Member Info for bigsmoke

??? And Conner is?

12-Jun-20 17:05:47 105.005 856 Sell* 105.20 106.80 898.84 O
12-Jun-20 16:59:05 112.387 2,070 Buy* 105.20 106.80 2,326 O
12-Jun-20 16:58:00 111.537 3,590 Buy* 105.20 106.80 4,004 O

nov - i agree with first part. have just explained that to some Metro-ers.
understand your decisions, and would have done the same. but, heart over mind, once again.
i await our resident seer though. as the prophecies have a backstop.

good for you, jimjam. Deo volente. there was a man who built a barn on similar expectations. he died that night.

mr dog , i know exactly what you are saying. this time, it is on steroids, and it is not over yet.

great advice jimjam - didn't you ask the other week how people know where to look for the short update?

Cud - As i read it:
on one hand:
- there is potential for organic corporate news - consisting of FCA investigation finished and A/IRB granted. the support for that theory is (as you know) the terms and conditions of being a CIBLS broker - which we know, Metro (as of this week) now is.
- there is potential for in-organic corporate news - (1) Marcus UK has hit the buffers. Source - recent news. US banks coming to UK to challenge deposit market. Des McDaid on record preferring clicks and bricks mix. acquiring Metro is an easy workaround and brings a number of other benefits. (2) JCB playing his hand. Source - RNSs and recent news. (3) others. TBC.
on the other hand:
- the best time to run a pump and dump is when there is circumstantial evidence to support a number of theories which might be true. but are not.

cud -
"AS in have they sold another 2% or borrowed another 2% ready to apply on other days?"
i read it - they have sold 2% more - as of COP thursday. one or more likely closed up / reduced some this morning (likely ENA) - as i think the algo stopped around lunch. if so, ENA has put odey and voleon into the doo doo - IF, and big IF, news arrives before Monday 8am.

matlots research into accumulation still holds. say, GS accumulated 8 digits again (per March) and then lent to shorts (kinda like March) then that would reflect 2% loaned and shorted. Now, if they are subject to recall rights - and GS are working for themselves or JCB or other, then they make money from shorts, make money from cheaper accumulation (round three), and can go long through instruments.

tend to agree with that, mr dog.

cud - my reading of below, is sold.
as said, we don't need a regulation over borrowed or secured unless it affects the market (IMHO).

thanks t, that should ahve been on the FCA website!!!

"Key Takeaways
- Net short refers to the overall positioning that an investor has in their portfolio, whether it be in individual securities or across asset classes.
- Investors who are net short benefit as the price of the underlying asset decreases.
- A net short portfolio has more short positions than long in terms of overall value, where the actual number of positions is not as important as the value they represent."

https://www.esma.europa.eu/regulation/trading/short-selling

The Regulation means that in relation to the short selling of shares and of sovereign debt instruments and the taking of sovereign credit default swaps positions the following requirements apply:

All short sales of shares must be covered by either having borrowed them, having arranged to borrow them; or have an arrangement with a third party confirming their location (i.e. naked short selling in shares is now banned);
All short sales of sovereign debt instruments must be covered either by having borrowed them, arranged to borrow them, or had an arrangement with a third party confirming their location or that the trade can be settled when due (i.e. naked short selling in sovereign debt is now banned);
All credit default swaps positions related to a sovereign issuer must have an underlying exposure to the risk of default of that sovereign issuer or of a decline in the value of the sovereign debt of that issuer (i.e. naked sovereign CDS are now banned);
Central counterparties providing clearing services must ensure that there are adequate arrangements in place for buy-in of shares as well as fines where there is a settlement failure;
Mandatory transparency of net short positions:
significant net short positions in shares must be:
reported to the relevant competent authorities when they at least equal to 0.2% of company issued share capital and every 0.1% above that;
disclosed to the public when they at least equal to 0.5% of company issued share capital and every 0.1% above that.
significant net short positions in sovereign debt must be reported to the relevant competent authorities when reaching or crossing one of the thresholds published by ESMA for sovereign issuers.

Exemptions are available for market making activities and authorised primary dealers.

"The Short Selling Regulation (SSR) introduced a private and public notification regime for investors who hold net short positions in certain financial instruments. "
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

"net" + "instruments"

then the information isn't of a certain classificaiton.

can't say until market closes?

cud - happy to be corrected, but, yes. they have reported that their "net" position is up c. 2% overall. so, they are 2% more short. that might not mean that they sold that many shares. it may take into account the effect of the instruments they hold. will need to dig into this.

could be GS accumulated (again) - loaned out with recall rights.

cud - remember the reported position is "net" short (i think). so they might have sold and bought.
yes, i think they dumped, or rather appears that they dumped 2%, on a particular bad day.
Connor reduced. a positive.

"matlot not around.. Interested by his take on the weeks events."
i expect matlot will say this is exactly what someone was planning. stall the RNS (both holdings and IRB - mind you), allow the shorters to ramp up, release news and watch them burn Monday. well that is what he has presented here,