So, it came back on no news and then a sharp turnaround on Friday … on no news that I am aware of but heavier volumes than the previous few days through which it climbed …
Short positions remain sizeable with IQE the 5th most shorted UK company … with Thomas Cook at number 1 and all the other 3 badly affected by Brexit and/or Woodford. I don’t see why IQE is so heavily shorted, personally.
Yet 8.91% isn’t that big a deal and I certainly don’t hear deramping going on in the media - not that I’ve noticed anyway.
There must have been some worried people involved there as the price rose from @47p to @64p in just a few days. Yet they have seen it all before over the last few months.
Personally I bought on the way down @54p, @50.5p and @47.5p and sold on the way up, @63.675p, @55p and @50.5p respectively taking back my cash and retaining shares. (All posted live elsewhere), Even so my average holding is still approx @81p as I struggle to trade my way out of the mess this holding has become.
Should I now go back to the well @55p come Monday if it drops more, pwerhaps repeating the sequence above?
Does anyone have any theories on IQE volatility, short term and longer term?