I'm just another Jim giving Jim balance in his bear argument by providing the bull equivalent.
I mean, looking at June volume and record accumulation... imagine all that short retail profit he built up since 2019 gone in an instant.
Pooooof. Disappeared.
Next thing you know, he's asking for book recommendations.
LTI
We will most likely will not see lower shorts even if this re-rates aggressively.
Why? Watch and admire the nice connection between accumulation and shorts.
June volume tells a much bigger story than public shorttracker.
Hi Yuri, My tweet this weekend explains it all: https://twitter.com/jimdson/status/1284509534283804673
Try opening an etoro account today, and try trading Metro.
And please then come back here and tell me if you are able to trade this share. The answer will be "no", as you will be unable to trade Metro Bank as it has been impossible to trade it on their platform for months now.
When traders on etoro asked etoro customers service why Metro Bank was no tradable, Etoro replied:
"The reason the asset is not tradeable is due to low liquidity."
See the above tweet for proof, or try trading Metro in your etoro account.
I didn't reach any conclusions chap. I merely copy-pasted and screenshot from the horse's (etoro customer support) mouth.
Good points BigSmoke.
Accumulation and volume in June indicate clearly that something is at play here.
Those who don’t admit that either don’t know anything about volume - or full of c@rp.
Looking forward to seeing endgame here.
Metro always was an event play for me. Let’s see it unfold.
Positive articles galore over the last few weeks. All good.
Excellent points BigSmoke.
Desire to break away from old Metro guard is publicly visible now and recent CEO buy of 570k is massive.
Lots to come very shortly if one looks at historical trading volume in June.
Event play here.
The writing is on the wall ;-)
Fund, broker or something else?
Lad is in overdrive today.
Especially since Cud tweeted. And my tweet regarding the impossibility of buying Metro shares on a popular brokerage firm due to low free float.
He looks extremely rattled this weekend.
Me thinks news approaching fast...
?Metro Bank: unable to buy ANY stock for months on eToro due to “low liquidity”.?
Extremely small free float in Metro Bank shares. Greyed out and impossible to buy.?
?All pointing to a massive re-rate? #MTRO ?????
https://twitter.com/jimdson/status/1284509534283804673
?Metro Bank: unable to buy ANY stock for months on eToro due to “low liquidity”.?
Extremely small free float in Metro Bank shares. Greyed out and impossible to buy.?
?All pointing to a massive re-rate? #MTRO ?????
https://twitter.com/jimdson/status/1284509534283804673
And whatever happens, very glad some in this forum will have nothing left to say.
One thing is for sure, the Thegatives of the world have done a great job and should duly be bonused by their masters for the constant passive-aggressive drivel regarding metro.
They have been relentless, and hilarious to read (in a sad way).
Good luck to all genuine holders here.
RG good morning
Excellent points. The poster you refer to is quite funny to read. Contradicts himself every other day, and has been found out about by many here, who don’t even bother posting any more on this forum.
Has invented too many stories to remember, hence why some have referred to his postings as “cheese” given how many plots have holes in them.
https://www.finextra.com/pressarticle/83266/metro-bank-appoints-new-chief-risk-officer
Metro Bank appoints new chief risk officer
Metro Bank has today (10.07.20) announced that Richard Lees will join the Metro Bank Executive Committee (ExCo) as Chief Risk Officer, subject to regulatory approval.
Richard will join the bank in early 2021, and will report to the CEO, Daniel Frumkin. Andrew Shiels, who joined the bank in February as Interim CRO, will continue to support the bank over the coming months until Richard joins and to ensure a smooth transition.
Richard joins from the Co-operative Bank where he also held the position of Chief Risk Officer. He has 25 years’ experience in financial services including roles at Lloyds Banking Group, HBOS and MBNA.
Commenting on the appointment, Daniel Frumkin, Metro Bank CEO says: “Richard’s deep experience in retail financial services will be invaluable as we deliver on our revised strategy set out in February. Investment in our risk infrastructure is a really important part of the strategy, to ultimately make life easier for our customers and colleagues, and help us deliver on our ambition to become the UK’s best community bank. Richard will be a great addition to our Executive team and I’m looking forward to working with him.”
Richard Lees added: “Metro Bank has proven itself as a challenger bank committed to bringing something different to banking and really delivering for its customers and communities. I’m really looking forward to joining the team."
Richard’s appointment, together with Martin Boyle who has joined the Bank as Chief Transformation Officer and Carol Frost starting in August as Chief People Officer, completes a number of changes made to the Bank’s ExCo.
Smoke, maybe Thegative Thancy needs some new book recommendations. His spotless track-record since his first trade in Q4 last year if proof of his immense success. Come to think of it, he might be the one writing a book instead of reading one now...