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Kira
I agree, we should share our sources.
So where did you get that dodgy link from last night?
Easy to understand explanation of short selling.
https://youtu.be/CAs_aX95tVQ
... Good luck if this floats your boat.
ATB LB
Personally I use many sauces as quite a saucy guy ,
Septic Lil is a unique source & she says some on here need to get professional help , lay off the magic mushrooms & perhaps improve your personality to slightly more interesting than a rotting Halibut
Rums all Round
Nothing at all, Layla. I just thought, or was given to understand, that it is literary good form, to acknowledge one's sources.
What's the problem with copy and paste?
As long as its accurate.
A nice copy/paste from Investopedia. Do you ever acknowledge your sources, Tilly?
Trading & all
Basically the Cost to borrow rises with the risk to Shorters - the higher the number the more difficult & costly to borrow stock .
A stock loan fee, or borrow fee, is a fee charged by a brokerage firm to a client for borrowing shares. A stock loan fee is charged pursuant to a Securities Lending Agreement (SLA) that must be completed before the stock is borrowed by a client (whether a hedge fund or retail investor).
The stock loan fee amount depends on the difficulty of borrowing a stock—the more difficult it is to borrow, the higher the fee. As short sellers immediately sell the borrowed stock, the borrower must reassure the lender by putting up collateral such as cash, treasuries, or a letter of credit from a U.S. bank. If the collateral is cash, the interest paid by the stock lender on it to the borrower may offset part of the stock loan fee.
Most shares held by brokerage firms on behalf of their clients are in “street name,” which means that they are held in the name of the brokerage firm or other nominee rather than in the name of the client. This way the brokerage can loan the stock out to other investors.
Stock is generally borrowed for the purpose of making a short sale. The degree of short interest, therefore, provides an indication of the stock loan fee amount. Stocks with a high degree of short interest are more difficult to borrow than a stock with low short interest, as there are fewer shares to borrow.
& if you understand the above you haven’t drunk enough grog
Rums all Round
Caw. It's a right vipers nest. Hard to follow and definitely a different pattern in the last few weeks. May support your synthetic trades idea... Wish I understood it lol :))
I'll read it again later after a few malbecs.
ATB LB
Caw, LB & all
Evening dudes , yes crazy number changes on loaned stock ,
So any theory is welcome ,
‘ Synthetic shorts ‘ complex & sounds more like Septic Lils Saturday night lingerie !
With cost to borrow being at 17 .2 very lucrative to loan your own stock to minnows # BR
Whatever the reason , increasing & decreasing by 5/6 million is a lump in thin trading .
We won’t find out for sure. # A huge orgy of brown envelopes at the urinals whilst ‘ Dirty Cash ‘
by Stevie V plays in the background .
Rums & at the back of the Queue all Round
Hi LB, Some of it may be these trades around 16:00 but doesn't explain 6m closed in a day when only 6m traded unless the MM's have sleeves as big as Popeye!
2022-05-24T16:25:50.183 GBX 7.52 459300 34539.36 Off-Book XOFF P ECHO
2022-05-24T16:10:50.563 GBX 7.62 459300 34998.66 Off-Book XOFF P ECHO
2022-05-24T16:10:14.937 GBX 7.62 459300 34998.66 Off-Book AIMX P AIMX
Seems a pattern emerging around 16:00 - shorts/index adjustments or worked Sells/Buys - anyone's guess but as per Tilly's updates shorts on loan keep increasing so maybe these are the trades. Note some match on and off exchange
2022-05-19T16:14:07.683 GBX 7.866 1023148 80480.82168 Off-Book AIMX P AIMX
2022-05-20T15:51:01.017 GBX 7.922 457000 36203.54 Off-Book XOFF P ECHO
2022-05-20T15:50:54.027 GBX 7.922 457000 36203.54 Off-Book AIMX P AIMX
2022-05-23T16:27:47.417 GBX 7.54 132626 10000.0004 Off-Book AIMX P AIMX
2022-05-23T16:19:14.797 GBX 7.566 185078 14003.00148 Off-Book AIMX P AIMX
2022-05-23T16:18:21.000 GBX 7.745 116087 8990.93815 Off-Book AIMX P AIMX
2022-05-23T16:16:18.667 GBX 7.751 459000 35577.09 Off-Book XOFF P ECHO
2022-05-23T16:00:07.240 GBX 7.851 475676 37345.32276 Off-Book XOFF P ECHO
2022-05-23T15:59:17.007 GBX 7.851 475676 37345.32276 Off-Book AIMX P AIMX
GLA
@CAW - couple of late ECHO's again tonight. Off exchange and not price forming.
