Member Info for Pokerchips

" should the price drop below £1 then you can be sure it'll pull in a lot of buyers "

Fleccy

If there is "chaos" and "turbulance" as was the scenario Savage was indicating then ...as always.... the City and many others would be cautious ...and the Bears within the Investment banks take a lead over the Bulls..

The Bulls tend to let the Bears take the lead , in such scenarios...and let them do the heavy lifting to then make the price cheaper for them,

Why would you pay more than you need to when you know the Bears are going to give you a helping hand ??

In such scenarios the sense of "undervalued" doesnt really come into it...what does is the mere chance of getting in cheaper, thanks to the Bears working with the external market chaos and turbulence

Wow.... talk about disgusted with the performance of the BOD , ..I mean 185% dilution is enough to p*ss off even the keenest of supporters

Hope he had a Derivative hedge bet against the SP drop....

You are always going to have some shorting ...IMO.... part of life ...you cannot seriously think that the whole market will bet 100% as a share long, with no % hedged bet .... there is always going to be hedged short bets in case events turn turbulent ... there is always risk ...never a 0% risk level...

You need some shorting to help liquidity .... and shorting creates more longs anyway..buying those sold shares

Falconer

I suspect they could borrow Dollars against Hibbett existing cash flow etc and their own strong cash levels and £700m unused RCF

Mary

MNG are not immune, to market turbulence and turbulent/volatile external factors - IMO ...but of course ...it is then about the post "normalisation" !!!

2023 - " Experienced £6.2 billion net client outflows in UK Institutional Asset Management (2022: £2.3 billion) triggered by the 2022 mini-budget crisis and the ongoing de-risking of Defined Benefit pension funds, with market conditions expected to normalise in 2024.2

Watching this

but I agree it is all dependent on the external factors and whether inflation/war/interest rates etc ease up ....regardless of whether the SP has fallen " a lot already"

197p to me was the price to which the market was going to sit and wait and see ..... and at this stage no one in the markets quite knows which way things might go... never going to be that easy

I guess a lot of professional players have hedged bets .... some bets short and some long ...across markets

US jobs figures today ...some already betting they wont be as strong as estimates,

Everything just moves on betting on the data, and reacting to the data

Phoenixy

the S&P/Nasdaq and the Treasury yields are two completely different things and a distortion towards the movement of Big Tech makes the overall picture of the exchange , well distorted ..

Shorters and traders here .... a number of them IMO just use it as a hedge , against say other positions...and a hedge against a Yield bet

If Yields go up then that is bad for shares, in general .. recent inflation figure worried the market, yields pushed up, and here it went down ....

now we await further data.... so.. less movement in the SP here, until the data comes out ....

IMO

Bertarm

Democracy is undemocratic ...everyone knows that ..has been for thousands of years ...

We have yet to even define democracy .... thousands of adjectives in use to define it...definitions leans towards certain interests

Savage

I think Sunak and Hunt are just going to run out of time in terms of delivering what they would hope to achieve....but..in terms of the electorate , it isnt go to be an awful lot easier with, say Starmer , in terms of the cash available to spend against budgets etc ....

You just create this honeymoon of "hope" against the notion that the external factors which any Prime Minister is fighting against ...ease up

I suspect the 1p Book Build buyers are forward selling ...a number will only have bought in order to sell at a quick profit , I am not convinced this price, or bit higher will hold , ........ with another dip possible...IMO ... remains to be seen

Open Offer will look attractive at 1p if the market price holds above that though

BT will be a good defensive play

If there is "carnage" and "turbulance" ..then personally I do not see any defensive plays in Telecoms ...myself ..

There wont be strong buyers but there will be sellers , with any buyers only wanting to buy... cheaper ...IMO

Why would you buy and keep prices stronger with carnage and turbulence around you ??

I also dont see Sunak and Hunt working against the money markets ..they wont stand a chance and they already know that...and those two know the money markets anyway

IMO

I think the market today looks like it is betting that the US jobs numbers will show some weakening , taking some pressure off the 10y and 2 y yields

Depends how they want to present the numbers ...the Q1 GDP drop could mean fewer job openings etc

Stupmy

I agree with you.... timing the market ....

yes...Japan .... a professional would not seriously bad time that market, simply because it is largely connected to the changing value of the YEN ,interest rates and the role of BoJ etc ..which any professional knows ... so you certainly would never just dive in , with some kind of "time in the market" idea, within a peak bubble kind of environment, unless you are a very inexperienced private investor , I guess

It is the same with emerging markets which tend to be cyclical based on currency,lending rates and whther Dollars are flowing into them or out

" Brokers use our shares to lend them to short traders, but apparently it is possible to request your broker stop doing it, and to recall any shares already used for that purpose from our account "

I suspect you need to read the small print in your contract with your broker in terms of whether they actually do lend out and whether you can actually do anything in terms of changing their stand point ... having an account normally means that you agree to whatever their position is on the matter !!

shorting helps liquidity

Savage

I see a BOE hold and mixed views on a potential rate cut date , from the minutes .... nothing beyond what the markets have already assessed .....

Needs the next inflation data to show pressure easing on inflation, which then eases pressure on wage demands

Bailey seems to suggest from recent comments that he is expecting a CPI drop in the April figure released later in the month

For me.... it is the wage demands that the BoE is keeping a firm eye on .... there seems to be where the battle lies ... I guess if folks see more money in their pockets from other areas then the wage increase pressure should ease

IMO

" Can the same share be shorted more than once? "

Yes, ...but..you have to remember that...you only establish a short seller by first finding a long buyer who is willing to buy the shares sold by the short seller , which then create the trade

so..in effect short selling is creating more long players ..not less ( original long owners and now new long buyers)

In reality the higher the % short, the more the number of long players ...because you need buyers to sell the borrowed shares to

so..in effect shorting is creating more long positions than there are shares outstanding ..if you have 100% short , you actually have 200% long ...the original owners and the new buyers of short sold shares ...hence creating the pressure build up for a potential short squeeze

Apple Results : - the 8.1% drop in China sales was not nearly as bad as consensus expected, which fear a double digit drop was coming. The CFO said that the China concerns were overblown. “We were happy with our results in China,” he said. “The reality is different from maybe what you read at times.”

Here it really needs a decent SP climb ...Mobico are perilously close to the bottom of the FTSE 250 in terms of MCAP value ...they need to avoid any drop down at the next re-shuffle

Need to see the US job figures today... could be a bit of weakness coming .... plus the FED reduced their monthly bond buying QT amounts ...they dont want any more rate increases .... weakening Q1 GDP there..

oil prices coming off recent bounce after ME fears fall back

ECB looking at rate cut next month

I think we "could" be looking at inflation having another go down over the summer ...

SP slowly climbing here as I suspect those hedging over inflation pull back as those inflation fears pull back

bit of a tip-toe move as everyone watches the data .... the data decides it all !!!

IMO DYOR

" In short they have loaned out shares to shorters."

IDoMyBest

I read it that MS only have a measly 136,790 shares 0.001375%

As such it is MS that has borrowed 865,062 shares and the owners of those shares have rights to recall them from MS .. I saw it that they cant lend out more shares than they actually have Voter Rights Attached

I cant say but maybe MS borrowed them and sold them to bring down the SP to then buy Options at lower price ??

Https://www.theguardian.com/business/article/2024/may/02/car-insurance-scam-fake-damaged-added-photos-manipulated