The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Apologies Pat,I am old style, I assumed you were a lady...
Anyway I guess we can fairly say it’s time for you to honor the bet, right?
“Pinn..... Sad thing is I’m a man ...and straight .... However I had to suffer this fate”
“ 175p surely the bottom after Odey and Glinski action
https://contrarianinvestor.net/posts/2019/12/4/what-is-going-on-with-the-metro-bank-share-price”
A few minor mistakes but good article
Nov I see your point. The basics for a short squeeze are missing here. Short are closing slowly and at the same time long term shareholders are reducing their positions, with one new shareholder accumulating. All the pressure coming from those actions are balanced or slightly pushing the price down. Today the news about Odey was the price action changer.. but we will see more tomorrow. TR1 coming most probably very soon.
pinn, I realise. The point I was making was the price was 1.75 and falling despite the biggest short seller reducing his position.
Most of TeamDarwin have been saying for months that as soon as the shorts reduce/close the price will rocket - Well, a few have reduced and it hasn't ??
Nov if you check the chart you’ll find out that the SP was around the 175 mark, lowest level of the day, when the short tracker was updated and the news pushed the SP up to where it closed. Short are closing slowly but consistently.
Unlikely cud.. HF investors are quite sophisticated... they tend to know what their managers hold, at list the top ten holdings, or they know how to find out. The guy is all over the news about this position and a quick search in short tracker can explain everything. HF investors don’t fall for window dressing.
But where are you getting this 'Billionaire' buyer in the background thing from. Yes, some Columbian guy in the background has bought a bit but he might be lending them out to funds , who knows.
John the concept of people buying just to lend the stock out is simply incorrect. Lending out gives you usually a few basis points gain.. nothing comparable with the money you might loose on the underlying stock, if you understand what I mean.
Gentlemen this stock has been heaven for shorts who are still in control of the narrative but at these levels the downside is very limited unless you think the bank will go bankrupt (nonsense). Just go back to the headlines at the end of September and compare to today. There are multiple reasons to be positive for the foreseeable future. TR1 are clearly showing fluidity. Wouldn’t be surprised to get a few more of those before Xmas. Short are slowly retreating. The new shareholder has a very specific background and the means to make an offer or just actively push the board in the right directions. 185 is a very strong level. You might see a last push from short but I would be very surprised to see this going below 180. On the other end , sky is the limit. Bond prices are still saying the bank is solid. Keep your emotions away and be patient. These are my 5cent (from someone who has been trading since 1997, working in the industry from 2001 in hedge funds and investment banks in U.K. and abroad, just to give you a bit of colour)