Petrofac Share Discussion Threads

[chelsea81] 11/8/2017 09:49

Topped up at 446p. Relax guys, this will be back up to 460p in a week or less. Just set your sell order to whatever profit you want, and forget it.

[torres10] 11/8/2017 09:41

Can anyon explain as to why after such a huge contract the price did not reach new highs of 500 and went back down to 440.Im totally confused now

[garycook] 11/8/2017 09:37

Added at 444p.Over done today.Good buy in the 440,s.

[callmebwana] 11/8/2017 09:34

Should have waited a bit !! Maybe Shorters will want to be out now. Ah' all the fun of Stock market trading.
GLA.

[scooper72] 11/8/2017 09:29

Ouch. Getting stung here.

[adejuk] 11/8/2017 09:29

i'm going all into cash until trump and ho chi ming come to their senses
just sold my 25k

[scooper72] 11/8/2017 09:27

I've gone in again at 449. But wish I had been as patient as Chelsea before I went back in at 455

[callmebwana] 11/8/2017 09:21

Morning all.
I just loaded @ 4.5065. 2317 Shares.
Cinquepersento and Chelsea81, well done for waiting.
My Trading pot bought this morning.Lets see when to sell now.
Have a nice day all.

[chelsea81] 11/8/2017 08:10

Back in at 450.98p. Already set a sell order for 462p. If this goes down to the 440s, I will top up again.

GLA

[typo56] 11/8/2017 08:04

Demotion in the MSCI index review last night will have an effect

[chelsea81] 10/8/2017 15:43

I'm watching, but not buying in at the moment. Tomorrow is normally profit-taking day by the weekly traders, so this might fall further tomorrow imho. This share price is too volatile to predict accurately for now. Good luck to those buying in now at 455p, I hope for your sake this hits 470p tomorrow so you can enjoy cash profit in less than 24 hours trading. I'm waiting to buy in massively at 450p and below.

[scooper72] 10/8/2017 15:16

Sorry I mean 455

[scooper72] 10/8/2017 15:15

Went back in on my IG at 450

[chelsea81] 10/8/2017 15:09

455p email alert just received. This seems to be struggling to reach 450p. C'mon PFC!!!

[paa65] 10/8/2017 14:59

Thanks 1gw.Always good to get some firm facts.

[scooper72] 10/8/2017 14:54

Doesn't seem to want to touch 450. Have got an alert on my IG account if it does come down to that level

[nicebut] 10/8/2017 12:31

Someone clearly selling into any strength.....PoO up, Brent over $53 now, but this is down. Really quite annoying. :)

Still, perhaps 4.58 is the new 440?

[1gw] 10/8/2017 09:42

paa65 - the FCA spreadsheet (on which the short tracker is based) is actual net short positions, not stock on loan. So the 8.5% is actual net short positions declared as of last night (yesterday's FCA spreadsheet had no changes for Petrofac).

The short positions are supposed to be declared by 3:30pm or so of the day following the change in position, and those changes should (I think) then be reflected in that evening's updated spreadsheet. In practice, a number of companies (including AQR) often seem to declare one day later than that (or at least it appears in the FCA spreadsheet one day later).

You can get stock on loan data from Euroclear, among other sources. For July it reported an average of 39m shares (over 11%) on loan, I.e. considerably higher than actual declared net short positions, as you would expect, given the 0.5% threshold for public declaration.

[paa65] 10/8/2017 09:20

Just a thought on how the shorters "haven't closed". What we know is that they still have 8% of the stock on loan. But what we don't know is how much of that they currently have sold. They may have bought it all back in recent weeks, and are now waiting for the next shorting opportunity. Or they may be fully sold and yet to buy back.Would be a more transparent market if they had to declare their actual holding position, rather than the gross amount loaned.I'm still holding, waiting for the next push in to the 490s.

[adejuk] 09/8/2017 19:58

chelsea
'done for now'

[lodgeview] 09/8/2017 15:20

This has a habit of falling from open and then recovering lost ground in the afternoon. Day traders dream.