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Atkins... as night follows day: time to short

By Matt Earl, The dark Destroyer | Wednesday 11 November 2015


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


Coming up to two years ago I sold short in Weir Group (WEIR) with a market cap of £2.4 billion at 2,094p. 
I quickly covered the short about a month or so later at around 2,300p. I closed in the midst of a sharp run up in Weir's price, driven by spurious bid speculation and a short squeeze; short interest at the time was 12%. The market then was also fairly unforgiving for shorts, still being juiced by QE, statements of "whatever it takes" and all that.

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