Member Info for Bluelight

Such a volatile share but I guess that's why we love it eh. What will it be tomorrow I wonder 10p, 30p, who knows. Step on up ladies and gents and roll the dice.

Shaking the tree, see what low hanging fruit drops down

Nice, managed to get some more at 16.25. Good start to the day

Don't see it holding 150p today. Too nice a target for mm to drop it below and stop people out.

https://www.bbc.co.uk/news/business-48506032 Not sure how that will impact on Kier, but it is the biggest investor...

Bonds up about 10% today so debt market likes the developments.

Ha no. No ties to TCG at all, I work for an energy company hedging energy, so part of that role is understanding oil markets and its impact on energy commodities.

Indeed, I'd suspect oil will stabilise around 60 with an outside chance of dropping to 55. Personally I'd expect a retest of 70 once the Donald Duck show quietens for a few days, so would be good timing to lock some in for TCG. 90% hedged Win-19, 34% Sum-20. So plenty of scope to make some significant savings on Sum-20 hedging.

I understand hedging mate, as that's my job ;) They wont save on Sum-19 but Win-19 onwards hedging is not fully hedged, so any trades at this level which they will be doing will lower their average fuel costs (obviously depended on what their weighted average is so far).

Also worth noting that oils lost around 25% over the last week or so, so any hedging TCG does now will significantly lower their fuel costs and increase profit accordingly.

He no longer has an account by the looks. Funny what losing all your cash on a short does to you...

Seadoc. Out of curiosity as I'm not familar with the intricacies of shorting. Does your short come with an inbuilt stop loss, or does it just continue until expiry but with margin call requirements when it moves up?

Not usually one to give advice to shorters :) But I'd be extra careful shorting here, particularly if you are already short. It's effectively doubling down. When it works great, but it requires new negative news to drop TCG (as all the negatives are already well known), and once these bid details emerge it will cause an additional leg up. I don't short, but if I did I'd be looking for around the 32/33 level to take a short position.

Id suggest it's not that they are unwilling to lend what they can, I'd suggest those willing don't have anything left to lend. Short interest is very high (and most of those shorts are loss making as they were taken out recently), and there's only so many shares available to short. You might be able to pick some up usually in a falling market as shorts take profits and new shorts pick them up. However in a rising market, and more importantly a positively developing market those shorts are not in profit so those shares are unavailable for other shorts to pick up. So you have a very high short position a rising market, and underwater short positions. That has all the makings of a big short squeeze coming. Any news and those underwater shorts will no longer be able to hold, so on top of investors buying developments shorts will be competing to buy them back. Just my thoughts, but looking forward to the fireworks.

Personally I keep my core holding for multiple times my investment returns in the future, and day trade the intra day swings (buy on dips and sell later). Making an average of 8% a day on my day trades at the moment. Add that to the long term holding and its a pretty penny so far.

Should ask yourself how many people sold out on the way up from 10p to 120p last time... Imagine they were gutted at the end of that run. No interest in selling anywhere below 40p myself.

That's interesting. I wonder if that's because shorts are underwater and unwilling to take a loss so are holding onto loss making positions meaning none are available? If that's true further jump ups could really cause a sharp short squeeze. generally curious about that, could be interesting next week.

That's twice in a row now brad you've put on a short only for it to jump up 10% within an hour or so. Please let me know next time also as I do love a good 10% intraday upside. Cheers

I also believe the chairman stated that the funding was Not dependent on the sale in his comments. Either way you look at it the funding is there regardless of the sale. We can agree to disagree but in the end I always go with my own interpretation which is correct.

You said shorted the same at 15.2p at lunch on wednesday Brad so either you are massively under or you are talking complete garbage, I will go with the latter.