It has come down a long way but the chart seems to indicate that the price is still way over inflated. Is this still a good shorting opportunity?

by courtesy of Vigilante Man and the MW bb.

'Over the next 10 days or so I'm staring down the barrel of a gun on 3 of my T+ trades so decision time beckoning hence spoke to GH earlier today.
Firstly have to say what an immediately impressive bloke to speak to as he took the time out of his busy schedule to respond to my call without delay.
Without going verbatim I got the confirmation I required that between now and 31 March the broker note will be published preceded by another announcement, and I have a strong feeling this is likely to be next week.

He is acutely aware that the share price is being distorted by the stock being heavily shorted although this should resolve 'very soon'. He went out of his way to assure me that nothing had fundamentally changed since Bio stood at 1.50+ and seems so enthusiastic about the 'multi technologies' yet to come.

Hope this helps anyone hanging in by their fingernails!

Closed my short and bought in market. Missed the bottom though, never mind.

Well gf and others, thanks for talking me out of it...I might have lost my shirt.
Regards

No probs and somebody switch the lights off and close this thread!!!!!!!!

82.25p yesterday!

Well gallick, it looks like you shouldn't have been talked out of it

BUT the shorting is over now & we are going back up.

Of course, long term holders will be unaffected when it recovers IF they held their nerve.

I'm amazed how such a good company can fall so far.

Well be prepared to be amazed again next week !

>> apple

The thing is, if I had shorted, and the price rose as it did, I imagine I would have bailed out, thus making a loss. Having said that, I do think (and this is not a chartist speaking) that we do need to look closely at charts because they reflect the prevailing mood of investors. The old chestnut is that the trend is your friend. However I have invested in one or two stocks recently (or maybe three!) where the trend has definately been my enemy.

Perhaps the answer is to look to make profits on the upslope if you are buying, and then take reasonable profits (say 20-30%), or downslope if you are shorting.
In other words don't be too greedy!!

Trouble is, that's easier said than done!!!

this has to be a steal at 82.25 - up today, maybe the shorting is now over.

Just been reading this thread

gf - are you for real? Never short on chart alone??????

It's when you start mixing chart and fundies that things go wrong. I would expect 80%+ of shorters short on the chart alone.

Gausie