Disclosure: The author has a short position in one or more of the shares mentioned. 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.

InternetQ Red face but I'll make it up on Avanti, PureCircle and PetroCeltic ALL crashing

By Lucian Miers

5 March 2016 05:42

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One of the benefits of being a short seller is the joy and happiness that one engenders in others when being sandbagged by a short call that goes wrong. I have closed out my position in InternetQ (INTQ) at a substantial loss,

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Comments

Drunken Sailor

5 March 2016, 06:57

Interesting times at PCI that is for sure – don’t know anything about the Irish examinership process, does sound a lot like administration though – the spat between world view and the management continues to make gripping watching from the sidelines.

I am looking forward to Avanti’s Q3 update, what double digit revenue growth will they report this time? Have they received all those receivables? Having said in the interims that they did not expect to need additional facilities, will they comment on the rumours that they are trying to arrange them? Will they say anything about those African subsidiaries? There is a potential market in Africa as Internet connectivity is expensive and shit at the moment – I still can’t see how they can piss away all the cash by end of 2016 though, so I think you may have to wait a while for 0p there.

Not brave enough to short myself but best of luck with yours.

Even when out of the gaze of the public markets, we can all still monitor INTQ through their CH filings, but as you say there is little joy to be had from losing money, even though you may well eventually be proved right.
filthy lucre

5 March 2016, 17:25

Didn’t you also recently get Keurig Green Mountain wrong? So even IF you get Avanti right you will be ‘even stevens’?

Maybe stop following the trades of the big hedge funds, and do some proper research?