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where did find that 800 trade...
Oooh nice. Maybe we will have a Tuesday morning RNS.
800 just paid - massive trade gone through
Then if we get a nice juicy RNS on Tuesday morning, the shorters burn and struggle to get in. Perfect.
Will,
Could be the Friday sell off... sometimes happens / sometimes doesn't. Could also be the shorts pushing for a lower closure on larger volume before buy back. Doesn't change the investment case here IMHO and next week I have every confidence we will be much much higher again.
I've just added another few thousand... not concerned in the slightest :-)
What trading pattern? all gone wrong today SEAQ caught most out today...even me...catch a falling knife aint halftrue..lol
S7,
Exactly! LOL ;-)
S7
That’s exactly what I said and understood. But I think having read other posts that Yorkshire was alluding to them trading both ways I. E. Selling on the high and buying back more on the low thereby returning the shares borrowed and riding the additional shares back up again, which does make sense, borrowing them for a premium and then not selling them does not however make sense to me as someone else alluded too
Another example... (no longer around) was Virgin Money... always an excellent trading share due to the shorters - who were forever challenging the companies claims... up until the time it was bought out at a premium of course! LOL :-)
True. Another point is that pension providers like legal & general will short or borrow stock as an insurance. eg hedging their bets. Many people disapprove of it and I seem to recall Trump banned it for a while in financial services companies. But it has been around since time immemorial and if you allow going long the corollary must apply.
YL :-)
I agree Bruce,
I NEVER go short personally, but understanding the mind-set and playing the game by their rules is the only way to "consistently" make money on stocks these days.
It used to be that you could do your research... buy in and come back a year down the line to count your profit.. those days are long gone!
add 1000 @ 759p
This is definitely a trading share. However you don't want to get caught a miss the boat. 900 to 750 and potentially back again. Collect all the free shares!
Surely when shares are borrowed they are not sold by definition. A premium is paid to the lemder. . It is very dangerous to go short in a big way as theoretically the sky is the limit on losses. Whereas going long the worst you can lose is your stake.
Getinthere,
Shorters invariably prefer to work shares that have underlying value (despite being dented temporarily by bad press or spurious claims) because they can not only ride to profit as the SP crashes, but they know when they sell back into the market and go long... they get a free bonus ride all the way back up again. Big institutional shorters play this game all the time. For instance: they've been playing the same game on IQE for as long as I have been trading there.
I thing YL means eventially the shorter will go long ?
Likely to back to 790s before close.
Yorkshire
Please forgive me if I have misunderstood but my understanding of shorting is that shares are borrowed from holders and then sold at what the shorter hoped will be a high price, the shorter then buys the shares back when they drop in price, if the price goes up from the price they sold at and they have to buy back in order to give the original shares back to the holder they borrowed them from, then the shorter makes a loss, so I do not t understand your comment about how shorters like stocks that will go up ?
Topped up @ 760p..gl
Reported peddle, go somewhere else promoting your pump and dump
NT online again so order filling mode
SteveGobs, 1) good luck 2) stop trying to sell everyone PRD.L
Hi Will,
I've built up a holding here and trade 30% - 40% of that holding daily on the spikes. Never caught the absolute top... or the absolute bottom yet... but been close on a few days.
Trying to maintain a larger holding just in case an RNS lands and we head skyward to where we should be right now over £10 at least IMHO.
That's why the shorts like this share... they know it has great upside for when they buy back fully!
Yl ;)
You trading then for 3% ....daily..been like this all week....lol