I think they went XD today, but that should only have taken about 9.5p off the price. I think that the remainder is related to the prospect of a lower future dividend resulting from the prospect of large SA and commodity companies reducing their payouts.
No doubt we will see some "informed" opinion in the next couple of days.
"As the government gears up to sell its final stake in LSE:LLOY:Lloyds next spring, tougher commercial banking conditions helped drag profits below expectations in the third quarter. However, management believes performance will recover in the ..."
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is done with and we expect the stock to now rise, now that 'he' is out of the way? You'd be wrong in many instances, for 'he' the shorter, is often followed by others that 'help' keep the stock down !
Some stocks fall after GOOD NEWS!
Is it being shorted or normal profit taking?
The underlying reason for many pi's taking early profits, is simply they are afraid they'll be left in paper losses AND because of the fear of shorting !
Once pi's know the stock is being shorted...they'll SELL UP IN THEIR DROVES !
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
Thanks for all your support. We are now at 4,435 votes!
(that's A LOT of irate investors!)
Investors are saying something? They are voting in their thousands !
Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
BE A PART OF IT
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all involved together!
The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated shorting in order to tank the sp to abnormally low levels.
When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either:- an outright ban on short selling, or to be better and more vigorously regulated !
Hedge fund chief, David Serra wants the FCA to investigate 'shorting' practices http://goo.gl/5ZvXAU
"The headlines are enough to make anyone think the economy is booming, but LSE:INVP:Investec's results on Thursday, showing group profits rose 6% to Â£451.8 million (equivalent to a 20.3% rise on a currency neutral basis) reflect a great deal of ..."
Profit was down slightly at the interim stage but not enough to warrant a 20% drop in share price since the start of 2013. Hopefully will recover most of that drop in 2014 as economic recovery continues.
This is a quiet old board, shame. Anyone have a view at current prices? I think good value, I think the rand WILL recover, I think earnings are historically stable, good yield, I like them .... relative to the market as a whole, I think there's good upside in this when current negativity subsides. One worry = some HUGE director selling. Why?
No idea where markets are going but personally I am staggered that with none of the underlying economic problems fixed ( US Cliff, Eurozone, japan, US Munis, Pension hole, our economy/jobs/debt etc etc) that everyone seems to be wanting to pretend its all rosy.
Think we will have significant volatility before end of Q1 so I am selling in tranches into this rally- but having an average price of comfortably sub 300p having got in thru EVG before it was acquired, and having had an OK yield, it's an easy decision. Also selling Barclays- various sales and dates loaded for both, but first ones already gone .
my crystal ball is no better than anyone else's- but downside risk at this price is an easy 20%.
Good luck to all
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