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Morning Mountainous and I totally agree with you , I was originally hoping they brought in lower , it would of been fun to see how much they had lost and was a little surprised they were in profit.
With spiderman round the corner and with luck a positive court result it could be a really costly mistake.
I am surprised they brought in so late.
Pawelbak is K2 advisor.... Inside information lol.
"Now just thinking about it. Are K2 ok? Who in the right mind would open a short right at the bottom of a massive dip?"
Someone working from inside information would only do such a crazy thing...
Good morning Bonkers, indeed it appears as though they’re in the profit for now, but I don’t think that will be the case for much longer.
For the moment lol, I’d be pretty nervous if I was them. It was an approx £2.5m move and we know how cine can spike
So they are prob in profit then at the moment ,
Bonkers - from what I can see they took out a 0.37% (5m share) short sometime on the 25th so 0.52 +/- 0.01. In total there are approx 120m of our shares short. I’m hooking of course the date on short tracker is the day they took it out, if not who knows.
Do we know what price they brought in at ?
A long-term holder would not mind buying at the top, recognising that over the long-term a given security will continue to rise. They aren't in it for skimming short-term profits like most on here that blindly invest and hope for the best.
For example, Apple is trading at an astonishingly high valuation at the moment. As a believer in their business, their differentiated business model and their ecosystem, I am confident investing while they're trading at record highs because, over the next five to ten years, I expect them to rise.
Agreed though - it seems odd to open a short at this point.
Now just thinking about it. Are K2 ok? Who in the right mind would open a short right at the bottom of a massive dip?
That would be like a LTH buying right at the top of a massive rally, will be exciting to see how that goes for them. Sp already showing a few signs of recovery :)
If news was out, then the situation with the sp would have been considerably worse than this. Plus Cineplex would have started to rise.
Might just be K2 putting a bet on Cineplex winning and Cineworld losing, wonder if they watched how Cineplex’s lawyers were performing…
Interesting that there is a massive short from a firm in Toronto, Canada on the 24-25 Nov. Has information about the case outcome been leaked from the judge/legal teams???
https://www.ortex.com/stock/4005/shorts?g=7