Member Info for Digitalis

You can always adjust your risk appetite @xbb2008? This was very overweight in my portfolio so I trimmed and paid off my mortgage - it is still overweight but I no longer worry about that as reset risk appetite - the remainder can now just run and run and run - I have a far target in mind based on my assessment of the potential mcap of all the irons now in the fire - NATO, existing pipeline, hydropulse, each one is a decacorn potential

Well looks like one or more of them probably picked up some cheap shares today. Voleon's 0.1% would be around 690,000 shares - pretty close to the 500,000 I said yesterday.

Wouldn't be surprised if Voleon added more today too.

Pointless false dichotomy of an argument - not what I said at all. Like asking why I drive across county along 20mph roads even though I think blanket 20mph limits are over-bearing and cause more accidents; because I want to.

I have my opinion on the range and used to say but got accused of being a trader trying to depress the price for a new entry point, so I won't comment.

@wyndrum, I know how markets work and I know what the charts are saying, a natural retrace because the buying pressure has tapered off and profit-taking takes over is one thing. Blatant attempts at manipulation to force a retrace because "everyone knows it is due" are not ok. I have no more to say on the matter.

Looks like your exhortation is being heard - volume well down at this price

True enough @wookiee, t'is but an interesting philosophical debate - happy to discuss more over a coffee and hearty fried breakfast one day

Disagree - the shorter (lessee) is transferring title to the buyer that they don't hold and there is no contract between the freeholder and a new lessee so the lease is now orphaned from the title (and essentially worthless). If the lessee is unable to surrender beneficial interest back to the freeholder, than the freeholder has lost the asset and can't reclaim from the new owner - that cannot happen with a flat (for a franchise then the freeholder still retains the franchise model and can lease that to someone else).

My tenants cannot sell my lease to someone else, nor can I sell my lease to someone else without the freeholder's permission (and the new leaseholder must enter into an agreement with the freeholder) - no equivalence

Not true

If someone buys something as a lemming they deserve to get caught out by a drop when the demand dries up, shorting is not demand drying up.

The hedging grows my pension argument doesn't work - I don't have a pension fund, I kept my money in my own control and have invested in assets that provide income rather than paying someone else to do it for me and have the Government tell me when I can use it - have no fear, I am well provided for. Utter nonsense argument in any case, pension funds should by solid income generating assets, shorting is not that.

Shorting is based on a fraudulent mindset - "one doesn't this asset but one will sell it anyway" - long requires transfer of title - there is no equivalence.

"If a company is well run the short will ultimately fail" - what tosh is that apart from trying to provide a justification, sophistry at best.

"Shorts can expose risk" - why? Why should that matter, if not for altruism sake then there is no valid reason for doing so, sophistry again.

Never said it was a moral argument - just one based on title of asset.

Borrowing money to buy stocks is a fool's game - the BoE nearly collapsed pension funds by allowing them to borrow against the gilts they owned to buhy more gilts which then imploded. Stupid - and again no defence.

Everything in life is a gamble but shorting is using loaded dice or marked cards.

Not sure what the last two points are about in relation to shorting specifically.

Hi @wyndrum - I don't think anyone shorts for altruistic reasons to alert the market - if one doesn't think it is going up, then sell or if one doesn't hold, move on.

The downside risk of shorting being high is not in and of itself a justification for allowing shorting.

The hedge argument is flawed - shorting might be the hedging tool of choice, doesn't make it right.

Betting on a share going up or down can be down without the transfer of assets or materially impacting the price - notwithstanding that suggesting it is a valid form of gambling is not to my mind adequate justification for permitting it.

Said it before and will say it again, shorting is in my view fraud - no other asset can be sold by someone that does not own title to it. Naked shorting is even worse, as there is no counter-party to call-in the shares reducing risk to the party doing it. It is a myth promulgated by market makers, that markets would not exist if they were unable to naked short. Unfortunately, the powers that be are too intellectually deficit to realise that.

There is no legitimate reason to me, to use an imaginary asset to flood the market to push prices down to enable the procurement of genuine assets at lower prices. The only argument that I would possibly accept, is that acting as seller of last resort to a buyer, the MMs can "sell" a share they don't have - that would mean they have to raise their prices to obtain shares to clear that naked short. If they want to tree shake, they should be restricted to using shares they actually hold, that then is legitimate price discovery.

@breakofdawn - you may well be correct - but in either case in my view it is inappropriate and the FCA should be looking at it

No idea - I don't make predictions, I just say what I see

@cureboy - indeed, to misquote John Healey (Defence Secretary) "we see you, we know what you're doing".

Thing is, if I can see it using free tools like ADVFN trade chart on 1 or 5 or 15 minute intervals - then you'd think the bright people at the FCA might be able to as well.

No worries, I should have been clearer that it is my opinion - but it seems to be holding true - last week there appeared to be a dump of around 250k shares every morning to drop the price before it was back up by the end of the day - this morning seemed to be a concerted effort (coupled with the appearance of some new posters with opinions)

I'm just going by the trading chart on ADVFN there were sells through in the first 15 minutes of roughly 500k to force the price down - it is crude but I've been watching the games for the last couple of weeks

Regular 60k chunks of buys as the dumped shares from the morning are bought back - and every time the price jumps

This is a useful development

https://www.mynewsdesk.com/uk/mbenergy/pressreleases/mb-energy-daimler-truck-and-kawasaki-heavy-industries-signed-agreement-to-develop-liquefied-hydrogen-supply-chain-to-europe-via-hamburg-3447488?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease

and this

https://www.gasworld.com/story/uniper-demolishes-cooling-towers-to-make-way-for-hydrogen-ready-power-plant/2249178.article/

Short attack - when no-one sells they will have to buy that 500k before the end of the day

If people wait until then they will miss the rise - shame