Member Info for FrankyS1971

Or come back in march wishing you had monitored the price drops and been decisive.

bought a few of these at 1.97 and there already nudging toward 3 dollars. They'll double again next year as Silver is lagging compared to Gold but will catch up sooner rather than later. Hecla been about in Nevada for best part of 100 years, but they keep finding more and more! Biggest inventory ever and cheap.

Yeah maybe..I guess its all a bit finger in the air ultimately. I do believe the shorts are retreating ahead of the election. I imagine a Tory majority and politically more settled and stable place will see these shares pick up. Hung parliament may see the shorters build back up..they are sitting on fence and waiting like most! Next week will be fun.

Here's a good question. Our Colombian friend has accumulated shares at below £2.00 per share. Why did he not buy in at £3 or £4.
I suggest because at that price the risk versus reward was not worth it and now he thinks the reward could be worth the risk. That doesn't imply much apart from the SP reaching £3 is highly unlikely unless the narrative changes around new mgt, new plan and crucially new investment. So its irrelevant as it stands who has bought however many shares. The SP isn't going to reflect the change in shareholders IMO. That feels like a bit of a naive notion.

I might also add that just because the shorts have dropped is pretty irrelevant. The shorts can reduce their exposure to a sudden uplift in the stock with less activity. AKA if there were more buyers the short position would have to be higher to counteract. The drop in shorts is just a signal that its easier to put downward pressure on price in absence of buyers. They don't need to be any more aggressive than they are to achieve a good outcome.

forthcoming hung parliament and subsequent freefall in the SP? Discuss.

In terms of a buyer. Would you buy something which is an unknown quantity? What I mean, is that until the FCC finish their investigation and we know what the fine looks like and/or anything else that gets uncovered, there's no way you could make a bid with that uncertainty. So if Metro really needs to raise more Capital in the short term (in absence of a buyer) you'd be looking at a rights issue and dilution of existing holdings, but they don't need to do that just yet as the burn rate is manageable. Therefore, you are likely to see this in limbo for quite some time and further downward momentum. On the upside, the regulator will be working WITH Metro and not against them to get their house in order. Eventually this will turn, but its going to be a long road.

anything to brighten the mood Pione3r

a mirror and a puff of smoke, Metro Bank is just a joke.The Management are black and blue, they cooked the books and in a stew. The FCC investigate, as customers get irate. They'll get their cash and run out the door and that's why the share price won't find a floor. Very soon the end is in sight, from a run on the Bank at the next minor fright. This will end up like Diane and Dodi. Let us give thanks to Crispin Odey.

Don t be too excited about the shorts being reduced. There's no need to have it 10% when the buyers have left town. Think of it this way. They don't have to put up such a fight to pick up the stock anymore. Proof of this - the price is still dropping regardless. Expect another few days of this and then it will begin to tick up I reckon. Very tempted to buy in finally but if it doesn't hit 1.50 i won't bother as there's too much risk. I can happily lose 30-40% on what I invest today without too much happening!

Yeah yeah. So how is this bank going to make money when the UK cuts interest rates and we end up with negative rates globally? Would love to know! The outlook for banking is poor and metro is the runt of the litter. So you hold through years of low/negative rates indefinitely as I'm really sure this Bank will totally smash it in the future lol around about 2025. Traders that go wrong always start bleating on about the the long term and it being an "investment". Change the narrative to justify a bad decision.

Shorts dropped to 8.99% still high. Needs to get to 5%. Perhaps will slow rate of descent a little. Labour narrowing gap in polls = continued uncertainty and weak uk market if hung parliament. Nothing will change yet IMO.

In the middle ages everyones value system was purely based on the catholic church and whether you went to heaven or hell. Then the church was found to be corrupt and the system fell apart. Henry came along set up his own church and people felt mass insecurity as the value system they knew disappeared. The guilds were formed and bit by bit the new value system became money. So here we are looking at money for security and not god. Point is value systems change but you don t know it at the time. We are bit by bit making currencies worthless at an enormous cost to the planet. Once global debt reaches 500trillion+ or whatever and there are negative interest rates then capital value is pointless and I think people have had enough of all the political lies to keep the absurd show going. I hope the next value system we all agree on will emerge when the next crash comes. Or should we have double/ triple austerity and crack on?

Gilinski bought cos the pound is as cheap as its ever likely to be and his dollars can buy lots more than in 12 months time. Also a good way to offset tax liabilities. Wouldn't read too much into it. The thing that will make this move is clarity from FCA. New Management and a new direction with fresh funding to draw a line under everything. Thats going to take a good 12 months by which time there's every chance we'll be going through a sharp slowdown and F knows what that means for weaker banks. The SP will recover but if it goes up 100% from here that's massive and takes it to £4. It ain't gonna suddenly rocket up my friends. RISK and contagion is always grossly underestimated. Can anyone tell me of any point in history where the markets unwind in an orderly fashion?? It doesn't happen. Its always a panic and a crash out of the blue. Imagine this scenario and what that might mean for metro who already had a mini-run on them??!! Even at todays price this is just a gamblers roulette wheel which is why I wouldn't touch it until its much lower personally.

I think the word "shorter" is actually "short sighted" excuse the pun. Yes these guys feel like the enemy but they are actually "activists" and "disruptive". What they are trying to do is force a resolution in the interest of the majority holders. The price will be forced down to bring the current regime, its structure and its direction to a head and force a new mandate. Imagine if the share price just stayed the same? It wouldn't force anything positive to happen. Unfortunately here, you need the old management forced out and new talent with a fresh set of eyes to come in. They won't go gracefully, they need evicting! Think of the SP as the main weapon to achieve this and you'll get a sense as to why it is likely to go much further south in the short-term. If you paid more than 3.50 - 4.00 you are better off selling and at least re-ntering in another few weeks. £3.00 or so you'll get your money back. eventually.

Then the camp you re in is a fackin stupid one. If you think the Sp is about the FCA then you re being plain dumb. The issue is strategy and that the cost to serve is through the roof. It's a vulnerable bank with no clear path to growth.

Buy high sell low. This is the ticket Doggie. Failing that I already told you to sell at.2.50 and be patient and then buy back in. This will see 1.20-1.50 which I got told made me a heinous human being. It's really not too late to cash in and then come back when its 50p odd lower. Shorters will test the previous low.

I despair. That was the most moronic post to date.

So who now thinks that wasn t a dead cat bounce? All aboard the 1.50 Express toot toot. Sell and buy back is the only strategy. Now is a good time to sell. Will go much lower. Have said that for weeks.

All aboard the Metro Express to test new lows. Toot toot. Tickets please.

Fanciful suggestion. Zero offers until after the election and brexit obviously.