QPP Stream Log

Don't understand Vader - if Roble have increased their short then the shares have already been sold on the market. To have any effect whatsover they would have to buy them back (which would increase the SP significantly) or borrow some more to short and increase their short further. The status quo (Roble doing nothing) means the SP is entirely unaffected by them at the mo.

There are 2 other shorts that are declared but there only small. Roble is the one im looking forward to start closing (although only increasing atm)

lordvader - so basically once Roble sell their 4% we are back on track?

With Roble increasing there short to now over 4% i cant see this sub-staining any rise atm. They will let it rise abit then smash it back down. I'm avg at 25p and 30p so hopefully it wont be too much longer but ive been telling myself that for the last 2 weeks

Thanks and I like to agree. I'm thinking the only thing stopping 10p or lower would be the company itself going wrong?

Can I ask a genuine question: IF the nonsense of last month was to be repeated, what in your opinion is the lowest SP this could drop to? Lower than 10p? I just want to try and give myself a realistic stop loss. Thanks all.

Jimbo - if I had 10k I'd be laughing!

Jimbo - if I had 10k I would! That's the problem. Very limited funds but hugely into QPP and very knowledgeable on it having worked for one of their owned firms in the past.

Jester - thanks. Am still seething at losing 4k on the spreads, as I was 200 long at 39p and had planned to hedge out at 49p for a 2k profit. Seething doesn't even begin to describe it. Of course now it's catch 22. I want to wade in at 21p, but of course if I go 200 long at 21p and the criminals come out to play again, we could see 11p and another 2k loss for me. At the same time...I do nothing...miss the spike to 30p.....fun and games!

IanH - good luck with those spreads (never had the balls myself). I'm sat on 100,000 shares (average of 35p) which obviously halved in value on that dark Tusday. Should probably have sold and bought back, but couldn't bring myself to do it. Have chosen to hang tight and ride it out - genuinely think I'll be fine, but becoming a BB addict while waiting for it to happen!