Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The spread betters could be having a field day. Four more of the ShareProphets AIM-China Filthy Forty now on Death Row following Nomad resignations in just four weeks. Three in the past week: if this continues the whole lot will have gone by Christmas. But back to the question – which will be next? For some clues, we just have to look at what happened yesterday. Anyone still holding Jiasen (JSI) or JQW (JQW) is, in my view, certifiable.
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Comments
drunken sailor
Nigel,
It is not all that clever still being short (even less clever being long!) when a share suspends before getting booted off the Casino. The whole thing just goes into limbo as it could all come back to life if it relists somewhere and you can’t cash in your well deserved winnings and will end up paying some sort of fee, the margin requirement will go to 100% too. Much better to close earlier, even if it does lead to a dead cat bounce and BBMs calling “shorters being burned.”
pagefile
http://www.investegate.co.uk/china-rerun-chmcl-ld—chrr-/rns/statement-of-china-rerun-chemical-group-ltd/201510090746417720B/
Just Lol!