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Very interesting to see if Maven were in the book.My guess is they probably were.So if they shorted early on Wednesday for an average of 7.4p they were certain they could cover at 7p and make a quick and certain 5.5%.As it is they can now cover at 6.6p,even better, but will have to take up their book order at 7p, unless perhaps they only cover say 50% of the short with their book ordering the rest down here in the market.
Given the very poor quality of the book last time, the above scenario looks very plausible to me.Once again the spies have got into the placing book.
That’s a great find watcher, it explains the drama. It will correct itself as buyers wise up to the opportunity
cryptos... oh it's getting late
ATB
djryan777
yes... really shorting should be outlawed... what does it give to anything? apart from some liquidity... also do crytpos and that market is plagued by them some stupid macho thinking, rather it go down 5% than make 500% = idiot thinking.
hope hzm picks up!
ATB
Thanks, appreciate the feedback.
Still learning here.
I just had another look. It’s based on the FCA’s daily short positions report, which seems to mean it’s very up to date.
The requirement seems to be to report net short positions, so short positions to hedge a long position wouldn’t count because your long position would count against the short.
I wouldn’t have thought so. You wouldn’t short shares to hedge a long position, it would be cheaper and easier to just sell some of your stock and get exactly the same effect.
If you wanted to hedge a long position you’d more likely buy put options or use some other derivative.
Mind you, I don’t know how that shorttracker gets its info or what it counts as going short. Maybe it includes derivatives somehow.
It would be pretty impressive if shorttracker already had data on a short position taken after the announcement.
I'm no city financial whizz but could they be hedging a long position?
T_w,
Well found that piece of info on the shorting .
Well we know Maven will have to buy it back at some point too
I've learnt not to pay much attention to boards like this after a major piece of news. The de-rampers come out in force, so I let the dust settle then take another look. As far as I can see HZM have transitioned from an explorer to a mine constructer on a major scale. No small feet and what it tells me is HZM are a very well run company, Tech, Glencore and others think so and they know there beans inside out. In my opinion good things lay ahead for patient long term investors. Just ride out this storm and ignore the bull****** who always come out the wood work on major RNSs. They are out for themselves and no one else!
I agree rover, it does always feel rotten. It's even worse when they not only short but try and bring about a fall at the expense of others. The idea that there would be professionals whose task it is to swo discord and doubt is pretty nasty.
In shares there is nothing I hate more than the whole process and the thought that they wish failure on a company just to make a few £s.
I hope they get burned big time.
Odd......their research into the company solely relied on reading this BB yesterday I guess.... :)
Yep, that's why we had negative newbies here over the last few days. Shorting based on uncertainty and then flooding BBs, Twitter and chatrooms with half truths and nonsense. Sadly a lot of people fall for it.
They are like parasites, that's why I got so shirty with a few over the last few days.
First time shorts disclosed. Explains a lot.
https://shorttracker.co.uk/company/GB00B11DNM70/