RE: Reported Todays Events To The FCA4 May 2023 23:06
Today the longs got burnt and tomorrow the shorts get burnt but some just have a laugh at it all. Only those that orchestrated the game could make any money.
RE: Reported Todays Events To The FCA4 May 2023 23:00
Decline likely fuelled by FUD which caused both shorts to add and long PIs to sell. Likely all induced by non holders just having a laugh playing the social media game.
RE: Reported Todays Events To The FCA4 May 2023 22:22
I don’t think the shorts played it well. Did they close? ? No they likely added on FUD. The main losers with be PIs with stops however I assume most will say nothing but looking a the trades…..?
Oke Do you have the Bloomberg article? Does it say ‘Bloomberg analysts, attribute a sum of the parts value of £2.7bn’ and MM wants 270p. Suspect a lot of misreporting and I was in meetings most of this afternoon and couldn’t search much info. Thanks
Went onto LG web site. Actually looks like a lot of IG traders sold on the dip. Stops? today 75% sells Last hour 95% sells 96% long 4 % short Short highest for quite a while.
Move below 110p did not seem to trigger any sells. That's hopeful but looks like a repeat of yesterday. Support on buy side came back after dip but strong sell side since open. Likely someone short of shares?
Suspect you are right. Book indicates as yesterday 120p is a firm barrier. Let's hope support remains around 110p? Mr Market still not believing any bid above 130-150p? Let's hope he is wrong.
Don’t dismiss the 250p It sounds a lot but it’s not when you ‘add the sum of parts’. The problem is the current/previous valuation but no point debating the history at this point. IMHO
Off book trades could be a buyer or sell as the time and date are not logged at transaction time. Likely to be a part of a hedge fund short close from earlier ? IMO PS I assume you knew that?