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@racandfz
Great pick up on the topic of the big short sellers trying to create a bearish market by keeping the sell momentum in small batches of sell lots. Thanks for sharing.
The mechanics is not that complicated. Shorters are rarely pure shorters. They typically maintain a working holding of stock.
You set up a low frequency sale at low volume. Most brokers can set top fairly simple algo-like strategies to achieve this, at lower cost, since the dealing costs are zero i.e. the ones they charge). Typically these are set at trigger points (e.g. curve gradient, % rise, when stop loss orders are in the vicinity, you name it) or when day traders are cashing in on intraday profits. Shorters tend to listen out for each other's sell patterns and when they detect one is selling they start to do the same. Compounds the effect. Price tends to drop.
The intention being to either create or maintain a general sense of a bear share price over a period of time. Not so much intraday.
A number of these sequences seem to start going at the same time. If the sell doesn't hold they stop, usually buying back at a small profit.
@ShorterGuy I'm shocked by your ignorance on the subject.
You're name don't fit you at all. I'm well aware of the system used by the shorters. Only some days ago we hit a price of 65.5p and I was the person that predicted that price the day before it went there and everyone in this forum congratulated me.
iT was a this price of 65.5p that the shorters borrowed the stock and we had an increased of nearly 1.5% against the already shorted stock which went from 5.53% to 7.08% in less than a week to today. If you borrow 1millions of cine shares at 65.5p and then wait for the drop at one of today's price reached levels of 55.5p, that is a 10p gain on 1millions shares. You do your maths if you're capable to understand at all how it works. They can repeat this borrow and buy back as many times they think its safe to do until the Cine price starts to recover and they you'll see all the shorters trying to get out asap. Live&Learn
[Big Short Sellers Dumping Cine Shares]
Over a million of shares have been sold in the last hour most likely by short sellers getting rid of their positions.
I said previously that there is about £90millions worth of borrowed shares held against Cineworld by the Hedge Funds.
Today they've sold over £500.000.00 worth of cine shares, I guess there is more to come from them. They only need a few pennies of price share movement to make a decent profit. They can repeat this sell and buy exercise as many times they want. However, soon the Cineworld share will take an upward direction in a big way and that will be the end of the shorters.