Petrofac Share Discussion Threads

[bracke] 22/1/2021 16:13

Large shareholders do not have to sell. The share price can be inched down with HFT algos and other means.

[dealy] 22/1/2021 15:29

meanwhile, hundreds of companies trading at all time highs especially on the Nasdaq. This is painful

[pepepepe73] 22/1/2021 14:21

I really believe we are really close to the bottom, at least short term bottom.

Oversold is just too huge and it's just a matter of time to see a big green candle in the stock chart

[pikba007] 22/1/2021 14:17

This is turning into a strong buy....matter of time

[wardy333] 22/1/2021 13:49

That along with the large sells being worked, until they are bought up its like quicksand.

[dev80] 22/1/2021 13:40

The shorts are killing this the bloody scavengers, peasants

[halfpenny] 22/1/2021 13:34

PFC is a falling knife and you should Never Catch a Falling PFC... 80p very soon as there is no Trust or support for PFC.. USA Market will drive the share further down and down and down.

[wigwammer] 22/1/2021 13:31

I've filtered him :)

[dino2021] 22/1/2021 13:27

I think we can all ignore the Halfpenny.
This share needs to retrace from an excessive move.
There is definitely a concerted effort to push it down but as we get closer to the 11th the shorts will have to be covered. This is very much sell the rumour and buy the fact.
When it does turn it will be an aggressive snap. Effectively the majority of shorting at this phase has happened in little more than a 20 tick range and so actually hasn’t been very successful....
1.50 is very possible indeed before the judge rules

[halfpenny] 22/1/2021 13:16

PFC. Is PFC another ENRON ????? RISKY!!

[wardy333] 22/1/2021 12:09

Rows and Rows of buys not moving it up, throw in a few sells and down it goes, seems the M/Ms have unlimited amount of stock to sell, noticed the large late trades yesterday , looked like worked sells to me.

[dev80] 22/1/2021 12:07

Its a established company that employ thousands. They will see this out even if it comes to pistols. You have my word

[pepepepe73] 22/1/2021 12:03

@halfpenny, you're great.

[halfpenny] 22/1/2021 11:55

PFC very Risky on the edge of a high cliff!! Be aware as Trust is lost! Faaalllliiinnngg... weekend news looking Risky for PFC. Should it rename itself.. Positive Fraud Company (PFC)SFO STILL LOOKING INTO PFC!!! No Smoke without Fire

[pepepepe73] 22/1/2021 11:14

It seems shorts are not selling more shares today

[pepepepe73] 22/1/2021 10:28

@topazfrenzy, we do not need a bid at £2.50.

It's enough some kind of good news (business, directors buying shares, agreement with SFO, ....) and will be a bloodbath of shorts.

It's risky but deserves a chance.

[minsky] 22/1/2021 10:17

'The SFO Is Dead': London's White Collar Partners Fear a Work Shortage
The UK's Serious Fraud Office dropped yet another major investigation last week - compounding fears that big white-collar mandates are running out

This news is probably a bit late for PFC though

The link to law.com below is behind a paywall but you can get a 3-day trial - no pun intended.

[topazfrenzy] 22/1/2021 10:07

yes I agree, the shorts may get caught out at any time

can you just imagine a bid at £2.50 a share! Could easily happen

[nik7907] 22/1/2021 10:07

Bought a few in here this morning. Seems way oversold

[pepepepe73] 22/1/2021 10:06

-37% in just last days ..... I would not be short in this name at these levels.

Small good news would be a massacre for current shorts.

What is too risky is being short right now

That's my opinion

[topazfrenzy] 22/1/2021 10:05

Gosh I was so lucky, sold a few weeks back in the 160s as I wanted to rotate the cash into something else ...

am back in now :)

average £1.12 as I bought a few a couple of days ago and added some more now

[halfpenny] 22/1/2021 09:59

PFC more falls to come, watch out for weekend news. Not looking good and below 80p likely. Be aware its still TOO RISKY!

[pepepepe73] 22/1/2021 09:15

@dev80, it's too soon to say that.

But, I expect 1,15 pounds today