Member Info for JG68

How are shorters able to actually force sp down in without selling or buying?

November 2020 last time at these levels

The high % drops since Tuesday 6th July, it just feels wrong on every level, its the sort of reaction you see on a film like the Big short.

Nor do I, just cannot get my head around it at all.

Mountainous
Of course he would but really it's money he never had. And despite objections and criticism when they approved the share price incentive awards, it's feeling like that may have been possible lip service to reassure shareholders in a way, that things will be fine, and they're confident tge SP will recover.
Jhango is a different matter though, do we know what his holding is? He must surely be down millions on paper right now.

What is Jhangos holding

The way the sp is behaving, and however much potential upside there is, I'm not sure if it's worth this stress.

Yes but did Mooky part with his own cash to buy his shares, or have they been awarded under their scheme.
It's becoming highly suspicious based on volume of buys and sells.

Danster
This is true, earlier other travel and leisure stocks were like for like, cine is dropping like the markets know something we don't.
Although I'm not selling, I am becoming really worried that a bulk of my investment is going.

Read somewhere there's a gap to fill at 47 I'm afraid of.
As things are I'm nearly 40k in the red.

On LSE buys v sells similar, opens 3.80 then down to 3.33 by 11.30, how is that possible????

Seems that travel and leisure stocks in particular are again at the top of the ftse 250 fallers board.
3-4% drops all round, even BP is sub 300 again.
The markets are clearly very uncertain about the way out of covid, possible future lockdowns, etc etc, partially due to goverments messaging, and it just looks like there are 5 or 6 bad days to every one good day.

As said last night, I'm 10s of thousands in the red since beginning July, and paper losses are increasing by thousands every day. Been averaging down too quick because expected some kind of freedom day bounce and now no more powder to use.

So I've got no choice but to sit with this daily pain, it's almost got to the point now where 1 or 2 good days won't even make that much difference, so I've got acceptance that it will be a process for things to start improving again.
Hopefully we won't see the lows of 2020 again, but things may get worse before they improve.

This is just my subjective view of things.

Copied this from another board but makes sense

There was this article in The Times which may in part explain the price drop-
'The City’s big investors once again rushed to ditch their travel and leisure shares over lingering concerns about the potential effect of the Delta variant.
The talk in the Square Mile was that investors don’t want to risk being stuck in those two sectors during the summer lull should governments decide to reverse ferret and bring back some restrictions in response to the Delta variant.
From July to September, trading volumes tend to drop, which can make it tricky to reduce big positions without taking a hit. “People are freaking out about the Delta variant,” said one City trader. “Hedge funds . . . don’t want exposure to anything. We’re expecting quite a low-volume summer so they’re selling when they can rather than when they have to.

Plus I don't think Disney get all the releases, just certain ones.

I think I'm right in saying that NEXs liquidity is fairly robust, they have undrawn lending options, and their performance had started to get stronger earlier in the year according to the last trading update.
And shorts reduced by 0.10% yesterday, possibly envisaging good results later this month.
A lot of the travel and leisure shares seem to be tracking each other, especially the last 2 weeks.
I'm also invested in IAG and I'm at average point now, but see that as a longer term recovery, NEX I feel will recover quicker, a lot of their business is contracts which they're paid for anyway.
Plus I think I'm right in saying that NEX has been on a consistent upward trend for years prior to covid, which is also reassuring.

Dragon
But only 2 in my isa, the rest in share account.

Dragon
Yes I have quite a variety, and they go up/down, not too bothered like NEX, LGEN, Lloyds etc, but I'm too heavily exposed in CINE, Micro Focus, and Capita, and all three have dived since 1st July.
Reason I'm heavily in is because been averaging down, but they all keep falling!!!!

OSW
Well I'm all in with 2 shares in my ISA, CINE and Micro Focus.
On 1st July I was just over 100k, now both have been hammered and I'm down 25%. Fortunately I don't have to sell either but it's been excruciating to watch.
And then there's the stocks and shares account which I was still showing 28k profit from last years trades, and now that's also wiped out on paper.
July has absolutely sucked.
But don't need to sell so will ride it out.
Thanks for your transparency.

Astro
Thanks for your kind words. I'm starting not to worry so much and accept that the money is invested for as long as need be, don't need it for at least the next year or so, so will ride it.
OSW
I am curious to know what sort of investment you had all in with Royal Mail, if that's not being too rude?

Mountainous
Great balanced post, sometimes twitchy anxious PIs such as myself need to read a balanced and both subjective/objective post like that to worry that much less