Simply Wall St article. Enough said.
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Well, says to me that the results announcement on 25 Feb is going to be a rather muted affair by the new CEO as he would want to have a really good handle on things (especially pertaining to competition issues) before providing an outlook comment.
If anything, one would expect him to play it safe and cautiously as he is going to own any outlook comments he makes in his first outing as CEO.
I’d be curious to know opinions from others, as to why shorters are running for the hills? Surely if they expect a mediocre HY and potentially revised FY guidance, wouldn’t it make sense to keep short positions open, or at least open new positions?
shorters are not running for the hills , if your got long term sellers or what ever , shorters can buy back into the volume with out the price racing upside due to there buying.
lock in some profits as maybe they think the downside is not as great now? doesnt mean the upside is better
you didnt understand they might be locking in profits without pushing the price up , just cause the short interest is falling means nothing except about risk/reward for the a2 proposition which was a trade from an overvalued company fundamentals. why would you maintain a massive short position in a company idf its not going bust. its a trade only short position
that’s a very odd explanation. Yes I understand they are locking in profits, but that makes absolutely no sense if they are convinced there is further downside. Based on comments here about competition etc, surely downside is a given.
Based on some of the comments on HC recently, and here, you could be mistaken for thinking the company is going bust, as though they have never dealt with competition before. Just seems the sentiment from shorters doesn’t match their actions.
You're not wrong, I dived head in first into ATM with the wrong mindset.
Luckily ATM is only one of my tranches, although it's the biggest one by a lot. It feels like ATM has singlehandedly undone all the work on the other shares, 3 steps forward, 3 steps back.
Going forward, I'm just waiting for a bit of a bounce - every little bit helps, then I'll exit and reinvest in other shares.
Thanks for your input, I'll take it onboard.