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I think a ViP2 Financial Traders clique is in order


Captain Planet

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"One big short just closed 2.2m NT, hence the price moved up."

Actually I think that was a sell, probably the sp was held down until it was executed. Now they'll let the sp rise.

Might rise further through out the day, if I had some excess p i would throw something in

Also they had a rescue package from the banks

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STRUGGLING retailer HMV has failed to convince short sellers of its recovery story, despite a string of positive developments for the embattled music store chain.

The company is the most shorted stock in the FTSE All Share index, with almost 20 per cent of its shares out on loan, according to DataExplorers.

HMV sold the Waterstone’s book chain for £53m last month and had reportedly received the backing of its bankers. But short sellers have not been deterred, betting that the firm’s share price will continue to fall.

Will Duff Gordon, research director at DataExplorers said: “Short interest has not diminished in HMV. With the percentage of shares outstanding on loan having hovered around 20 per cent since early March, it would be hard for short sellers to source more of the stock.”

Taking a gamble here, hopefully the shorters get spooked and create bullish pressure, the shares have hit their low tbh

If all pans out i could make a cheeky profit

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aw mate tell me you didn't buy them at 14p? They're still up from where they were two days ago, but I would be surprised to see them rise substantially like they did yesterday again, but I guess if it happened once it could happen again.. if they do i'd sell asap. That plc does not have the brightest of futures.

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  • 2 weeks later...

Anddddd with any common gap up as well as previous trends expect a retracement

Shares are oversold but I joined the selling lot today and took a decent profit, hopefully the shortsellers force this one back down to circa 230 so I can get some cheap shares in before this one begins serious oil production and heads off towards 700+

AIM market is sh*t so common sense doesn't prevail and Europes economy is sh*t at the mo cos of Greecehence why this stock isnt doing what the big investment banks say it will soon

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Anddddd with any common gap up as well as previous trends expect a retracement

Shares are oversold but I joined the selling lot today and took a decent profit, hopefully the shortsellers force this one back down to circa 230 so I can get some cheap shares in before this one begins serious oil production and heads off towards 700+

AIM market is sh*t so common sense doesn't prevail and Europes economy is sh*t at the mo cos of Greecehence why this stock isnt doing what the big investment banks say it will soon

the reason for the crude/brent sell off last week (which would have caused ur shares to fall) was the IEA's announcement of a 60MB rserve release...

obviously the shares track the underlying so you should pay close attention to WTI/BRENT prices in the next few days as I am anticipating further downside momentum for the economy as a whole.

if commodities continue to close below 200day MA's then we might see another big correction.

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