Just shy of 3m since pre-suspension Friday. May get one more around 6:30...
24-May-22 18:07:22 7.955 8,244 Unknown* 7.50 8.00 655.81 O TCNP ECHO XOFF
24-May-22 17:44:14 8.066 31,214 Unknown* 7.50 8.00 2,518 O TCNP ECHO XOFF
24-May-22 16:57:04 7.55 58,869 Unknown* 7.50 8.00 4,445 O TCNP ECHO XOFF
ATB LB
Hi Tilly and all, 6m shorts closed yesterday when only 6m traded. Found a post from a while back and must be what is going on IMO
This may be a reason for increases- not at all sure as some of it way over my head. Synthetic longs! Warning best not read without brain engaged. May also be the reason we do not see them open on exchange.
‘There have also been suggestions that stock lending data is less useful or less relevant due to synthetic activity surrounding a stock. You can create similar economic effects using derivatives or “synthetic” structures without ever owning the underlying security – options and futures being obvious examples. However, remember that almost all meaningful synthetic positions will be hedged by the underlying issuer. For example, if a significantly large put option is created, the issuer will likely hedge that position by borrowing and shorting the stock. ORTEX stock lending and short interest data therefore also include data related to synthetic positions.‘
https://public.ortex.com/the-naked-truth/
Link to synthetic positions - synthetic longs being my thoughts but may be completely off the mark but increases don’t add up.
https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-position/
Options traders prefer synthetic positions because they are flexible and cost-friendly. For starters, synthetic positions can be used to swap positions when expectations change without necessitating the closure of the existing ones.
Secondly, once a synthetic position is already occupied, it is possible to shift expectations.
Thirdly, the flexibility of synthetic positions means that there is no need to make frequent transactions. In such a way, an existing position can be transformed into synthetic form, as expectations can change any time.
Equally, if a synthetic position is already held and there is a need to benefit from existing market conditions, an individual can simply make adjustments without the need to make a total change.
GLA
I haven’t been to Montana. When I signed up here there was a show on Netflix called the cowboys of Montana and that’s where I took the username from.
Kira
You are more likely to provide funds to the Russian government by filling up your car with diesel from UK supermarkets!!
https://www.examinerlive.co.uk/news/uk-world-news/sainsburys-stop-selling-russian-fuel-24022158
Montana (my fav Us state by the way from 27 visited so far)
The disrupters are as bad as the “buzz in the city” type of people which has been going on 2 years to be honest
But yes **** show is true between the war arguments and mega ramps and de ramps
Nothing factual anymore as nobody knows a thing ?
Just finished work and had a quick look on here and I can see it’s the same sh*t show different day!! Some very disruptive posters here of late.
Let me correct that for you:
"EUA, over the time I’ve seen you posting RNSs you occasionally through in snippets like this intimating that you have deal information circulating around the Company, but each and every time it fails to come to anything"
I bought a McDonald's in London in early 2003 which means I'm responsible for all the dead people in Iraq.
Kira,
So it's OK for the UK, Germany etc to spend BILLIONS on Russian oil & gas, (and to the best of my knowledge the UK will continue to do so until the end of the year!) But your moaning about a UK company giving probably 30 workers the opportunity to put food on their table and shoes on their feet.
Ah yes! A Russian mine. My money is where my mouth is. Not trading just accumulating ready for the madness to spread over.
Tilly,
Just thanks, much appreciated
PP
Cracker ;)
If it’s Norwich Tygra it’ll be Norfolk Enchants……
Wand - What does that mean? Thanks in advance
Wand
Norwich? :)