US stocks11 Nov 2021 19:43
are absolutely going crazily up and up all the time.
I was looking at NVIDIA when they announced split to $200 per share. It dropped to $190 soon after the split and thought it will go down and now bloody hell it is at $304!!! That is equal to $1200 old price!
Luckily am in Tesla but the amount am invested in CINE is more than Tesla! :-(
Nowadays all prices are done by Algo. There is absolutely no correlation of the share price to the fundamentals of the business. My head spins when people talk about spread betting, put/call options. All these are in play in every share. Atleast in the popular shares and CINE being most shorted stock in UK, obviously there is heaving trading going on although volume died since almost a month now.
I'm hoping that once we have a positive outcome of the court case, we shall see a good percentage rise in CINE too. All the shorts seem to be betting for no news on court case but looking at the fast pace of short reduction by Polygon, looks like they are not taking the risk for staying till the case outcome. Shorts are not doubling as well like it used to pre-covid time.
Barbara heard all the arguments from both the parties. She now need to write some 200 page document to support her decision so that will take time. Most of the content in that document could be from the written submission from both the parties. She needs to pick the pieces put them together. We are now getting close to mid of Nov. Early Dec we might get news as I don't think she would want to keep writing the document about her decision all of Dec and into new year!