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If Gulf Keystone Stays Below 100p for three days, 70p will be hit in short order – Lucian Miers + New Bond warning

Tom Winnifrith
Saturday 29 March 2014

Bear raider Lucian Miers has a small short position taken recently in Gulf Keystone  (GKP)but says that he will increase that short markedly if Gulf shares stay below 100p for two more trading days. And he has issued a stark warning about the Bond issue underway.

The stock closed Friday at 98.75p – its lowest since September 2011 and Miers has studied the charts and reckons that failure to get through what was previous support at 100p would be the precursor to a sharp fall to 70p or below. 

Miers reckons

on Shareprophets | Comments

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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