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[CRB14]

Condi said:

Oh, and FYI, there are no legal qualifications needed to become an analyst per say. If you are advising people then you are regulated and need qualifications, if you are writing something and publishing it to the world then anyone can do that without any training at all. What people chose to do with that is up to them, and it is research not advice you are providing.

Edited by Condi on Wednesday 23 April 18:03

The point was more along the lines of the fact that an unknown 'analyst' who openly admits they hold short positions on stock has managed to wipe nearly £1billion of value from a share.

I don't believe the report could have been read before the crash happened hence my belief that there is more to this than just the research paper.

[twinturboz]

Wahoo Apple! Been waiting a fair few quarters for results like that maybe sentiment starts to shift now.

[twinturboz]

Wahoo Apple! Been waiting a fair few quarters for results like that maybe sentiment starts to shift now.

[kiethton]

CRB14 said:

Condi said:

Oh, and FYI, there are no legal qualifications needed to become an analyst per say. If you are advising people then you are regulated and need qualifications, if you are writing something and publishing it to the world then anyone can do that without any training at all. What people chose to do with that is up to them, and it is research not advice you are providing.

Edited by Condi on Wednesday 23 April 18:03

The point was more along the lines of the fact that an unknown 'analyst' who openly admits they hold short positions on stock has managed to wipe nearly £1billion of value from a share.

I don't believe the report could have been read before the crash happened hence my belief that there is more to this than just the research paper.

Thing is you see this time and time again on AIM to some extent.

As the market moves so quickly people will often trade initially on the title of the research paper, the target price or the exec summary in order to get that first mover advantage if not perceived as positive (or even if so for some shares).

As more people do this, the more others sell as they see the price start to slide due to the above. This in turn causes further panic and more sells as people see the SP moving rapidly downwards. Stop losses then get triggered, deepening the spiral until your well down and those not watching wonder what had just happened.

All this happens, as you can see, time-wise before the report can be properly read, the spelling mistakes identified, the stark impractical irregularities in the report are brought out and people can check facts or re-research/review notes etc. by which time the stock has collapsed owing to the above.

Eventually people will have had the time to read the report, come to their conclusions and realise that owing to the spiral caused by the above the stock is now undervalued. As a result the SP then climbs back, as people pile back in, quickly at first (first mover) although generally slower than the descent and to a lower level as some people that sold in the drop are now wary, they will buy in again when stable or be spooked for good.

This happens across the board in AIM, Blinkx, QPP, MARL last year, SULA etc.

The day traders and trend investors love it, its a repeating prophecy thats self-fulfilling when started. They make shed loads on the short and then the recovery as events unfold, the trick is just calling the bottom, the general clue is to review the transactions instantaneously. I know they're delayed for the majority now but look at the delayed LSE feed, people can see them as they happen....sea of red then blue as it turns back up, when you hit a stable period of blue the game is then back on long, likewise seeing a slowing of the red and click to blue may be the closing of the shorts (the closing of shorts often causes blues as you close them buy buying the shares at the lower price). The advantage is in the live feed. People pay thousands to get the information before others and thus know when these are happening the mili-second they occur.

I'm glad I'm out of the markets (in the majority) for the time being as QPP was on the radar and I would have likely been victim yesterday but would have continued to hold as IMO this will recover over the next few months as the rest are doing (barring the ultra-small caps which were more pump and dumps as opposed to this and Blinkx).

[AOK]

twinturboz said:

Wahoo Apple! Been waiting a fair few quarters for results like that maybe sentiment starts to shift now.

Slept very well after checking the after-market trading... like you, bought in at circa 500 last summer and they haven't done much. Not sure whether this will be the start of an upwards trend. 800+ has been speculated, and with the iWatch and iPh6 round the corner maybe possible.

[vescaegg]

Sorry to say I sold a majority of my QPP this morning on a 27p opening. I just couldnt risk them falling more and (depending on how the reply to the GCR report comes across) never coming back up. I, like many others I expect, cannot afford to lose all of what I put in.

I have left a bit in though in case they do come back up but only a small amount. Several thousand down on the part I sold but I am already feeling better generally today having most of my money back and now 'safe'.

QPP down 8% today now following quite a nice rise yesterday. Not sure at all where it will go from here.

[donkamio]

vescaegg said:

Sorry to say I sold a majority of my QPP this morning on a 27p opening. I just couldnt risk them falling more and (depending on how the reply to the GCR report comes across) never coming back up. I, like many others I expect, cannot afford to lose all of what I put in.

I have left a bit in though in case they do come back up but only a small amount. Several thousand down on the part I sold but I am already feeling better generally today having most of my money back and now 'safe'.

QPP down 8% today now following quite a nice rise yesterday. Not sure at all where it will go from here.

24.3 at the moment. looks like you sold at a good time.

i'm watching the price with interest

[twinturboz]

AOK said:

Slept very well after checking the after-market trading... like you, bought in at circa 500 last summer and they haven't done much. Not sure whether this will be the start of an upwards trend. 800+ has been speculated, and with the iWatch and iPh6 round the corner maybe possible.

