RE: price Disappointing20 Oct 2020 13:51
Scm, That's a bit of the problem really. When you a buy a stock you have to expect that you might make a mistake and lose money on it, whether that long term or short term. Some traders are short on the stock so what works out well for them (as you requested) is diametrically opposed to what long holders want.
Its not just the auditor news, that is but the latest on a fairly consistent barrage of negative news, including newspaper reports, Radio programs and a few MP's also asking questions.
By the time we are "fully up to speed" it will be too late if the news is bad for the holders of the stock and likewise if some great positive news comes through then the SP will jump before the shorters can get out.
This is a high risk game, much higher risk than most understand. The only question I keep on asking which no one has responded (maybe its too obvious). Why bother to trade this stock right now? You don't have to. Is a 10% gain or so, so important given the alternatives out in the markets?
The shorters are in control (unless they have closed out already, I wouldn't know), this is such an orchestrated release of bad news that you surely have to at least consider that they have not played their final smoking-gun card? (Well I do because up to now its been quite a weak show of (mainly old) news, and already the fall out has been reasonably severe, but as I keep saying, I don't know)
But as I said up top people should realise what they are doing by gambling on stocks (and that includes LTB&H). We are not normally sympathetic to gamblers that lose money, we tend to take the view that they should not have placed the bet in the first place.