Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Should add expected new claims was 950k. But 880k
880k lower than expected.
Can expect happy DOW.
I suspect AMC's position is recycling Retail Investors between short and long. Probably compounded by CFDs leveraging increasing the volatility.
They keep getting 10/15/2-%+ boosts and then loosing 2/3rds.
Robinhood seems to be dictating things quite a bit with what was previously considered a zombie company (now not so much admittedly)
So they're seeing shorters thinking twice and more long positions (based on SP retaining some of the jumps)
We have 8%+ shorted. Not low even in normal markets.
So unless they leave the game if/when they can, they'll get squeezed.
Just a question of when.
The order book gives a view on what buyers/sellers may be prepared to pay/sell for.
BUT these orders can be changed.
https://shorttracker.co.uk/company/GB00B15FWH70/
Adelphi did the in July!!!!!
Latest changes are shorts only decreasing.
Unlikely.
So we're still waiting
dumpties =>numpties
@Moola
Quite correct. Having worked in investment banking for way too long, this is pretty much the case.
Risk is evaluated and balanced against other assets using negative correlation, which basically allows a trading desk to leverage significantly, within a pre-determined risk position, but maintain a relatively stable position. Basically they're very good at playing Jenga. Other risk factors not excluded.
Plus, the risk is not the traders, but the company's. Altho' this could lead to casino banking it also has the distinct advantage that it adds cold rationality - basically taking out of the equation the emotion you mentioned. Increased oversight these days also in play to monitor any trader going too far.
As for games, it's more about recognising trading patterns and the movement of algorithmic trading - basically to optimise timing and sometimes intra-day benefit.
What we know about Cineworld, is the increased buy-in of big institutional players. They are not dumpties. The larger the position they have the longer they are likely to hold it simply because it carries inertia - harder to dump/acquire without screwing the SP and becoming counter productive.
So with a number of players now with significant holdings, you have to assume a much much longer game being played - with a serious focus on both SP appreciation and return on equity over time due to future dividends geared UP due to such a low capital stake. This BB has already noted some of them switching from short to long to boot.
OK, we know shorters and retail investors muddy the picture, but this is an increasingly long hold.
Daily/weekly fluctuations happen. This is only a serious concern if that's your trading horizon.
The expected rise over the weekend was largely predicted.
Day traders would naturally sell for profit, but only down to the open price.
Shorters also expected this and so have tried to add to the day traders profiting by jumping on their sells.
Last Stand desperation.
We're still waiting for the details of Mooky's positive news.
Day trading only goes down to the open price.
A few may have decided to go for overnight-night risk.
This looks like the 'Shorters Last Stand'.
Upwards pressure just keeps pushing back.
What if the studios had formalised cinemas theatrical window and AMC/Universal decided to call theirs a day?
OR it 60+ exclusivity with VOD percentage afterwards?
This was pretty big news.
Helps mitigate the risk of covid being hard re vaccines.
Also for the short term, could give everything a lot of clarity in a sensible time frame.
So good news week. Abbot, Powell and Mooky can actually smile once in a while.
Settlement is T+2
Depends if it's a notifiable percentage.
A lot of players deliberately aim to be just below, so we'll see.
Best situation is out of hours trading pulling price up before then.
Means (most) day traders won't be trading any opening rise of the SP.
More interesting is who holds significant long positions now.
Morgan Stanley and Polaris Capital, love them or hate them, are no mugs.
Still price is seriously low, so now the SP has shown some stable form, next week may see interest/volumes get quite active.
It's always the last big trade at 16:35 to set the close price.
Seems that way.
Any trader worth their salt would have jumped when Mooky let slip that rare smile, let alone what he said.
hear => hear (hate auto complete!)