About a million missing shares1 Aug 2018 16:49
again. I expect we'll see them tonight after close of play when the sp will suddenly rise a bit. I just wanted to explore the behaviour of shorters a bit. We obviously haven't got any big companies shorting us. But with penny shares it occurs to me that you can have quite and impact with just £30-40K.
I've just had a look at IQE's shares. Sadly this brilliant British company based in Wales and bringing a lot of high quality employment to a previously poor part of Wales, is being shorted to bits. Goldman Sachs have now bought in and loaned out shares to join the likes of Marshall Wallace. Today's good news for Apple, who IQE supply has again failed to translate into an sp boost as shorters sell into the rise. What frustrates me with these hedge funds is that the company don't even get to see any money- the shorters are just buying a proportion of the face value of their shares though their exposure is much bigger and of course they are vulnerable should things go awry.
I noticed that Riddler and AdamH90 who have been bigging up this share on Twitter for many months (to people who would never have even heard of it otherwise) are now suddenly dissing it every day. All investors have to deal with the twin drivers of 'fear and greed'. Kind of crude and it doesn't say everything about why we're here but I guess you know what I mean? It's noticeable that every now and again we get some big investments when the sp is as low as it's going to get. The sp climbs because we know that we're getting closer to something big and then exactly some big investments get sold. Then we hear a lot of negative stuff endlessly. Maybe we start to lose faith? Maybe we decide to sell at a loss. Don't forget that big news is still just round the corner but now the sp is down and anyone who has the courage will go in, most people who've sold at a loss will give up.
I don't want to say for one minute that everyone shouldn't be thinking carefully about their investments. I do think it's interesting that when a small company starts to move towards a critical growth lever- eg. with VAL this is more their time than ever before- all of a sudden a few previous serious rampers suddenly get cold feet. All of a sudden every day is D day- so what happens to your emotions when it isn't? But who was it that started putting this really serious deadline on things that are complex (submitting the trial data to the authorities in Georgia) and ****ging off the company because they haven't met the deadline that wasn't ever a serious deadline anyway- just expressed as an aspiration?
There are groups of people on Twitter who latch onto particular shares and encourage a lot of investment. I suspect they are quire organised. They have different roles. You can see them doing it on different shares- they all invest in the same shares. I think they are acting together- not necessarily to short- more likely to drive up sps and push them down in between news. So- that's it from detective Tric