Member Info for Stupmy

It does make me laugh to see this. Pretty well everytime a broker note favours the long side, it's viewed by punters as 'on the money', when it favours the short side and it's going against the punters views 'it's utter tosh'. You have to love human nature.

Having said that every bit of good media will be helpful to us I guess.

I get the feeling that that is just a list of the top 10 holders. It doesn't tell us what BoA position is, although I assume from that, that it's below 1.8%

So does that mean BoA are now out? Or below 0.5%?

I've not followed it closely, but I think it's well regarded.. Having said that, if it has a lot of commercial property exposure at home or in Asia, it might need that cash to hold against bad debts. I struggle to believe the banking sector is out of trouble and personally think we'll see more cards fall.

I have to say I suspect that BoA selling is the cause for the EZJ drop. I have no idea what their rationale is. Could simply be that they need the money for something else, either what they view as a better opportunity or to shore up some form of weakness in their lending books. Could be a myriad of reasons and it could be nothing to do with EZJ specifically. For me, I accept it's happening, I believe for the moment it is what is suppressing the SP and I assume, barring bad news that once it's finished the SP will stabilise and hopefully rise to retrap some of it's losses.

If it was carrying excess baggage in the hold, it certainly seems to be in check-in at the moment.

Happening on the US composites. That won't help sentiment tomorrow if it doesn't recover.

As a follow up, here's an annotated chart. There's really too much detail and you should be very careful in over-doing the detail, but it just shows where we are and some possibilities.

We're at 458ish which is below the 50% fib retracement. I haven't put indicators on, but the accumulation/distribution indicator shows no let up in the distribution. That gives little confidence that the drop is finished. The dotted blue line is the 440 area suggested by another poster previously and is the 61.8% retracement, but also fits roughly to an area of support (there may be buyers around that level). There are no hard and fast rules, but the dotted black line is a rising trendlien support that shouldn't be ignored and fits wtih the views of others on a level around 400 being of interest. Just above this and not visible on a daily chart, there's a gap that would close to 423ish. In my view if it did close then we'd likely touch the dotted trendline around 400. Nothing is certain, no-one can see into the future so you have to make decisions about how much pain you'll tolerate each time you enter a trade.

Fingers crossed we do get a bounce from the 458 area.

https://screenrec.com/share/s8bwUjWF02

That has to be important going forward. Automation has to reduce head count and costs on salaries. I'd say industrial action by these people would like accelerate the take up of automated solutions.

I have it as just about saved by the bell. Came verry close to marking a new low and that would have favoured a drop to the 441-443 area for the next decision on where to go. Looking shaky in my view but held just about for today.

The volume ramped up on that rise. Be interesting to see what tomorrow brings.

What is going on with it!

I'm not really sure why you couldn't look up the information yourself, but here is what you're looking for.

https://screenrec.com/share/pqIOA3hGao

Well, I've added at the low, but I'm not comfortable with the shorts rising. My positions remain very small compared to my positions previous to MKS results.

Millenium have increased their short by 0.06% again. Takes us to 7.8% in total in declared short positions.

And I was quoting the OCDO price at 345 so sorry for that. EZJ currently (live) 466.7.

There is no 'might be Ganners' and there is no 'LSE is wrong', you're wrong, because you don't understand the data you're looking at. Own it.

Ganners, LSE data is 20m late. You're looking at pre-open spread as the MM's jockey for position.

I have it sat at 345 and the low as having been 342.6ish. Were you looking at the pre-open spread Ganners?

Maybe, but I'd have thought them showing strength in what could be a difficult operating environment is a positive for the sector.