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Gyrations at Victoria Carpets

By Lucian Miers | Saturday 24 September 2022

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.

Two weeks ago today at Sharestock, I spoke about Victoria Carpets Plc  (VCP) and outlined the reasons why I thought it still had the makings of a good short, despite its fall from £12 in January when I last wrote on it. Although the stock closed yesterday at just 427p, the share price gyrations of the past fortnight underline why I stated that right now might not be  a great time to open the short. The shares raced ahead post Sharestock but are now 53p below the share price then.

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