Member Info for 5eightsaccount

When ITV exited the FTSE per their market valuation on 2nd September and courtesy of the antics of GS over the Summer, the share price was 57.06p and the company was ranked 142nd in the FTSE all share index.

As of Friday November 13th last week, take a look at this (oh dear GS !!) :-

http://www.stockchallenge.co.uk/ftse.php

as well as the Uncrossing trade could be very interesting this afternoon !

Most reported trades so far are via the order book and meaningless.

Loads of good chat about ITV so far this morning, will be interesting to see what happens later.

Here's something else to keep the momentum going :-

https://www.itv.com/presscentre/press-releases/itv-and-facebook-join-forces-promote-portal

ITV - Market maker instructions for trading 13th November 2020
(ahead of Sunday’s bid announcement for ITV ‘the company’)

1. Mark up ITV shares on the 08:00am opening to reflect media coverage and broker upgrades.

2. Fill institutional orders to normal market size only (15000 shares) add a few pence here and there on larger buy orders and for clients you don’t like.

3. Shaft all private clients (especially Daily Mail readers) and day traders with prices above the market price regardless of the order size.

4. By 10:30am, most buying interest will have curtailed, keep the order book price around the same level for a few hours by rotating buy and sell orders accordingly (churn).

5. At 1.15pm, when no-one is around, they’ll either be at lunch, watching Cheltenham racing or back stabbing their colleagues. Stage an algorithmic ‘flash crash’ in the order book. Take out all stops no matter how low, grab all stock and move price back again to its previous level as in note 4, act as though nothing has happened. Pretend you haven’t seen it if asked and act horrified when you do appear to see it for the first time.

6. 14:30pm – 14:59pm, satisfy all US buy orders no matter what size (they pay your wages at the end of the day !).

7. 15:00pm- 15:29pm, start to call the price down, just nice and slowly so as to not cause too much alarm in the market.

8. 15:30pm – 15:44pm, start to accelerate the down move to induce fear into the day traders, all sell trades to be executed below the market price. Keep them talking on the phone for as long as you can whist the price drifts further South, maybe ask them about their weekend plans etc. or tell them that your computer is playing up as usual just before the weekend.

9. 15:45 – 16:00pm, ramp up the downward shift to register a negative move on the day for the stock (if anyone asks just say its ‘end of week profit taking’ ). This should scare all the Daily Mail readers into taking a loss before the weekend (you can tell them that there’s a rumour of some bad news at the weekend, for the fun of it if they ask !).

And finally,

10. Shove all the big buys and earlier large trades of the week into the final Uncrossing trade of the day. It’s Friday afternoon, no-one is paying a great deal of attention as everyone is too busy planning their weekend. Job Done.

Great work team !

Just 13m odd shares traded (or reported)...............??

Yeah, right, pull the other !

I mentioned last week, that GS et al are fast running out of options to fleece the weak holders of stock and with the events of Monday throwing a huge spanner in the works, their hopes were resting on a very weak and subdued statement from ITV, oh dear got that one wrong as well !!

By holding the stock at 90p and trying to give the impression that the numbers 'were all in the price' is not going to fool anyone but the business team at the Times newspaper. They have been suspiciously silent, we didn't even get their clockwork numbnut bit of research on Sunday as we have done for the last five years ahead of ITV numbers. But then again as I said before there was no Love Island this year.

Maybe next year then.

OK, so we have existing holders of ITV looking to top up on any price weakness and a break above 90p will see new buyers and also index fund buyers, as ITV will be on the verge of automatic FT-SE re-entry at anything above 90p.

What will GS et al do now ?

Media coverage will be bullish as well, here's the first out of the blocks :-

https://www.cityam.com/itv-forecasts-advertising-rebound-after-covid-19-slump/

Looks okay to me and no horrors in the statement , advertising on an uptrend which the market will like.

A lot more positive than the August interim statement, lets see what the market or what GS want to do today.

I've left buy limits on just in case.

Good luck team.

The market wants to keep a lid on things at this level but there's a lot of buying momentum here and I doubt if 90p will hold today.

Nice, the good news keeps flowing !!

Morning all, get ready for the fun and games today and tomorrow. Market won't know what to do now, call the stock down and it will only attract buyers as it did yesterday around lunchtime, some 7m delayed buys went through late after hours yesterday.

Interestingly, market cap of ITV at 90p is around £3.7bn which kept ITV in the FSTE back in the spring, could it be that we will also see the tracker funds returning in advance of the news ?

Moved my buy limits to 78p - 83p as we will not doubt get locked out first thing tomorrow morning.

Onwards and upwards team !

So we are led to believe that GS reduced their 'holding' in ITV from 10.72% in total down to 9.94% or in share terms a disposal of 31.4m shares.

And now look at the total share volume traded on that day 05/11/202 as per the SE website - 21,735,997 shares !

Oh dear, not more trade reporting issues and especially as some (not me) still believe that Liberty have a holding of 9.9% !

Wow, what a day that was !! Caught everyone by surprise including our friends GS !!

What do they do now to shake out the weak holders especially when there was talk this afternoon about funds looking to buy UK recovery stocks and ITV being touted as one of them !

The only way that GS et al can shake out the remaining weak holders and profit takers now I reckon is on Thursday regardless of the numbers reported, they will most likely cite the trading statement as ‘much worse than we were forecasting’ and to try and instil a bit of fear into the price to collect shares.

I am leaving buy limits on this evening at 81p down to 75p GTC just in case, I mentioned about being locked out of the market last week and looked what happened today, most private client trading interfaces went down at lunchtime. Quelle surprise !!

In addition and as a side note, just looking through some of my old ITV notes at the weekend and whilst a couple of old web links no longer exist, this one from 2006 still does.

I wonder if it will be the case of history repeating itself, as it often the case:-

http://news.bbc.co.uk/1/hi/business/4863848.stm

Lovely, just sit back and enjoy the ride team !!!

We know that the so-called 'analysts' at the newspaper have an unhealthy interest in Love Island and always knock ITV ahead of its numbers, so here's the link just copy and paste to save time. Or maybe this time round, could it be the case as there was no Love Island UK, they are going to target Spitting Image instead ?? (And to think they get paid for their column inches !)

https://www.itv.com/presscentre/press-releases/love-island-reaches-20th-territory

I've got my buying boots on, bring it on !!

I'll be watching these like a hawk tonight, already up 8% on twice the normal volume !

https://uk.investing.com/equities/itv-plc-historical-data

Some more good news out this morning as well as the excellent trading statement from STV out earlier;-

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201104:nGNX63kTlW

Nice !!

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201104:nRSD2111Ea

I mentioned a few days back that I believe that GS et al now hold over 50% of ITV shares and will look for a last massive tree shake to flush out the remaining weak holders, perhaps tomorrow morning.

I've just had a look at the latest shareholder list as of 31st October 2020 and take a look you will see just 20 Institutional investors hold 31.82% of ITV shares, this is excluding Liberty. Just click on 'Institutions' from funds and you will see the holdings presently, 50% of them are American companies :-

https://www.morningstar.com/stocks/xlon/itv/ownership

Just put on a few buy trades for tomorrow from 69p down to 65p. Doubt if they'll get hit but if the market is all over the place in the morning you'll find that you won't be able to access dealing platforms as is always the case when there is a lively market first thing in the morning.