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.
Long and wrong shareholders in Quindell (QPP), Avanti Communications (AVN) and Globo (GBO) please take note of this warning amd case study from the Dark Destroyer Matt Earl. Matt Writes: A common misconception used by longs against short sellers is that a short argument can be negated by the fact that a shorted company's management may have bought stock (typically subsequent to a short attack). This is not always so and can be a dangerous (and lazy) assumption. One of many instances where it proved a mistake is in the case of Connaught (CNT).
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Comments
wildrides
I had some of them con 0
What a turkey !
Managed to sell a few days before they went down after trading spikes to recover losses . In the end lost the grand sum of £39 . Which quite easily qualified that trade as the luckiest escape of my entire trading life. To say it was squeeky bum time does not even get close to doing it justice !