll take that as meaning you said the first thing that came into your head and have no evidence for shorts closing.

Talking about 'relatively accurate buy and sell' data is also utter tosh, look at the SP, it'll tell you what you need to know about the balance between buying and selling. The 'buys' and 'sells' data that PI's love is a distraction that tells you nothing at all.

Sidara has got them holding back the price, listen to yourself. More tosh. You have no idea and missed a great opportunity to not say that.

No-one is 'holding back the price', except those big enough to make a difference who are not currently buying it up. The volume has been steadily reducing since the approach, that suggests that there is not lot's of buying that is being sold into. It's simply a lack of demand. Investors/traders are positioned for their risk tolerance and waiting for more info to make further moves (that's my opinion looking at the data).

I doubt very much that 'brokers with direct market access are controlling the price'.

Can I ask, out of interest, have you got any formal experience or training related to markets or finance?