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The hedge funds will have cashed in and started the next pump. They control the timings.
The shorters will have their fun in the sun manipulating the share price to an unrealistic value based on all the fundamentals. However, the time will certainly come when something will make the share price rocket and we will be laughing at the shorters all the way to the Bankruptcy court.
Tom, ITV is down because of shorts. There is not enough buying momentum because of the macro factors. Little bit of negative news on inflation or on war, bears/short sellers are pouncing taking the prices down not just of ITV but almost all good UK shares. Just today on Bloomberg, the article mentions about the short sellers pounced ending the market rally. Just go on Bloomberg and you will find the article on home page with article titled as "Stocks sink as short sellers resurfaced"
With dividends in place, I can't see ITV going down too low. It is an opportunity now to buy low again. Like you said I think bears are not letting this go above 75p. By end of August ITV could be back to 71p+ or even before that. I will add more next week.
Worldcup is coming up in November so that should help ITV do little stunt to go above 75p.
On a brighter note @BournemouthTom if your predictions are correct, there'll be plenty stuck at homing watching TV, if they can afford the electricity lol
More nonsense. More unsubstantiated allegations that you can never backup. I have been very open here. Very transparent. I am a private investor. No connections to any investment companies, banks, hedge funds. I could not even tell you how to go about arranging a short. I just use my trading platform to buy and sell.
Happy with your position? You lost a huge amount of value in the last week. The warnings have been here for weeks/months. There is no sudden game changing news here under the current Dame. Her one big idea ITVX crashed the share price. The only thing coming over the horizon is a huge debt crisis in China, energy prices crashing and consumer spending and jobs stagnating at best. ITV will not grow revenues for a good few years.
This share can very easily return to covid lows.
Tom, your posts are entirely consistent with being a shorter. However, I'm always happy to hear your carp. I doubt if you're with one of the big shorters, maybe just shorting on the back of their shorts. Maybe even have some citadel contacts? Anyway, I'm happy with my position here, thanks.
You thought it was a gift at 74p last week and you have lost heaps by holding. I sold at 73.40 and am waiting for low 60s and maybe even 50s before buying back here. I can see the risk which you seem oblivious to.
Tom, if you think that small investors are executing 1000s of automated small trades every day then you are mad. It is manipulation. That said, I still believe we are being handed a gift at this price and I will take advantage of it.
The share price is being manipulated and Elvis lives......
It could just be that nobody but a bunch of small investors have any confidence in this share. As a result it drops faster than a turd.
I actually said that shorters need to close at some point and they will mess with the share price. There have been substantial net buys since te results and the shorters have needed to sell more to drop the price. They still need to buy back a significant number of shares. The price is being manipulated, end of.
Waffle Waffle Waffle. Shorters this. Shorters that. More unsubstantiated nonsense on this board?
How about Rydiculous follows up from his/her post a week ago where they promised the share price was going up and shorters were suffering. Share price is close to 10% down since.
How does it feel to get it so wrong? Perhaps making predictions is possibly not for you?
Did anyone call 75p as a high last week?
Thanks Papucel for the link. Very useful!
Looks like my calculation of £3M for Citadel seems to be correct...
That page also shows that they made loss of £2.7M on ITV!
I started buying here again this morning! A big thank you to the shorters for selling it down to a stupidly low price again! Will be buying slowly and often to get a nice average over the next month, before ex divi day, for this tranche.
here you can see all the shorting positions, closed and still opened
https://shorteurope.com/history_company.php?selskapsnavn=Itv%20Plc&land=united_kingdom
as well as the profit/loss on each position
Not entirely correct as these are two different companies, as they report separately. A couple of weeks they dropped below .5%. You can't tell how far below. I reckon they were deliberately staying just under the reporting range to make it look like they had closed and encourage buyers.
Not exactly transparent!
Citadel short % is 1.41%
Total issued shares for ITV is 4bn so 1.41% is 56M shares.
Price they stared to short is 74p so they borrowed 56M * 74p = £41M ! ?
Those 56M shares now worth 56M * 68p = £38M ?
So it is £3M in 2 days this week.
Repeat this every time it goes to 75p!
https://www.shorttracker.co.uk/company/GB0033986497/
Blackrock too
Citadel upped their short last 2 days this week.
Why don't they close now as it is down to 68p and go long so that we all benefit together?
These morons who short should get burnt badly one day.