Member Info for contrarian123

Not really look back in July when price was in the 80's. Buybacks were happening

There are exceptions and I suspect the plunge protection team are out today buying

It is generally prohibited for a UK company to continue share buybacks once a bid approach is in place, particularly if those buybacks could frustrate the bid or change the shareholding structure in a way that affects the fairness of the offer. However, there are certain exceptions, such as ongoing programs or with explicit consent from shareholders or the bidder.

If a company continues buybacks in a manner that violates these rules, it could face scrutiny from the Panel on Takeovers and Mergers and may be required to stop those actions or face penalties.

A 90p bid for a premium of 30% requires a price of 70p. The buybacks have stopped for quite a long time which means either they are dragging it out to results or something is up and they don't want to risk an investigation from the takeover and mergers panel. I think they just simply want to drag it out as if there was a bid brewing we would see more volume as these things always slip out.

If there is a peace agreement ITV certainly does not care about it. The people that do care about it are Rheinmetal (down) - Chemical companies in Germany that rely on cheap energy to be competitive (up) and dutch TTF (down). At least your houses in $hithole Britain will be warm while u wait for ITV to recoup your averages without doing so much as trading it.

Plot twist McCall comes out on results day and says we will defend any bid vigorously - Share plunge ensues lol

Treat the shares as cancelled - It's more witchcraft from Pogo. If they are to be used they will be used for the company share incentive plan. In truth this will move on 2 things. A bid, a rumour of a bid (and we all know what result these rumours bring) or McCall leaving

Neither the volume yesterday nor today are anything to go by. Who bought yesterday and today? Pogo did you sell some to cover your loses or have you plunged another quarter of a mil big boy?

In the interests of fairness the area around 75.4 - 76 looks like a good place to see if this pullback is just that

Glad I trimmed down my long yesterday.

The hourly chart looks like Pogo's dinner. Perhaps the plunge protection team with their buybacks will come out today to save the day until another media story about a bidder. This is a lesson on how to make about 11M last for the buybacks until results day.

Twice a day broken clocks are correct - Pogo while u wait I trade this dog actively and have made more % points being long and short than you ever imagined - A Phyrric victory let's see if ur unicorn is true.

In the interests of new readers thinking they found the holy grail of traders here. Pogo is an imbecile who according to his words has in excess of 400000 thousands shares in ITV only has nothing else in his portfolio.

I suggest to people to read a book on investing and for the love of what's holy to you, do not be an imbecile and spread your eggs. The chap is a degenerate gambler and needs help and addiction advise

There is no stock and the monkeys are buying - hence the rise suits me well. Off loading some from my long at 63p - Couldnt resist

Considering buying Formula 1 broadcasting rights. Sadly no small change to buy ITV's production arm lol. Keep waiting for a bid to exit your positions. How many years are you counting now?

Another bed sheet proportions post from Tolstoy here.

My 1:5 leveraged short position in ITV is up and I can tell you it is no small change as I doubled up at 74.9. I have said in previous posts that ITV needs to break convincingly above 76p to change my views here and any technical trader would take the position short around there because that is what the probabilities dictate. Worst case scenario would have been to take the loss, after all my shorts are 300bps of my long position from 63p and an insurance hedge, pay the premium and consider adding to longs once we had a breakout of 76p a dip and successful retest. This is what traders do.

Monkeys like Pogo have a lot of theories and war time stories and like the mugs they are place all their eggs in a single basket. I have a very diversified portfolio with 30% defensives and then anything from a little tech as I think it is overpriced now, biotech, emerging markets with a focus in latin America and especially Brazil plus others. My UK exposure is fairly limited because UK is an absolute dog's dinner.

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UrAnus what are you on about? Of course you have to put down margin. When you buy your ITV shares did you buy them with an "I owe you" ?

The naive of course thinking oh the BoE dropped the rates why is this not going up? Sell the news numpties. UK is a $hithole

Expected price 76.75 based on what? Hopium? Adjust your diagonal lines and start looking back to July. The trend is your friend. My short is acing it and set with a stop at breakeven just in case.

Retail trapped at high averages watching like rabbits dazzled by headlights.

Woo

The only cost if I keep the short overnight is £3.77 in overnight interest. No other cost. Pick your broker wisely imbecile

Jed If u were to short 20000 shares at a time. A 1p movement is £200. I have a strategy where I go in in increments so may be a bit less sometimes but it works. It is an insurance hedge against the long position though

ANd one more thing. I highly suspect today's rise is euphoria after the Disney results. They had a mention about linear TV I think havent read it all but I was in DISNEY prior to results as a gamble and exited at 117. ITV couldnt sustain a breakout. A breakout for me is above 76p. So there here is some valuable info if you do decide to pull your finger out. Let's see how you use it