Member Info for SEA7

exactly poker - one company I know, that uses significant amounts of fuel each day, hedges around 75% of annual consumption in three year deals.

They only buy about 25% at spot, if that.

boyo,

i anticipate that once sentencing is done, they will then decide whether or not there is any reason to continue or simply impose a fine.

the Paul Bond trial is still ongoing after nearly two week of daily court appearances. The second witness is still giving evidence after several days of doing it. - the SFO may be looking to see if anything still crops up from this.

if your investment horizon is a couple of years, then buying now is the right time - probably won't be a better time to buy, even if it is or isn't the exact low.

if your are trading it and plan to be out by the end of the day/week or before the sentencing, then sentiment is your driver and not fundamentals, as the short term picture isn't and won't bear any real relationship with the underlying business.

we may see a nervous drop, running into the sentencing day, however, think of the company without SFO and it looks so much better and very attractive at these prices.

nice!

BlackRock Inc, the world’s largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer’s shares.

The asset manager owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020, a regulatory filing showed on Tuesday. (bit.ly/39nfDwv)

Assuming no change in BlackRock’s position, the value of its stake would be worth $2.6 billion now, compared with $173.6 million as of December.

not forgetting that the lender charges fees for loaning, which covers some costs of paying you, if you sell and they don't have them. Then there is the chance that the stock goes higher than what they paid you and they benefit further by selling the actual shares later for more.

ahh..that is the thing boyobach

your stock is held in a pool and unless everyone sells, then it is likely that they just sell some from the remaining pool and leave the rest on loan.

if they genuinely didn't have any to hand, they can just accept your trade, pay you the agreed price and then recover their money when they actually get the shares back, after all, they are the legal owner, you are just the beneficial owner.

thanks hereshopin - guess thats at least one that says they don't

and some margin accounts, specifically state that your stock may be lent, in the contract.

boyobach

what some forget is the all shares held in nominee accounts can be lent out by the brokers for a fee to shorters - in other words unless you have yours in your own name, in a crest account, chances are, your broker lends out your stock - you won't know.

this means the pool of available shares to borrow for shorting purposes, can be far larger than some think.

i wondered that also

that would be a massive mistake on the hedgies part - they would draw attention to the stock and then a much more concerted effort to push up the price would take place.

e.g 3.6 million users all buying a tenners worth of stock each, every day for a week - makes a difference (max exposure £50 each) £36 million of buys a day for five days.

https://shorttracker.co.uk/

PREMIER OIL PLC 12.6%
PEARSON PLC 8.5%
CINEWORLD GROUP 8.4%
PETROFAC LTD 8.2%
SAINSBURY (J) PLC 7.9%

What investors in the U.K., at least, will find is plenty of websites that lay out which stocks are the most shorted. So those hedge funds may be starting to get a little “uncomfortable,” he said. As for those investors, “just be prepared to jump out as soon as there’s any indication the tide is turning.”

https://www.marketwatch.com/story/gamestop-inspired-some-of-europes-most-heavily-shorted-stocks-are-soaring-11611757459

Paul bond has been in court every day for well over a week now and in court again today ...witness number two is continuing at present

here, here shrewddude... I have lined up a sizeable chunk to be deployed if they try to take it down again.

thats the risk for them....the actual owners of the shares, see the price rising and decide to sell, the shorters get called to hand the shares back - they either borrow more to cover or buy back.

I note that articles about petrofac do appear on red dit sits feeds..

www.reddit.com/search/?q=PETROFAC&type=

note that articles about petrofac do appear on the site newsfeed

https://www.reddit.com/search/?q=PETROFAC&type=

that was done also to try and take some of the enthusiasm out of the stock - guess the shorters are s**tting themselves, as PFC does have a lot of buyers and it is well known as the fourth most shorted stock in the UK. It is a definite target in the UK market for a concerted long attack.