Member Info for mann123

Anyone remember 3XSRR now over 500% from the price of 0.9 - barely 1.0?

Yes. You are right. the problem is minus 73% of the SRR and why 73% if it cuts off at 50%?

RR. rights issue calculation at 219.9 was 75p

Therefore price now is 84.54p This means RR. went up from 75p to 84.54p Consequently, the 3SRR should move opposite to the increase of the RR.
1X up = 3X down

I take that both percentages of the 3SRR and 3LRR must be equal and opposite for the prices to be flawless. Therefore we wait for either 3SRR which is minus 73% to closer to minus 39.5% of which the 3LRR is plus 39.5%.

So, until 3SRR = minus 39.5% and 3LRR = plus 39.5% then is is fair.

That one I have no answer why the 3LRR has not risen. I guess it is all in house manipulation sometimes. Who knows?

TERP = ( (10 x 32p) + (3 x 61.7p) ) / 13 = 38.85p

38.85p was what I calculated for the 3xSRR yesterday but since it moves 3x when RR moves 1x divide 38.85 by 3 = 12.95p was price it hit 12.9p on IG

It is NOT the consolidated price until the weekly RR comes back to the bottom. The previous bottom was 100.8p. This will be due to normal trading until the weekly chart flattens. The longs cannot lift the daily chart until the weekly points up, that's why it fells back down today.

Watch this! There are no real RR prices 3SRR and 3LRR until proper consolidation of new shares for at least a week before worrying about a rocket to the moon or dump.

1. Never trust these penny share manipulators!
2. Don't get mad, GET EVEN. (make a profit over your initial)

Yeah, they will correct it when you sell. They are waiting for huge sellers to go before taking it back up. lol

lol, They do whatever they want. I expected it at 8 am then it happen at 11.35 ish then now

TERP = ( (10 x 32p) + (3 x 61.7p) ) / 13 = 38.85p

38.85p was what I calculated for the 3xSRR yesterday but since it moves 3x when RR moves 1x divide 38.85 by 3 = 12.95p was price it hit 12.9p on IG

You are not on margin trade like CFD so there is nothing to be afraid of but just sit on your hands and wait.

Granite shares is still calculating the right issues pro rata to the 3xSRR and 3x LRR. Therefore when they are satisfied that the right price and percentages are done. Until then they will have more auctions to discover price.

My average is 25 and the weekly short chart 3x SRR is not due to start until 2nd Nov. next week. It has not closed yet in stocsRsi

Keep your shorts! The weekly will be due at least next Monday. Average now is 25

I have made about £400 profit since I averaged 3x SRR with bottom price 48. Let's see if they keep it up or down tomorrow.

If you can gamble then sell half on 1hr high usually first thirty minutes or one hour then rebuy at the end of the day but very risky as you don't know when the long will dump.

Just average down till Nov. 12 bottom of the daily or weekly chart. Got my average down to 58 from 195

RattyRy if you had bought 3XSRR on 20 August 2020 at 315 and sold it at 4171 on 28 September 2020, you would have made 13 times your initial.