Member Info for B1nky

MSG4GO
“ . Softbank sells for 39p and is this good news? 39p! For me it is a disaster. Instead of seeing new investors coming in, we see investors being running out.”

SoftBank are clueless. They’re all over the place. Piling i at the top of the market on crazy valuations. Getting out at the bottom on equally crazy valuations. Possibly forced sellers.
I promise you, if SoftBank are selling and QIA are buying, you want to be on the QIA side!!!

Told you nothing was going on!!!!!
:)

So my immediate question is: we’re SB loaning stock? And if so, have they got it all back?

Great point. Could be the reason IG stopped allowing trade.

If shorts have to buy in. This could get squeeeeeezy!

Not sure anything is going on.
Was anything going on when it fell to 32p???
I’m hoping that this is just a return to common sense.
I did point out a few days ago that there has definitely been a change from selling the rallies, to buying the dips. We’ve seen that again today. We were down 1.5p this morning and buyers came in.
Long May this continue.
Finally, a very good point made by HH. Which I have copied and pasted for those that missed it:

“it bridges the gap so that daft valuations don't get too much credibility and reasonable valuations don't seem as unrealistic or far away. No-one will be talking about a 50p, 60p, 70p bid anymore, at least not for the time being :)”
So, whilst 46p is nothing to get too excited about, £1 is now far more realistic than it was only a few days ago.

Nice close. up 6.4%.
Above 40.
Good volume 15m, same as yesterday
UT vol. 1.7m
Roll on next week.

On the CPI sell off, someone was waiting to pounce and bought a few chunks.
First time we’ve seen this in a long while. ie buying the
dips, as opposed to selling the rallies.

Interesting price action since ws opened down 500.
Any theories???

There’s quite a bit of nonsense being posted about this.
All the big spread firms are still taking trades on THG. All allowing leverage positions to be taken.

Okehurst
Are IG taking trades or not?

Steveinhull
I try not to nitpick on these bbs. But
“In the US market, they are currently in a share buyback blackout period right now. That is due to end on the 25th of October”
I have never heard such nonsense in all my years.
An individual company has buyback blackouts prior to results. It is not a market-wide rule!!!

IB moved to 100%.
NOT IG!!!!

GGG. It happened today. ie went to 100% today.
But clients were told last week to fund the accounts by Monday of this week. So selling pressure was last week and Monday (for those that left it till last minute)
You are right, one could have shorted the stock, hoping that some clients were fully extended and were forced sellers. Bit risky though shorting a stock that people were queuing up to buy at 170p, at 35p!!!!!
: )

Furthermore the 5.5m trade was more than likely to be IB getting out their clients’ positions.
They would have given clients a deadline to fund accounts. Those that didn’t got stopped out. And then they sold the accumulated position into the market in one go.
I suppose this is mildly positive, as it’s not insider selling or IIs getting out or increasing shorts. It’s basically forced sellers cutting. (Hopefully at the bottom).

2phevs.
Yes. But IG shows 96% clients are long.

Samb. Did you mean IG or IB?

GGG
If you bough £100k of stock on margin of say 30%. You’d have to put up £30k. If they then increase margin to 100%, you’d have to find another £70k to maintain the position. If you can’t, you have to sell. Or sell 70% of your position.

Clients would have been warned that this was coming. Maybe this is the reason the sp was so weak Friday and Monday. Forced sellers. Not able to post the required margin. Also came on days when the market was weak.

) ..or, there is a serious warning on its way.

They gave no indication of that in the last set of results and subsequent conference call.
If there is, it is either deliberately misleading (criminal) or they don’t know the state of play (v worrying).
I can’t believe CA would let them mislead the market.

Down 3.5% already.

"The worsen situation between Russia and Ukraine.
The worry of nuclear war"

So FTSE is down 0.4% and THG down 10%?
The war is 25 times worse for THG than the rest of the market???
Great input!!!