Ocado Share Discussion Threads

[dealy] 27/7/2023 08:15

that sounds like pure wishful thinking. the surge was unjustified and was almost certainly a short squeeze. even the volume was low yesterday (0.5% of outstanding shares).

[1johntrading] 27/7/2023 08:14

I hope you're right.

[dlewis1] 27/7/2023 08:12

Some stop losses may have been triggered at 900. Once cleared I'm expecting the price to move back up and I will not be surprised to see a full reversal and end up over 1000

[dlewis1] 27/7/2023 08:01

Today will be interesting

[dealy] 27/7/2023 07:14

no substantive news today, which likely means yesterday's surge was just a short squeeze. The market cap has risen from 3 billion at the June low to 8 billion yesterday. 5 billion increase. If shorts were 10% of the company (never believe the official data) thrn that is a 500m kick in the teeth dmfor shorters.Asos and Boohoo look like the next short squeeze candidates

[trickydicky1] 26/7/2023 19:48

I’m unclear who is going to sell to cover the shorts 30-50m shares (are these numbers roughly right?) and to allow the FTSE100 trackers back in after they sold a month or two ago at 350p. Could someone please enlighten me? Is there a risk that this gets back to prior highs? Curious, now that its key competitor has been taken out and shot - if I read the announcement correctly. Also curious to hear at what point there is a trend reversal on the charts. Please. Obviously not investment advice but rather some real questions in search of enlightenment.

[mike the mechanic] 26/7/2023 19:16

Single digit £

[mike the mechanic] 26/7/2023 19:15

I agree with you darrin. I'm hoping it's a non grocery deal which would prove the business case works and pave the way for more. These are capital light too. Having the settlement cleared regarding patents puts some money in the bank, even though it isn't enough to satisfy the outstanding bonds.
I'm also encouraged that Tim Steiner deferred his share sales as it means he must be very confident that they're worth more than single £

[darrin1471] 26/7/2023 17:44

My bet would be an announcement of a non-food customer. Amazon in the UK? Pure speculation.

[arja] 26/7/2023 17:31

no,apart from VMUK which occasionally can have a decent movement and is dual listed as listed in OZ . I prefer to trade it in OZ though as NO stamp duty on any stock there but time difference is a nuisance :) . Thanks for mentioning BARC and will keep eye on it tomorrow for a possible CFD trade .

[ramnik007] 26/7/2023 17:00

I guess Amazon takeover rumour again

[qantas] 26/7/2023 16:57

arja You may not do banks? However Barclays results in the morning.

[arja] 26/7/2023 16:51

went into auction a couple of times as is normal after big moves but did not make it pause for breath , Yes , fun day indeed Qantas and good luck as probably more in it. Finished just 10p below high for day which is normally a good sign . I must follow it more closely tomorrow and loom for a CFD or spreadbet trade to avoid SD .

[nielsc] 26/7/2023 16:41

That's the short squeeze happening now. Momentum traders to follow on from this.Fundamentals still poor, but they matter little during a move like this.Cheers,Niels

[scoble2] 26/7/2023 16:38

That order was executed at 13pm

[qantas] 26/7/2023 16:35

I didn't see any suspension in the last half an hour.

Only normal trading.

Please do your own research as always..

[1johntrading] 26/7/2023 16:32

Showing as 8.15 now what's that about?

[skintvestor] 26/7/2023 16:31

Never seen this before!! Don't think they went up this much in a day, even in the heady days of £29 plus!! Anything to do with Tim Steiner deferring the sale of large amounts of shares for one year, then a further two years???

[leadersoffice] 26/7/2023 16:31

I just read the shares got suspended half an hour ago..,, possibly to regulate the market but let's see if any news after close.

[qantas] 26/7/2023 16:29

Shorts not updated as yet.

arja That was a fun day.

[leadersoffice] 26/7/2023 16:22

Come on ..., give us something to go on here.... is this shorts being decapitated or we looking at something more ?

[dealy] 26/7/2023 16:08

this has surged on low volume (less than 0.5% of shares outstanding)

[arja] 26/7/2023 15:51

Holders will be laughing all the way to the bank and I wish I was one of them ( wry smile ) . Day trading serves me well but miss the really big profits .

[cureboy] 26/7/2023 15:49

Who's for an Amazon takeover at 800p? Hehehe...

[dlewis1] 26/7/2023 15:47

Qantas usually deliver news before it arrives here ? Qantas what's going on?