Member Info for johnychainlocker

@Nautilus - I’ve pointed this out before, (and believe me it DOES happen), setting stop losses CAN be a risky business, when you’re dealing with the way this particular share has been acting the last 6 months or so.
Let’s just assume that the shorters are indeed requiring to buy a s*** load of shares to close , say in the instance that another big contract comes in, they are big customers for the MM’s/Brokers remember and the MM’s will do their best to fill their orders for them. The MM is always aware of stop losses set by PI’s, and if they need to fill a large buy order they will instantaneously , and for a few minutes only, drop the price taking out all the stop losses so they can satisfy their largest customers. The price then goes back to the current correct price and you suddenly find you’ve lost all your shares at 58p, and need to buy back at a much higher price, if you want to stay in the Co.
It can happen with any share but very unusual with large ftse100 companies, not very often with ftse 350/250 co’s, but more common with smaller co’s and especially AIM
Not saying never set a stop loss, if it makes you feel more comfortable then fine, but just be aware

As many regulars know here I’ve been mentioning concerns about a leaky ship- I still believe someone is getting info before official release. Remember the sudden 6% rise end of March just before Hitachi\PFC RNS, and then again the “immaculate timing” of Millennium Capital with their 0.52% short just before the bad news event on 12th April
Well I contacted FCA about it - here their reply:
(After a load of spiel) -
“I’ve today referred the information you’ve provided to our Market Integrity Unit for further investigation. If they require any further information from you about this, they’ll ask me to contact you again.
Once again thank you for taking the time to report your concern to us.
Don’t suppose anything will come of it, however makes me feel better getting it off my chest
As far as shortening companies go, even though they take much more risk than PI’s going long, may they burn in proverbial hell

Bang on @credit,
Shorters have millions at their disposal whilst ordinary PI’ s such as you and I, excluding Poker who also has millions :-), deal in thousands. We just have to wait till they jog on somewhere else, or they get caught with their pants down with contract news, (which isn’t leaked first)
GLA

Re buy to let/baby boomers etc, big positive for me (as a baby boomer)is that although those with ‘extra’ properties may sell their rent to buys, what has not altered over the years is the young brits inbuilt psyche to want to own their own homes. My own children and now grandchildren have been, and are, desperate to buy their own, even in these difficult times. Not easy but bit of patience will achieve.
Following on from that, baby boomers are getting on, and like youngsters desperate to get on the housing ladder we also have a ‘desperation’, and that is to avoid inheritance tax!
Money from the sale of buy to let properties will hopefully find its way to children and grandchildren in order to fund house purchase, and will to a large extent counterbalance.
As strictly has said a number of times there are far too few houses for a rising population- hence attractiveness , for me, of long term outlook for housebuilders.
Apologies for lack of ‘eloquence’ in argument, I know what I want to say , however doesn’t always come out in actuality!

Try ‘mezzer50@gmail.com’ strictly, thanks
Don’t want to go into PFC, but trying to catch falling knife then getting in too deep to extricate easily just about describes it!

Yup, shorters totally back in driving seat ( if they ever left it!)
Am convinced they major on companies where PI holdings are high - easy meat for them, and let’s face it GameStop was a one off and ain’t ever gonna happen here
Don’t bother commenting eurofil -you’re on filter

strictly - you mention private blog, would really like to ‘blag’ in as ‘twere
Permission por favor?

At least honest Panda!

Are you sure you’re they’re not referring to ‘naked’ short selling which is (now) illegal?

Hi clearview, don’t really want to ‘re-invent the wheel’ here, but your city firm/ hedge fund are talking ….Ilocks as far as borrowing shares goes. The shorters borrow the shares, yes, but they then ‘actually’ sell them on the open market, At some stage they then HAVE to return those shares to the brokerage/owner of the original shares from whom they borrowed them. They do this by having to ‘actually’ purchase the shares again on the open market(hence the risk they take), just like you and I and everyone else, maybe on advantageous terms, but nevertheless.
This really is the way it works

Not really sure what you mean clearviews. Paper trading, as far as I understand, is ‘simulated’ trades, and there’s absolutely no doubt at all that shorters affect ‘real’ trading price.
The SP is being held back by a combination of shorters, lack of buying in enough value and conviction to counteract the shorters, lack of new contracts and general lack of confidence at this moment in time, as Poker says.
Peeps really need patience here, new brush in, wait and hear what Tariq has to say on results

Strictly-I read a while back now that you were basically 60% BWY and 40% PSN-is that still the case?

Senior moment?
2021 - £2790-£675 =£2115 tangible equity, divided by 228.3m = BVPS 926.4p
Even bigger negative ROE

Love reading your posts strictly, very very informative and knowledgeable-sort of person I like learning from, also follow your posts on Persimmon

Are any Denby?

Anyone know when Millenium opened/increased their short?
According to shorteurope the history states
“Startdate stock price” 72.65p - Position started 2023-04-11
If that is so, (and I’m very aware that these sorts of statistics are very hard to get/rely on), but if it is so and not just an increase from less than 0.5%, then I would warrant that it was very ‘fortuitous’ timing.
Very fortuitous indeed!
(Goes back to my post on a leaky ship if it is so)

Ie they made their profit when the price fell. They borrowed at say 70p, sell them hoping they go lower, to say 60p, they buy back at 60p, return the shares and keep the 10p as profit, less a little for fees paid to who they borrowed from

Dark-Knight,
Remember they are not ‘their’ shares, they were borrowed and need to be handed back, so the idea of buying them back would be to return them to the owners.

Forgive me dark-knight, but I think you’ve grabbed the wrong end of the stick.
I’m not at all inferring that pFC are dodgy, anything but, but how do you account for the 6% rise in share price day before the RNS was announced. I’m not talking about ‘due diligence’ or ‘reputations’ , or anything of the sort.
I believe in PfC etc etc, just as much as you do, I’ve held shares here since 2015, you don’t have to sell me PFC, but that doesn’t stop leaks.
It’s not dodgy, per se, on behalf of the ‘Company’ PFC, but someone , somehow got wind of the deal with Hitachi before official announcement -I believe

All a bit of a mystery.
MM’s - could it be there hasn’t been much follow through on buying since the news on contract, and like any business they’re trying to generate turnover so they keep dropping the price to see where buying interest lies? Once they hit that price point then the price should rise, however without ‘real’ demand the price will remain pretty much unchanged.
Could it be they have bags of shares, again the price won’t really change.
Could it be , and we know PFC have a leaky ship, (see the +6% rise day before RNS), and someone (esp. shorters) have some inkling of results.
Perhaps there are a lot of newer PI’s who bought in after SFO and are trading their way out after the big price drops
Without real buying pressure unfortunately the shorters are gaining a bit of confidence and trying to get some of their losses back
Need news of another contract, or a better than expected set of results before we take next leg up.
Who knows
All I know is that patience is still required here, this WILL eventually rise from the ashes and I for one am going to continue buying the drops, and am holding very tightly to my shares
GLA LTH’s