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FAO Earache... I didn't even need to use Google I read it all from the RNS like a big boy!
I don't pretend to know everything but as far as I know a "buy" in short terms means the short is closed as they have bought the shares now which is how a short is closed. No need to shoot the messenger a quick read of the RNS and you would have seen it all for yourself!
(d) Date dealing undertaken: 19 October 2020
0.1p ordinary
Buy
632880
0.31266 GBP
Earache,
According to ferg.gg "this short closed yesterday @31.2". Do you really think so? How do you know? Baseless BS, else why wasn't the RNS issued at 07:00 instead of at 11:53? UBS colluding with the markets, eh? Ha. Doesn't the timing clearly suggest the trade was this morning. Don't bother with your usual abuse for someone who disagrees with you.”
You are an absolute moron. The RNS clearly states the transaction was yesterday. You know nothing, you mean nothing, you deserve nothing and you should deactivate you account in shame.
Jeez what an absolutely pointless muppet.
earache - except it does say that the date the deal was undertaken was 19th Oct.......so that would be yesterday as opposed to today, why it was only just shared is unclear, but I guess they are not obliged to do it first thing.
gonna pop any minute ! must be stressful shorting this bad boy lol literally taking your entire financial well being into your hands and play Russian roulette with it! too scary Mary for me especially when there are way easier and less combustible shares out there ! Each to their own
Sharpeye, if they had taken out the CFD via UBS we would have been notified via 8.5?
newbie shhhh if you say the richard the thirds name to often it will bob to the surface and then no amount of flushing will shift it :(
No problem raharh, Contract For Difference. A CFD is effectively a bet on the direction of a share price without taking ownership of the share. The benefit of this is you can trade in either direction and profits are (generally) tax free. The downside is the spread is usually significantly wider than standard trading. I use both, I buy shares to invest and use CFD's to trade, sometimes even on the same company, effectively hedging.
I wonder where our financial advisor Purchase has disappeared to. Cat got your tongue has it?
Yes raharh, imagine if you opened a short and then the sale RNS lands. Could literally bankrupt (jub) you as there is literally no limit to how much money you can lose when shorting as the price could rise indefinitely and never go down below their opening price. Takes either balls or massive stupidity or both I guess!
Like Sharpeye said we wouldn't know what price, what we do know is last time a short of a similar magnitude was closed the share price went north. They could either be cutting their losses or someone clearly knows something is about to happen and hence they closed the short.
The last time, the MMs were dropping it as low as they could, I believe we touched 15s briefly, so it could indicate a last minute smash and grab from weak holders before the big news drops.
Whatever happens from here on in, I am full belief that this sale is pretty much in the bag and that it will be above £1. All the evidence, the recent RNSs, the strange behavior from the BOD at certain points.
more news to come !! just saying shhhhh :)
Thanks Sharpeye - so in essence shorts being closed is good as the 'opener' of the short thinks it is bottoming out and doesnt want to get caught.
Now googling CFD :-)
raharh, it was actually a CFD so no need to borrow shares to short. But the rest of your assumption is correct and no, we wouldn't know what price they opened it at.
cluelessinvestor - could you help me out a bit on this one as I still have not got my head around the differing 8.5s that are issued. And I am a basic trader at the moment (i buy shares i think will go up and sell them when they do or when i no longer think they will - that is about as basic as it gets)
So away from the massive RNS for sale.
On a short such as this it is indicating someone buying 632,880 shares at 31.266p - and settled as a short.
Does that mean that someone opened a short position selling someone (or organisation) on EUA at any price (betting it would go down) and have decided now to close that position and provide the purchaser of that short the shares they promised.
However - we dont know what the short was opened at - at 35p the person closing the position has made a profit of c.4p per share, if it was opened below 31.2p then they have made a loss but are judging they could lose more by holding out (especially if the sale goes through)
Is that correct ? And is there any way we know what the position was opened at?
Or am I still not getting shorts ?
Apologies to the experienced investors, every day is a school day on here.
What a shame it wasn’t a really positive RNS which took the sp up 10p, it would have caused the shorters a lot of angst.
ATB, Pete
I think we are very close to that magic life changing RNS now
Makes my yesturday top up sweeter as well :)
The short closed yesterday @31.2p so technically they jumped the gun a bit and missed out, which makes it somehow a bit sweeter lol.
Set up a whole new account to have another one filter binned. One person, or a group working together to get the world record in green coffin accounts lol
GLA
Ah yea that makes sense lol, sorry had a brain fart for a moment there
What’s the possibility it’s been taken down to allow the short to close? Can that happen in this honest stockmarket world? :-)
You set up a whole new account to say this? Good one
Timing is very interesting.
That’s not been closed accidentally. Not going down. Interesting now to watch the sp this aft.
Was about to say the same Guitarman.