Hello, Share Campers. Yesterday I told of my weakness in holding shares in IQE (IQE). Basically, it is loyalty towards the Welsh company which became a six-bagger for me and many other armchair tycoons - at one stage. The problem is that IQE usually disappoints when it reports...
Hello, Share Crispers. You often see share writers ‘talking up their own book’. Nothing wrong with that. As long as you put a fair case for the shares you own. In fact, someone who puts their money where their mouth is can be applauded. But today I’m going to talk down my own book...
Early this year we showed the top shorted London-listed shares at the start of 2019. How's the performance following March? (those in bold remain from 2018)...
Shares in IQE (IQE) are volatile. In the past year they have traded between 136p and 56p and closed yesterday at 68p. The market can often be unforgiving when companies disappoint but in the case of IQE it seems remarkably tolerant…
It is not, in my view, a great time to be shorting UK names which are sensitive to the underlying market direction as I believe that the UK market, currently suffering from peak uncertainty from Brexit, could see a major re-rating in the event of any solution bar a general election, particularly if there is some sort of fudge of May’s deal which is, I think, the most likely outcome (I am long FTSE 250 not 100 futures to avoid currency considerations). This is not to say that I have downed tools completely on the short side in the UK...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
I see that The Telegraph has reported on a warning by Taiwan Semiconductor Manufacturing Company (TSMC) of a sharp fall in sales due to a global slowdown – not least of which will be due to its sales of chips to Apple for iPhones and iPads.
Oh dear. Oh dear. For those beguiled by the shoddy analysis of thirsty Paul Scott into buying shares in IQE (IQE), things are set to go from bad to worse. Much worse. Last night Apple issued a first quarter sales warning.
I noted last night in my bonus bearcast that the real short position in IQE was, whatever the FCA says, probably well North of 20% and that as bears used the profits warning as a reason to close out what is clearly a “crowded trade” this would provide some share price support. And so it has come to pass. The shares are up 4p at 71p having fallen 29p in late trade Monday. IQE has also clarified its profits warning and that has offered some comfort. It won’t last. You see it is all about cash.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
