Perhaps the shorts were banking on WG dropping out of the FTSE250. When they realised that wasn't happening yesterday they ended up reducing their positions. If we see a short reduction tonight that's probably what happened which is good news for longs.
Id imagine some preliminary/background work on the review may have been done prior to the Q3 trading update so we may get the results of the review sooner than we think.
You do have to wonder why the same individuals who are not invested in WG choose to spend so much time posting pretty much the same stuff day in day out. You'd almost think they were paid to do so. What's the going rate? A penny per post?
RE: Up 13.24% now. Don't tell me it's because of my posts25 Nov 2024 17:46
Id love to see this rise but with an imminent dilution around the corner other than traders I just can't understand why anyone would want to invest long in PFC at the moment.
About nothing and a lot of folks getting excited over very little. Hopefully we'll get some concrete news soon which will lift the SP far higher than a few percent.
Not sure why Jxp101 keeps peddling this nonsense about director buys when numerous posters have told him they're unable to do so while the review is ongoing.
At least have the good sense to stick to one position and if you do change try not to change from one extreme to the other in the space of 5 friggin hours! How on earth can anyone take what you say seriously?
The shorts increasing yesterday obviously isn't a great sign but you only need to look at the eye watering losses made by shorters last year (especially in the US) to know they don't always get it right. One thing I'm certain about is that if the conclusion from the audit is even somewhat positive we will see a sharp retrace back to the £1.20s and with 2025 looking particularly positive we can look forwardto a SP even higher than that in the next 12 months. Lots of patience and a little fortune required. Ignore the doom mongers.