Very tempted to cover part of my short at 215 - but sitting on my hands for the time being. I believe this has a lot further to fall, and my targets are around 10p lower.
Maybe I should have waited a little longer - looking to cover the bulk of the position around 202 - 205. In the meantime I've been covering part and reopening higher for the past few weeks - and its nice to bank a bit every now and again.
with an unexpected jump in MKS sp this morning have increased short ...... now have sufficient to make it feasible/worthwhile to trade some and hold balance if i so choose
it will be self-apparent in a couple of days as to whom has made the wrong call ..... tabby - i recollect just before christmas how you were telling us all how wonderfully M&S were doing ..... that has proved to be hopelessly wrong ...... whether or not the market thinks the worst is over or even that M&S could be taken out by a predator remains to be sen.