RE: £9 today forecast !!19 Sep 2024 08:45
Notrex while I kind agree no public news makes no sense to double down. but quite often Blackrock and barclays buy shares to lend and play both sides, so not seeing this as massive indication.
All take one scandal like we seen we other collapse like worecard etc.
I not say that is the case here but short need a exit point and that is either a stock collapse or below what they borrowed.
The mystery grows for me as the hedging a stock that pays a dividend this is rare in shorting world for obvious reasons. So clearing seeing something.
While there maybe follow the herd when comes small hedge funds not usually the large ones.
I think Nov update is solid and reduced concerns on debt and other commitments then feel hedge funds are deep trouble, naturally that what we are all hoping for.
My other slight concern is they did not get out when we at all time lows in the SP, they know a gas company will naturally make more in the next quarter as we tied to the weather and gas prices ultimately. So no need to cover next two divis and price unless bad news is on the revover side again