west didsblue
Well-Known Member
- Joined
- 2 Oct 2011
- Messages
- 32,308
All looking good at the moment across the board with very few exceptions. Index at all time highs.
Interestingly BT has had a 10% jump today after poor results and the announcement of an increased dividend along with cost cutting measures. Apparently some hedge funds had shorted the stock with around 300 million borrowed shares. Fair chance they’ll be forced to close their positions pushing the SP even higher in the short term. Nice to see them getting their fingers burnt.
Interestingly BT has had a 10% jump today after poor results and the announcement of an increased dividend along with cost cutting measures. Apparently some hedge funds had shorted the stock with around 300 million borrowed shares. Fair chance they’ll be forced to close their positions pushing the SP even higher in the short term. Nice to see them getting their fingers burnt.