RE: No great will be back by the end of the week24 Jan 2022 22:19
marfthew
A tip from an old bear that occasionally turns to a bull too.
The shorts hedge funds have no obligation to report their open shorts that are under 0.4999%.
This means that there will be times when some of these shorts would be open and closed at these levels that only the FCA would need to know of on a privately arranged email to the FCA advising of their 0.4999% position. Moreover, as you might not know already, most shorts don't have to timely report when their over 0.4999% were open. Therefore, those dates tht you see on the shorttracker website are most probably not the actual dates for when they borrowed the stock but could be already two week out. Remember that its voluntary and for as long they make themselves know asap and ideally within two weeks of borrowing a stock, the FCA doesn't really stay on their tail to assure us that's bang on within two weeks. I've personally reported an edge fund along with other cineworld shareholders when we discovered an hedge fund reporting tot he FCA a 1% short in Cine that got then officially submitted to the FCA almost three months late. There was about ten of us that submitted the complaint. The FCA told us that there was not a definite two week rule in place as that was only a discretionary period as for guidance only.
Moreover, they've told us that even if the hedgefund was late in reporting their open 1% short in Cine, we would never found the outcome of their investigation. They also stated that its not unsual to receive late submittions of open shorts above 0.4999%. This implies that what you read on the shorttracker its not the gospel truth and should be interpreted with a curious approach when reading into the reported dates. As promised, I'll explain. Marshall Wace LLP latest 0.10% increase showing as of 21/jan/22, could have taken place just under two weeks ago and they could had waited till they tought was the right time to influence the market concerned small pi. Therefore, imo, they could ahd borrowed that 0.10% in boo on the 14th January and declared on the 21st January so to reach the FCA before the cut off time which is usually 15:30 of that past Friday. That's why its then possible to get an update from the FCA after about 5pm and sometimes earlier.
Never assume that the edgefunds shorters have followed the voluntary suggested two weeks recommended FCA period that it advises the shorts to submit their newly opened 0.5% or increased or decreases like going from 0.5% upwards or by going under 0.5% like for example 0.4999%. All these declaration are expected by the FCA on a voluntary two week approach. Live 'N' Learn. If you want to short boohoo shares with your own fully owned stock, please ask and I'll post the link to where to go and you only need a minimum of £50kGPB or $50kUSD or 50K euro worth of Boo or any other stock or a mix of stocks to begin. Cheers.NoFear.(*__*).
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