RE: Blimey the MMs must have been P@ssed5 Oct 2023 20:25
Solve this little riddle.
When is a daily rise of 6.27% not a rise of 6.27%?
Answer,
It is not a rise on your HL account valuation but it is a rise acknowledged according to your HL Watchlist but without adding the +6.27% valuation onto your watchlist valuation.
So yesterdays valuation of your account on HL was exactly the same as todays valuation.
Caused, of course, by HL using the bid price as the share price.
Makes you feel that HL goes out of its way to help out it's poor shorters and to show lower valuations??
It does not really affect account values overall but it can be misleading. Other brokers do the same of course but some eg, IG and some other brokers use actual share price for their daily account valuations but even they can be a bit inconsistent at times. IG used 6.1p today as closing share price.
Will todays rise be taken back tomorrow (friday) or will it hold or even be up a little more?
It all comes good in the end for GGP though.
GLA