Big shorts, big buys…big trouble?30 Oct 2021 18:07
Ha! According to Ortex, GGP stock on loan has increased from 17.3 (vol) on 6th Oct (pre PFS) to over 27.31m (vol) at time of writing: a rise of 57.8% to be exact.
Yet in the same period, the SP has risen from c15.5p to c17.5p: about 12% up.
Did the PFS take Mr Big Shorts by surprise?
Realistically it must have as it has it accelerated the inevitable attraction on GGP for some IIs (and made Mr Shorts’ shorts somewhat windier, somewhat whiffier?)
On Thursday, after all, after the close we had this buy: @ 18:02:31 17.87 1,325,000 Buy* 17.30 17.50 236.78k
Wednesday, again after hours this one: @ 16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K
Repeat Wednesday and same time: @16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K
On Wednesday also: @ 14:57 2 x 450,000 17.5 Buys* £76.75k each.
That’s c5.225m shares bought by (I very much doubt) PIs.
Essentially, are the Instos making their play?
Thus, will Mr Big Shorts be cut short?
His bowels must be loose.
Is it our time as PIs to have some fund fun at Mr Big Shorts’ expense?
Something nice to ponder on while remembering this: the MMs can’t take the extra hour in beddy byes off you tonight!