gizzard squeezing

GAH up 8.4%, continuing its recent convincing breakout.

LAM up 0.3% after a convincing breakout yesterday.

OCDO down 6.5% today, giving the shorters a little reprieve. The shares are up nearly 40% over 1 month, demonstrating the dangers of shorting momentum stocks. ValueWalk reports that Jim Chanos reduced his short on Friday. It notes: “Ocado Group PLC (LON:OCDO), a shortsellers’ favorite in the U.K., has been surrounded by a bunch of conflicting news. The online grocer, a short bet of notable investors like Jim Chanos and Tiger cub John Griffin, fell as much as 13 percent in the London Stock Exchange after bad news broke about a prospective deal with another retailer.”

SGP down 0.8% today to 729p. It’s really bumping up against a lot of resistance at around 732p. Volume is above average, but an RNS out today shows that former director Theofolis (“Theo”) Karpathios has reduced his stake further. He seems determined to offload it as of late. The price action might depend critically on how keen he is to offload, versus the latent demand for the stock. The market seems to be absorbing his sells very well so far.

SID down 4.7% to 15.25p, and is now testing a support level. We should shortly know if that support is sustained or broken. Volume has been weak, which will weaken any conclusion we might draw.


About mcturra2000

Computer programmer living in Scotland.
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