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.
As the stench of death gets ever more ghastly at Quenron (QPP) it seems that every new day this corpse in waiting attracts the attention of a new celebrity bear raider. A couple of weeks ago Muddy Waters chipped in. Today it is the legendary John Hempton of Bronte Capital who has been tweeting words of “encouragement” to the morons. That is before he warns that the shares are going to 0p.
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Comments
Sweet Karolina
I would expect him to say keep buying morons, someone needs to soak up the shares I am short selling.
Sounds like you are doing exactly what he wants you to do.
wildrides
Terrible song ……….. but anyways …….. he is giving you a polite warning ie the shorting attack is going to intensify . Shorters like to warn ………… it allays any feelings of guilt .
Sell now while you can .
Barry
Tom, I enjoy reading your posts and it is in part due to them that I sold at a substantial loss a few weeks ago. However, I feel you are struggling a bit to give fresh impetus to your attack. If nothing new comes to you, say nothing. The short sellers you mention today are not exactly the elite of the investment world and your blog of today smacks a little of desperation in not finding anything better to say. Stick to what you are good at, dissecting subsidiary accounts.
Tom Winnifrith
Barry
I was just feeling rather tired today, you have those days now and again. I have 3 sets of QPP sub accounts ti play with on the train tomorrow. Having been saving that treat for a train journey
T
turbograndad
The artist in the video, is about as arbitary as a QPP, BB poster.
PB
Filth…. there is a very good reason that there are not more disclosed short; the borrow is at 17%, and that is assuming you can get any. What is the point in doing work on a name where you can’t put more than a few thousand to work?
More interesting (and by your own logic) is why the long-onlys are not buying? IF this were a good quality company would M&G, Fidelity, Algebris, etc, snap up some more?
You might find it interesting to note that shorting any stock with a forward PE of under 2.5 would have proven to be a fairly successful strategy over the last 10 years. It may seem counter-intuitive, but sometimes the market is right; as my old man once told me “cheap is seldom cheap”.