RE: Large Trade20 Oct 2022 13:33
As I understand it, you have to have access to Custodian stock borrow lending desks to allow you short ie to have the required guaranteed access to stock to short sell.. -II's especially Hedge Funds - would have this, far more than retail players.. But maybe very high nett worth Retail players might.. However, someone here with access to short tracker services said previously that there are minimal shorts live for IES.L at any time anyway..ie shorting not a key driber of epic ongoing fall here
(Retail players do Spread bet 'short' but that a synthetic offering that's not physical stock related, I think... Unless the underlying spreadbet provider has to use underlying physical stock to underpin their spreadbet offering .. but it's just 'pounds for points' movements so I don't think they do )
Happy to stand corrected on any /all of above, of course
To my mind this fall is really about straight II or PI selling of stock they already hold.. be short term traders jumping in and out for a turn or to cut and run from losses, or long term holders cutting/running .. And there's benn consistent ongoing selling in these fashions for ages here now I'd think .. and days when there's a paucity of buying to mop up such consistent selling, the s/p goes down as a rule eg Low volume trading days....
But when there's very high buying volume, as we had last week, I'm confused why this doesn't go up much more than it did.. obviously the selling can increases because of PI short term players take profits into rises, and perhaps ongoing sellers decide to sell more more quickly into large buying volume too.. but there was huge selling last week, so when do holders who want to sell down/out actually finish their exercises.. not least as this has come down hugely already.. from a peak of 230p ish.. including periods of large buying within that epic fall
(again, for eg, a next Amati holding RNS is keenly awaited by me .. I thought they had to declare when under 3% ..if allowed hold off as have sanctioned a Block sale exercise to get them to zero, I still think they'd have to declare at 0 then.. but they may not be at zero yet, granted.. but given last weeks buying vol. they could be if they wanted to be..) and if they're not even under 3% yet then that's potentially worrying too )
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