Quindell shorters moving on as heat increases.

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Roble closed short position to 3.34 % as of the 4th November. This equates to approximately 4.1 million shares. This is a reduction of 0.94%.

This is a good indication that Roble knows the opportunity with Quindell is coming to an end and it’s time to find another company to target.

The high volume of shares traded Wednesday / Thursday would make it highly likely that another reduction in the short position will be announced.

Conclusion

The exiting of the shorters so far has been orderly. Once Roble has reduced his position further it is likely we will see a stampede as others who are short try to exit.

The bonfire set alight on the 5th November is burning nicely.

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