- 10th December 2018 at 11:15 am #13520Stuart FieldhouseParticipant
Interserve has to be the short of the week, but if you weren’t short of it already, you missed a massive short side gain this morning as the stock fell out of bed to tune of 58%. If you, like us, were bearish on Carillion and made money there, then the gradual decline in Interserve will have rewarded you if you were following it down in the last six months.
Net short on the stock, as reported to the FCA, is still less than 6%. IIRC net short was double figures on Carillion months before if finally gave up the ghost. Given the week we’re likely to have in front of us politically, this trade will likely end up looking quite tame by the time markets close on Friday.
Buckle up people!
- 10th December 2018 at 11:17 am #13521Stuart FieldhouseParticipant
I guess the question traders will ask is – “Should I put a short CFD trade on Interserve now?” I think there’s more to come. It’s not going to be as dramatic as Carillion, but Interserve is showing many of the same symptoms. This is definitely one to watch, but there are better pickings over in the retail sector, e.g. M&S, which has many vultures circling it at the moment.
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