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Avacta: Now just 43.75p and I am still sitting on the fence with Evil Banksta

By Tom Winnifrith | Tuesday 23 April 2024

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.

Just over three weeks ago I made a duff call on Avacta (AVCT) at 51.25p. I believed then, as I believe now, that at some point these shares will collapse as I explained HERE but I argued that shorts should be closed. Well, that was a poor shout as the shares have already lost 16%. So are they worth shorting now? Over to Liverpool’s greatest numbers man since Ken Dodd who has done well shorting this in the past. He says…
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