Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“that is suggesting....buy the bonds..sell the shares”
Not really... the upside on the share is much bigger... obv the risk is as well but I believe the risk/reward ratio is in favour of the stock at the moment
All genuine concerns but the reputationals were the one a feared most but it looks the bank overcame those. Shorts are still in control obv but bonds trader have a different opinion and I trust them better. Wait and see.
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Yes I do mind.
Right, it seems I hit a nerve. I hope I didn’t but if I did I do apologise. Didn’t mean to be rude or something. I actually appreciate old chaps trying to keep up with technology and market. I was just trying to assess your understanding to make my answer easier for you. Said that I am going to filter you to avoid anymore conflict. You are not relevant for my exercise here anyway. No hard feelings. Cheers
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My order would sit there until fulfilled or not fulfilled .
Just because I am asking for shares at 212p doesn't mean that every holder of stock won't sell for less than 215p. They may ask 215p but they won't get.
Matched trades
do you mind asking me how old you are and if you were ever in a trading position during your tenure at HSBC? this is a very old way of thinking how the market works.
If I put in a buy order tomorrow, whether for 20,000 shares or 50,000 shares at
212p, so long as there are matching sells I will fulfil my order.
I may fulfil my order only to find the price then drops.
you just proved me that your understanding of the book is very limited. if you put an order like that on metro you would have an impact on the price. Assuming it's not a blackbox order, people could see it and potentially decide to jump ahead of you. 20k or 50k for a low liquidity stock like metro makes a difference. you only think old style limit order. you can decide to hit the ask, you can decide to go at market and scoop half of the book. you can go for a fill or kill. there are so many options you seem to be unaware of.
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I'm talking about a straightforward limit order.
They bought, someone sold
that's why you are incorrect. Hedge fund very rarely uses those kind of orders. in this scenario very unlikely they did given volumes. we would have seen it. anyway it's time to close the shop. have a nice day.
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''really, how so?''
Now that is confusing.
You believe the closing of some of a short position is positive for the stock
the confusing bit is that you don't get it. to close a short position you need to buy. the more buys the price goes higher.. as simple as that.
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Whitebox put in an order to purchase at a price level which was matched. Simple
The supply was there.
incorrect. you have no idea what kind of order whitebox put. I am starting getting the feeling you have no idea how many kind of orders you can put into an electronic platform.