Atkins... as night follows day: time to short
Coming up to two years ago I sold short in Weir Group (WEIR) with a market cap of £2.4 billion at 2,094p.
I quickly covered the short about a month or so later at around 2,300p. I closed in the midst of a sharp run up in Weir's price, driven by spurious bid speculation and a short squeeze; short interest at the time was 12%. The market then was also fairly unforgiving for shorts, still being juiced by QE, statements of "whatever it takes" and all that.
