Re: Good time to bank your gains depends on the skill of the analysts ......if they follow retail then they are a sell.....if they follow technology then they might see them a buy .I've checked the brokers views and 3 are bearish and 4 are bullish so who knows what they're worth? but shorters have a whacking this time so caution is needed now when having a go at Ocdo
Re: Good time to bank your gains Lol how wrong were they they with original price target
Good time to bank your gains StockMarketWire | Wed, 29th November 2017 - 11:50Societe Generale today reaffirms its sell investment rating on Ocado Group Plc (LON:OCDO) and raised its price target to 207p (from 189p).
Shorts updata [link] updataShorts now at 11.84% from 16.4%equals 74,666,302 shares still to buy backPlease do your own research...
Re: OCDO I dont hold OCDO much to my disappointment, despite considering buying numerous times over the past months.The manner though in which shorts are burning is heartening and pleasing and long may it continue with no retraces of the sp...
Shorts updata [link] at 16.4% or 103,422,919 shares to buy back.Please do your own research...
OCDO [link]
OCDO Wow got this one OCDO correct today shorters burnt to toast today.[link] did they get it so wrong number two most shorted stock.They lost 23.98% in a day.
Citi targets... ....£4 and says buy / credit Suisse says outperform and targets £4.8
Re: Rumbling great news indeed and nice to see shorters having their r's kicked (LOL)
Re: Rumbling casino group added,maybe the corner has been turned
Re: Rumbling ICA ,Nordic region retailer may be about to sign in with OCDO ,according to the telegraph .we'll see about that but it must be said that hedge funds rushed to close short positions on the rumour hence the squeeze .also credit Suisse says they have outperform rating on OCDO .
Rumbling Nice rise and good volume,any thoughts ?
Re: Ocado shares will plummet I would guess Ocado is now the most heavily shorted share in the FTSE, as former leader Carillion has crashed 45% in the last 26 hours, so many of the vultures will have closed their shorts and taken their money.Think I'll steer clear.
Ocado shares will plummet Says the Daily Mail[link] investors are betting £336million that Ocado will crash and burn with its bid to go global.Hedge funds are short selling 18.4 per cent of the online grocery company's shares the second-highest percentage of any firm on the London Stock Exchange behind construction firm Carillion.This means traders will make money if Ocado's share price falls, effectively allowing them to bet against the business's success.The short selling suggests that a rumoured takeover of Ocado by Amazon has been dismissed by many major financiers and that serious doubts remain over the firm's entire business model.Shares peaked in 2014 when the food delivery firm proved a hit with customers, but since then have dropped by 50 per cent.While it boasts some of the most cutting edge warehouse technology in Britain, Ocado has been battling to convince investors it has an achievable plan for the future at a time of unprecedented pressure on retailersThe biggest bet against Ocado is held by US hedge fund Discovery Capital Management, which was co-founded by billionaire Robert Citrone.A 52-year-old former high-school wrestler, he is one of the so-called Tiger Cubs top money managers who learned their trade working for legendary investor Julian Robertson at his business Tiger Management.Like many hedge fund bosses Citrone, who has four children with wife Cindy , has traditionally shunned the limelight but is known to own a small stake in his hometown American football team, the Pittsburgh Steelers.He used to regularly attend games in the 1970s, even wearing the team's helmet during matches. Today though he is thought to live in a mansion in Connecticut. As well as having a 3.46 per cent short position worth £63.4million against Ocado, his business is also betting against retail rivals Sainsbury's, Morrisons and Marks & Spencer.Discovery's biggest punts tend to be in the developing world rather than the West. The firm is known to have taken several large positions in China over the years. There is a growing belief among hedge fund bosses around the globe that many grocery firms will slump faced with competition from Amazon.