Maybe, $800 seems optimistic in the short term but after the split I can see it going to $100 quite quickly which would be the equivalent of $700. For now I'll take clearing $574 then pushing towards $600 in the next few weeks.

[K12beano]

Is my math(s) that bad...


....or after the split won't $100 be the equivalent of $800 anyway?!

[steve_bmw]

Anyone watching BPC? nice rise today after the latest RNS, any thoughts on this share?

[andrewh]

It's a seven to 1 split so current after hours at 575 giving a listed price of around 82.

[twinturboz]

Yup what he said ^ so $100 would be equivalent of $700. Hopefully the split will allow more retail players into the stock, combine that with buybacks and a yearly increasing dividend and all of a sudden you have a stockholder friendly company.

[vescaegg]

donkamio said:

vescaegg said:

Sorry to say I sold a majority of my QPP this morning on a 27p opening. I just couldnt risk them falling more and (depending on how the reply to the GCR report comes across) never coming back up. I, like many others I expect, cannot afford to lose all of what I put in.

I have left a bit in though in case they do come back up but only a small amount. Several thousand down on the part I sold but I am already feeling better generally today having most of my money back and now 'safe'.

QPP down 8% today now following quite a nice rise yesterday. Not sure at all where it will go from here.

24.3 at the moment. looks like you sold at a good time.

i'm watching the price with interest

The RNS which is due tomorrow should either make or break the share price for the next while anyway. Heres hoping its good.

I need the remaining shares I have to reach about 80p to make back what I lost when I bailed this morning

Perhaps in a year or two they will do.

[AOK]

twinturboz said:

Maybe, $800 seems optimistic in the short term but after the split I can see it going to $100 quite quickly which would be the equivalent of $700. For now I'll take clearing $574 then pushing towards $600 in the next few weeks.

I'm in two minds as to whether I should hold on now that there might be some momentum or to sell out and buy some more SCTY on this current dip... I didn't understand your phrasing- are you holding on to AAPL then or set a sell at 574?

[twinturboz]

AOK said:

I'm in two minds as to whether I should hold on now that there might be some momentum or to sell out and buy some more SCTY on this current dip... I didn't understand your phrasing- are you holding on to AAPL then or set a sell at 574?

No mate, long term position not day trading this one, what I meant was from a technical chart point of view hasn't been able to clear 575 in some time so if and when it does it should get further momentum to push towards 600.

Weather to sell now, thats a call you have to make based on your timeframe but my personal opinion is there is no reason to sell right now.
We have new product categories to come, China market is only going to get stronger and the valuation on the stock is still cheap when compared to others out there. The real underlying thesis is do you think Apple can innovate and bring out new products and return back to growth.

Not that I pay any attention to analysts but upgrades today:

Cowen 590 > 630
Mizuho 575 > 625
Goldman 610 > 620
BoA 590 > 615
Macquarie 630 > 665

[CRB14]

RNS released by QPP this morning describing the events on Tuesday as a 'co-ordinated shorting attack' and that it notes a number of shorts were taken out prior to the release of the research note.

I did say that there was more to this than meets the eye. Legal action has been initiated. My belief in the company remains the same.

[vescaegg]

CRB14 said:

RNS released by QPP this morning describing the events on Tuesday as a 'co-ordinated shorting attack' and that it notes a number of shorts were taken out prior to the release of the research note.

I did say that there was more to this than meets the eye. Legal action has been initiated. My belief in the company remains the same.

Mine too.

And yet the price falls....

[CRB14]

vescaegg said:

Mine too.

And yet the price falls....

Most likely because people were expecting a fully detailed response as this one just re-iterates what was said on Tuesday albeit with their note that the shorts were taken out before the GCR release. I'm personally happy to give them as much time as is needed to compile a detailed RNS.

[Newc]

CRB14 said:

RNS released by QPP this morning describing the events on Tuesday as a 'co-ordinated shorting attack' and that it notes a number of shorts were taken out prior to the release of the research note.

I did say that there was more to this than meets the eye. Legal action has been initiated. My belief in the company remains the same.

Bit of a limp response though. Not a holder, so haven't followed every detail, but irrespective of the evilness of the process or the shorters' conspiracy or market maker collusion or whatever, the actual situation is that GCR has made checkable statements about QPP. Either GCR is right or QPP is, and QPP should be able to respond to at least some of the claims more or less immediately.

Not sure I'd be continuing to run a long position.

[CRB14]

Newc said:

Bit of a limp response though. Not a holder, so haven't followed every detail, but irrespective of the evilness of the process or the shorters' conspiracy or market maker collusion or whatever, the actual situation is that GCR has made checkable statements about QPP. Either GCR is right or QPP is, and QPP should be able to respond to at least some of the claims more or less immediately.

Not sure I'd be continuing to run a long position.

They can't win either way. If they'd have only addressed say half of the points raised then everyone would question why they hadn't addressed the balance and it could be seen as acceptance. In responding the way they have I think it's the right thing to do at this moment. They have said a detailed response will follow.