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[jonny33] 18/11/2015 08:22

There's busy and there's profitable!!!

[imperial3] 17/11/2015 22:35

I was wondering how busy they really are with the run up to Christmas.

[rimmy2000] 17/11/2015 22:12

just took receipt of 10pm delivery. driver tells me manic busy, 200 deliveries today for a particular south east london store. admitted the systems can't handle the volume so have moved temporarily to paper receipting! mind you, the Fast Track system works! (order placed mid day today) here's expecting a good trading statement in jan..

[dangersimpson2] 17/11/2015 10:15

The shorttracker.co.uk data is based on the FCA disclosures available since Nov 2012. These only include positions greater that 0.5% so would on average under represent short interest since positions lower than that level are not included.

Prior to Nov 2012 people often used figures for % of stock on loan as a proxy for short interest since the main (but not only) reason one would borrow stock is to go short. This would on average slightly over represent short interest. This also depends on the quality of the data provider.

Personally I just use shorttracker since it is easy and accurate to the FCA disclosures even if we know those disclosures will under-represent short positions when there are multiple smaller positions less than 0.5%.

[imperial3] 16/11/2015 16:31

The shorters have had a field day here.

[shamus21] 15/11/2015 16:47

Sources of short data are not always that reliable. Any ways 70 looks like the objective here, a good Christmas could change that but for retail this year and in general it is not looking so good.

[discodave4] 13/11/2015 18:43

Either way it appears that this has always been in the top five or so for shorting.DD

[jonny33] 13/11/2015 13:53

I think the % of shorts depends on which site you grab the information from.

[toffeeman] 12/11/2015 19:13

Well that's the psychological 100 level gone - could it go to historic lows at 70?

[discodave4] 12/11/2015 19:11

Masurenguy,Not so sure about shorts only being as high as 15.5% :-DiscoDave4 - 24 Oct 2015 - 12:45 - 3017 of 3056 - 0......."In 2012 shorts were 20% when the share price was at its lowest at around 80p."DD

[masurenguy] 12/11/2015 17:03

Jonny33 10 Nov'15 - 3053 of 3055: Shorts now stand at 8.97% so a long way off the 24% seen earlier in the year

There has never been a 24% short position on this stock. The highest short level was 15.5% which was 3 years ago in December 2012. During the past 12 months it has vacillated from the lowest level of 1.5% last November subsequently climbing to an annual high of 9.1% yesterday.

[discodave4] 12/11/2015 09:16

Thanks Jonny33,Agree with your last paragraph, growth / turnaround will come but it takes time. I don't trade just buy and hold and this is now getting to around its net tangible asset value (£1 'ish) so looking very good value.Hope your strategy works out and is very profitable.Will sit on my hands and watch, as you say negative sentiment at the moment so may get to the low 90's.GLDD

[jonny33] 12/11/2015 08:37

Hi DD, I think the markets are building that in now, for me the reason for the drop is the market getting their heads around what the first profit warning means, and I think there has been an over reaction, negative sentiment has taken over along with 9% shorts, now would be a good time to buy for a medium term hold.

Personally I'm not really into holding shares for a long time, I'm happy to sell and bank profits when I can, then buy back into any dips, so right now I'm looking for a price in the low 90s to buy back in.

The one thing everyone is missing is that Argos is on a 5 year transformation programme, this is year 3, so far they have been spending money to make changes, next year should be the first year of reaping the rewards from the changes over the last few years. Partnerships with eBay, and Sainsburys plus innovations like same day delivery should bear fruit next year, right now they have hit a bump in the road and need to get past this and move on.

[rimmy2000] 11/11/2015 19:57

i went to the london victoria store this evening to collect an ebay parcel - as it seems they have a link up to arrange ebay collections - service was flawless, greeted immediately and very pleased with what i saw. I hung around to observe and the store was busy with a constant stream of people coming in, getting served and leaving. my observations are only anecdotal, but I believe this has much more on offer than the market is indicating via the price.

[discodave4] 11/11/2015 18:50

Thanks Jonny33,If you think there are two more profit warnings to come then assume you will be all out by Jan and waiting to get back in even lower?.GLDD

[solanki2000] 11/11/2015 16:47

Ridiculously oversold on fear. Will be given to around 99p then will recover slightly. Shorters have always got this stock in their grips. I'm long term, luckily however I think 99 / now is potentially a good time for a trade position on top. Good luck guys.

[tyranosaurus] 11/11/2015 13:36

Has bouka1 finally stopped ranting here.
Tempted to dip in at £1.00

[dealer1972] 11/11/2015 11:40

Looks heavily oversold now, RSI 25, which tends to be bounce time level looking back. 23 RSI has been the historic low when oversold so they could push it to around 90pish I guess before the inevitable bounce.
Heading into peak sales period normally sees a gradual share price climb.

[jonny33] 11/11/2015 11:30

Yes I'm long, but reducing my holding and waiting for the bottom to buy back in, in the mean time I'm also day trading dips. I love volatility, it's just a shame this has dropped so far, but now looking for the recovery and the right time to buy.

[discodave4] 10/11/2015 19:03

Thanks Jonny,Are you in here?.GLDD

[jimmywilson612] 10/11/2015 16:23

8.97% is still a huge number of shorters. Not many companies listed have a higher %.

[sr2day] 10/11/2015 14:13

be careful here,shorters won,t let go until they get this down to 70/80p.

[jonny33] 10/11/2015 14:10

Shorts now stand at 8.97% so a long way off the 24% seen earlier in the year