DimBoy hahahaha... You're like a broken record... Shorts are immoral and repulsive hahaha... Please Google how the stock market works... I'll say it again... No one on this board even if culminating everyone who posts would make a dent in the share price for RR so run along now I'm sure there's a paper round for you somewhere
Yeah already averaged down from 1600 at the start to 199.9 now lol... Was gonna again Friday but couldn't get my funds over to IG from IBKR in time but looks like its gapping up Monday morning so will average down 8am prob before the instant drop if I can get it in time
Lol obviously I'm 75% down now... Sold a bunch of my penny stocks on IBKR to top up om IG as you can't trade 3xSRR on IBKR but missed the cut off and not gonna sell any of my other shares on IG so will leave my average at 199.9...always said last 2 days before 23rd would be green... Shoulda done this is advance
It doesn't have to be in 30s at all... Lets say tomorrow RR drops 10% to 205...x3SRR goes up 30% to say 90 for sake of ease of calculations... Next day RR drops another 10% say to 180...x3SRR goes up 30% to 120... Next day again it goes up to 160...lets say it all stays there for a weekish and 28th RR opens 60p and drops 10% to 54p...x3SRR goes up 30% to ~212 or its equivalent value... 4 days required...need I go on? 49p = 280 etc
@tradingplaces yeah I was with you for the job part haha... I just don't believe 4 days is a looooong time.
@Jnoor hmmm not depends what its at on 27th...I believe my 3SRR will be in profit on 27th which will be 300%+ on todays sp...depending on how much I may take out half or not... I believe after 28th the price will drop after the readjustment meaning a higher % change to benefit the 3x...equally higher risk is the RR price goes up but nothing has changed in the last few weeks apart from less flights, less countries on the travel corridor and more lockdowns so only see it dropping until Q2 2021
"Without entering into the morals of shorting, if Ratty's AV price using 3SRR is 199 (current 3SRR unit price is 60+p) it would make zero impact on Rolls sp and the SP would need to plummet before he made any profit.
For example the highest it was today was just shy of 75p when Rolls was at its lowest at 211.
Even if he holds those shares post RI, they will be marked down to the same percentage of the Rolls shares at that time.
I think it will be a loooooooong time until he makes a profit from going short."
Is 4 days a loooooong time then? Because Monday last week the 3SRR was at 60 and by Wednesday hit 170 when the RR price only dropped to 180...so ummm yeah don't know what your definition of a looooong time is?!
Haha cheers tradingplaces... And you.. We all in here to make money one way or another.... Without someone losing there can't be winners... Just like there's no life without death... I'm actually not a fan of Istanbul tbh... Too busy and too many locals trying to hustle a single Brit guy... Fly East tomorrow