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Yes, I find surprising too, but like I’ve said, most of the EM mid cap stocks are recommended by junior analysts at these big firms so they probably were trusting the financials as is... regardless, despite the large $ invested, the NMC position is less that 0.5% of their funds do not a big loss.
...After his daughter was abused and he decided to moan about it on twitter instead of dealing with it like a man...
I have the converts 2025 (most liquid one) up from 50 to 55.7 yesterday and up again today to 56.5
Fully agree with TQ here. Trade at your own risk. But never rule #1 is to not put more than 2% of your capital on any one trade.
Well we’ve been told the shares have subsequently all been sold as “enforcement of security” ... i.e. a margin call
With all due respect buggerrov, it’s not bragging when you provide entry levels in real time and give free trading advice for people to trade off and help them try make their losses back.
Long 8166, sell at 8963 = 9.76% at 10x leverage = 97.6% return
Short 8946, cover at 8538 = 4.56% at 10x leverage = 45.6% return
So almost treble your money in 3 trading days.
Boom! 50% made and booked. Goodnight.
Stop to break even. Free trading advice. Levered 10x on my index short, so that’s 20% in just over an hour.
Garbage was your post about the fake “new” governance committee, after which you ran off like the little b*tch you are matt Cookson!
It’s Arabic, not Arabian, you ignorant tw*t
Lol true. Waste of time discussing this now. I’m off.
Plenty of others are soaking the bond up!
Davidson Kempner Capital Management The latest
FWIW, I think we get another test of the lows, so short from 8946.
Just closed out my trade from Friday. Nice chunky profits - hope some of you got this.
Other predictions
28 Feb 2020 16:37
moving stop to breakeven on Nasdaq - 8166 on NDX (US Tech 100)“
Because The ADR, like the bonds, are OTC traded, and not exchange-listed. It’s good to see them react but don’t read too much into the ADR as it’s not always a good indicator to the London listing
But NOT IN ftse 100 tracker funds *
Yes, they are, but in ftse 100 tracker funds!
If you just go through the shareholder list state street and vanguard hold less than 5% of nmc at this time.
Good find.
He won’t get the quoted valuation though as everybody knows he’s a forced seller.
You mean IF we resume trading?
Look at the shareholder list, none of them are index funds aside from perhaps vanguard or state street, and even then I’m not sure which of their portfolios NMC is held in.
ETF Trackers are not big holders of stocks like in the US, so impact is not normally that major.
“ there will be some selling by index funds “
Really? While it’s suspended?
How much do index funds own of this? I’ll answer that for you - hardly anything.