Member Info for JG68

Covid cases are falling in the US, and here of course they have been rising but have been over 30k for several months, yes they have risen to the 40s since schools went back, but crucially deaths have also been between 100-200 again for several months. They don't look like rising above those levels.
There have even been modellers predicting a sharp fall coming in the next month, been on the news this week.
There are plenty of solid companies like NEX that are below the 200 sma, look how markets have generally performed here since April.
Several of my investments have fallen since April, its not going to last forever, the economy is not going to shut down again its far more disruptive to the majority.
The UK markets generally just suck compared to the US unless you're in some thing like BP or steady Lloyds, Barclays which have doing ok.

Do you think it's not strange that there have been no analyst recommendations since 1st June?
No director buys and no disclosed short positions since April. They could have made a killing!

Yeah 353 open 323 close.
Hope their houses burn down.

We are exactly where we were 1 year ago when cases were surging, there was no vaccine and the future looked bleak. We then rose all the way through lockdown whilst not operating in the UK, but now with a merger on the cards, decent results, a good strategy to return to growth from recovery, but the markets continue to price it as if the future is uncertain.
Don't get it, you would think that holding for a year with mainly positive news coming since, we would be a little higher than this.

So much for the payment sector sell off excuse, both visa and AMEX positive today

NEX doesn't seem to be following other travel stocks the last few days, even stagecoach.

Showing as a sell on LSE.

Here we go again.

I actually did twice, 320 and 315, at least there's an explanation now.

Thanks Canetoad
Will have a look at that.
I now get the drop, think it was a global payments sell off which I can live with, but not short sellers, can't live with them.

Received a reply from IR advising of the following:

We would like to point out that the payments sector globally saw a very wide sell off yesterday afternoon at the time you mention, and that our share price was one of the least impacted given the good trading update we published earlier in the day.

 

We believe the payments sector was more widely impacted yesterday and continues to be impacted today due to a combination of:

 

•            Sector results from others in the global payments space

•            Pax, a manufacturer of POS devices has allegedly seen a data breach. This has no impact on Network International. 

 

We do not take part in any trading, as the trading occurs on the exchanges. Should you have any concerns around trading, then we would recommend you contact the relevant exchanges.

 

To whom it may concern

I am a small time private investor in a UK listed company called Network International and after doing my research on the company decided it was a good investment to place some of my savings.

I have watched this share price behave in all manner of strange behaviours over the months and now as a result of what seems like downright manipulation yesterday and today, I feel that this needs investigating.

I have written to the London stock exchange and investor relations at Network International but yet to receive a response.

Yesterday 27th October the company reported its trading update through an RNS and the markets did not react positively nor negatively throughout the day. The stock traded either side of 370 all day until 4pm.

Then between 4pm and 4.35 just after close the stock plummeted to 351 on no world news events, no company specific events, and very low sell volumes which during that last 30 minutes were mostly in the hundreds, nothing close to warrant that sort of drop.

Then today this morning, during the first hour of trading the share price plummeted a further 10% and reached 314 at approximately 9.35 this morning, again on very little stock sold, more stock bought, and absolutely no news to warrant this blatant manipulation.

This particular stock is subject to being short sold by various companies, and the 4 main hedge funds that are disclosed as having borrowed more than 4.5% of the stock, which they do in order to make profits when the price goes down, are as follows.

Gladstone capital management

Kuvari partners

Adelphi capital

Blackrock investment management UK limited.

Unfortunately this short selling activity is legal but they are required to stay within the rules, and my feeling is that they are carrying out conduct which is not allowed in order to drive the price down so they can then purchase back the shares they have borrowed as a short at a cheaper price than they borrowed them for, and then make a large profit on the difference.

For example, I believe that they are setting extremely large sell orders on their systems which the markets would then pick up on as sells in order to drive the price very low, but then cancelling these sell orders at the last minute just before execution.

This means that small-time honest investors like myself have no chance and are often left with large losses because of this type of activity.

There is no other logical explanation that could explain such large price swings on very little sell volumes in such a short space of time.

Please can you investigate this particular time period for us.

Many thanks

I'm going to keep emailing IR and the LSE every couple of hours until they at least respond.
Exactly the same, no sells, no news, from being in an definite uptrend.

This is becoming a joke now, from being in a definite short term uptrend to being hammered on nothing.

CT
It's infuriating that these leeches can get away with it.
My hope here is that despite increasing yesterday, they have driven the price down to close given the trading update which I felt was good.
I did copy in investor relations also, and the also sent it to the newsroom at the stock exchange, but don't expect a response.
Really I was venting my anger

I sent an email to investor relations and the London stock exchange, see below.

To whom it may concern

I am writing because I find the share price activity from 4 pm today until post close extremely suspicious.

The company released results today which were fairly positive, the market reacted fairly consistently all day given the volume, the share price seem to trade either side of 370 all day until the last 30 minutes.

Then on very little volume,  looking at the sells between 4 and 4.30 a large amount were in the hundreds, the share price dropped from 367 to a post close price of 351.

In the absence of news and sell volumes, how is this possible ?

Given how this share is highly shorted,  I would like to know if it was these hedge funds placing large sell orders to drive the price down, without them being fulfilled thus cancelled prior to execution 

I cannot see any logical reason why there should be such a large swing on no volume, and it makes you wonder how little investors stand any chance with their investments.

I look forward to hearing back.

Taken down 5% from 4 o clock, how, why, so annoyed this kind of corruption can happen.

Corrupt b------s, unbelievable.

Yeah I got multiple disasters going on at the moment, mainly CINE and AO.

When you think about it, this share has never dropped and stayed below 90 even all through the sfo stuff, Adnoc suspension , covid etc etc
So 2 weeks of volatility around 115 is very tolerable considering the huge upside potential this will have going forward. They're on a sound footing now, not in trouble, a line is drawn under everything, so imo any buying at these levels is like cash in the bank, unless you're trading it.