Tungsten Share Discussion Threads

[pshevlin] 12/1/2016 10:14

Maybe but that profit is disappearing fast. A calculated risk if they hang on or reduce atthis point. They also have to take into account that many more of the shares are in II hands including Odey so it may not be that easy to buy them back as it was to sell them.

[bs76] 12/1/2016 09:54

Pshevlin, Only two short position are underwater

Numeric increased 0.26% at 37p and JP Morgan increased 0.19% at 57p. No other shorters reported increase in last 3-4 months

We have to give credit that they had made good profit.

[bs76] 12/1/2016 09:43

I wouldn't call it short squeeze but definitely short closing.

This rally started on 7th from 39p. Since then in last 4 trading days, volume is around 3.5m which is quite low. Normally shorters close about 10% of volume but in this case it seems like 30-40% of volume.


Hutchin started closing on 7th with 0.9 and they still had 0.59%

[pokettens] 12/1/2016 09:32

I wouldn't be too quick to hope for a short squeeze. Saw this time and again with qpp. Often they let it rise a bit to make more gains. Time will tell if it's a squeeze or not.

[pshevlin] 12/1/2016 09:05

Must be hurting shorters now. If this price sticks many will be well underwater. Short squeeze has started IMHO.

[opodio] 12/1/2016 08:54

contract with the UK government?

hxxp://central-government.governmentcomputing.com/news/government-to-outline-new-uk-digital-strategy-early-in-2016-4764751

[edwardt] 12/1/2016 08:44

err don't think so. no debt, a reasonable cash pile and reducing cash burn which with a coherent plan will flip to cash flow positive within 18 months, I think the bears have simply got lazy and extrapolated out a negative trend. trends are fine until they bend.

[bookbroker] 12/1/2016 08:38

More like pre-cursor to a fundraising, irrespective of the cash from the bank, have the fundamentals changed so dramatically, other than to shore up their finances!

[edwardt] 12/1/2016 08:33

i guarantee that the company is not doing a buy back. as Edison noted the erp on this is circa 25%, no wonder we are getting a rally.

[bs76] 12/1/2016 08:26

And crossed ma150

[bs76] 12/1/2016 08:25

Looks like company share buyback or edi buying

[chemistdude] 12/1/2016 08:12

Great start to the day!

[bs76] 11/1/2016 17:54

Numeric story

They reduced short to 0.66 on good profit and then I believe they got greedy.

Increased again by 0.34% at around 37p. Now losing 40% on that.

[edwardt] 11/1/2016 17:47

scrub that -truth is i don't actually feel sorry for him.

[edwardt] 11/1/2016 17:40

actually feel for him. shorting is a crazy pursuit imo. you only have 100% upside less funding costs and you have infinite downside. I rather prefer choosing where to die myself and go long only.

[nicksig] 11/1/2016 17:17

Where is that poster who was last seen building his short position?

[andrewdbl] 11/1/2016 17:11

EJ,
momentum effects are real, and much more clearly, so are the effects of the opinions of SCSW.

Beyond that not sure.

I will celebrate at 72.6p (my breakeven) if it gets there

[bs76] 11/1/2016 16:38

Closed at high - 52

19.54% up

and shorts report out and no change

[bs76] 11/1/2016 16:14

Thx EJ,

Zak mir mentioned that last week regarding breaking MA50 and predicted short term target of 60p

And if it reaches 60p, it will break MA150 which I believe is a bigger indicator.

Not sure whether that will work on AIM stock

[bs76] 11/1/2016 15:43

they added on 7th. So that was starting point of this rally