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Don't like to disappoint Janbo. GAP FILLED, BUY SIGNAL, CHARTS LOOK GREAT, MOVING AVERAGES POINT THE WAY( not sure which way though) and all that. Like a racehorse tipster, if you tip every option you will make someone happy. I am afraid am a sceptic of all of this. To all pi's, have a great weekend. Our time is coming.
Can we keep this civil please. I am long not a shorter. But if someone wants to buy and later sell that's fine. I think that's trading. There is nothing wrong with that. Because some don't like it abuse is not appropriate. We give our opinions but if we disagree with others we are free to give ours but that is as far as it should go in my opinion. Show respect. Time will tell who is right. Good luck to all for a successful outcome
As far as I know this is how it works. Transactions are recorded and automatically assessed as a buy or sell. ie if the indicative buy price is 8.70p and the transaction is the same or close then shows as a buy. If the sell price is 8.60p and the transaction is concluded at say 8.65p the system is unable to make a sensible 'guess' hence labelled unknown.
Often happens when the bid/off spread is small. Also many transactions are shown incorrectly. For example my broker makes there own market as often as they can and often offers a fixed price that is better than the indicative price. The transaction is recorded using which buy /sell price it is closest to. Today for example a buy I made showed as a sell. Therefore the transaction prices we see at best are a guide.
Same subject as recent posts but in the end we are dealing with trolls. DAZ423 I gather has helped many and I include myself. I am not a sophisticated investor like many of you and start with a few views from wherever I can. It can be a problem deciding if a poster is genuine but after awhile I think you get a feeling if the poster is for real and out to honestly inform. Not just being positive or negative for the sake of it. So thanks to all who try and help. It adds to building up a view in conjunction with other research. Good luck to all.
Kodal was brought to my attention when it was mentioned on another site. Can be irritating to read about others on this site but equally now and again as it did me, prove very helpful. As long as these comparisions are relevant give my support. Sadly though now and again when it results in squabble please give it a rest
You maybe correct but there is a huge number of shares the shorters need to buy back. Even if the shorters bought the 15m or so after 16.30 last Thursday there will still be 40m + to buy back. I can't see this happening without an upward movement in the share. Only time will tell. Good luck to all.
My guess is the shorters are now trying to get back at the lowest price possible.
In answer to another regular asked question, why does price seem to drop more on shareholder sells than buys.
I think it works like this. The MM has a share and when sells to a buyer knows if making a profit or loss. No risk at this point. If the MM is buying a share they have no idea if more sells are coming their way so will reduce the price often by a greater margin than they may make when they sell on. On this transaction they are taking a risk. For us it's the other way around.
Consider this; if you are running a Co that is in the recovery mode, trying to expand, have shorters probably preventing you from making a sensible R's Issue and are making attempts to strengthen your balance sheet, announce future dates to up date the mkt? If you did with work still in progress and delayed an announcement this board would have a field day with pages of nonsense we've come to put up with of late.
It's better to wait, then an RNS hopefully that much has been resolved and the share price rockets. IMO we can learn alot from Mary's excellent posts, for those that wait rewards will follow. Good luck to all.
DK agree with you. If I were a shorter seems to me shorting further at around 28/29p could be a good short term bet. If the shorters are able to panic some pi's we could see a dip again and the extra short small enough to buy back at say a 10% profit. Anyone's guess, but insider knowledge No! How many times has this been posted in the past 6 months? IMO yet to be proved.
Thanks. The end result as I said comes out in the wash but in the intervening period the lender has it still in their portfolio for valuation purposes and the buyer of the shorted share has it as well. So for awhile at least it appears twice?
Before anyone jumps up and down I am trying to understand something and what if shorters go bust. Incidentally no one should feel embarassed trying to be helpful to a question even if later it turns out maybe a shorter's plant. Well done JCL yesterday for trying to help.
A post a day or so ago said a share is borrowed then sold. In turn bought . The broker who holds on behalf of their client lends it to a shorter who sells. It is bought again. The net result is seems to me is a share has been created.
Look at it another way that may make better sense. A Co has 1m shares in issue. Co A holds all in their Investment Fund. They lend and the shorter sells. I buy them. There are now two of us who appear to own the same shares. If my broker then lent my shares round we go again and more shares are 'created'. In the end will all come out in the wash but the mkt has more shares held than really exist? Pfc has 522m shares but 11.49% are shorted and are in the lenders portfolio and the new buyers so count twice. Ignoring being lent again there are approx now 582m shares if you add up everyone's holding. Any thoughts please. Am I just being very dim. Keep your reply polite please!
Also if a shorter goes bust and cannot return all the shares borrowed does the lender pick up the cost/loss. If so some lenders one might suggest are being very irresponsible?
I seem to be the only one saying to StockNor sorry you missed out this time but at the sametime as am long pleased with the current price action.
We are all trying to make a profit or a living and gloating in either direction think is unfortunate. I dislike commercial shorting where they are playing with someone else's money but when it's your own not alot different than selling a stock, hoping it falls to buy back. Feel sure many of us do now and again.
On the other hand those late to the party must think the shorters have done them a favour to enable getting in cheap or others like me being able to reduce their stock average considerably.
Good luck to all and StockNor been an interesting journey reading your posts from the other point of view.