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It hats the case surely the shorts would be increasing.

Looking at the short closure over the last week or so, it's great they are all reducing although share price hasn't seen a direct impact yet.

Question I have for some of the more experienced guys, as they are reducing this would typically indicate they have seen a change in the direction of the company (perceived or real knowledge of an event or change) or found another victim elsewhere.

If Metro was going down surely they would have stayed firmly in , anything I'm missing.

I'm guessing we will get another reduction today / tomorrow based on what we have been seeing.

Given we have seen a change in general outlook from the Fool, is this merely a coincidence given Odey etc reduced their shorts a few days later?

Fully agree, I have to say I have learnt a lot about how I react in time of panic i.e. big drops.

Definitely a great test of character, I definitely need to study vulcan logic more ;o)

Thanks Matlot, Pokerchips.

Sage advice, have to admit even if Metro ends up being good or bad in the end it has taught me a lot about the stock market and the challenges a PI faces.

I can make the money back as I have a well paid job. Still the shock of seeing money it took months to earn wiped out in one bad RNS is a sobering experience.

I've also learnt not to panic in such times unless well founded and to invest long term after doing a few panic trades recently. Anyway, keep posting and I will keep learning ;o)

Hopefully our man/woman comes on here happy tonight having read this providing they are real, only seems to post on the down news so hope to see them on the positives for a change.

Hi Matlot,

I often read your post with interest being a newbie, do you work in the industry? Alternatively your very well studied or dam lucky with your observations.

Either way, any recommendations on good reads? Read the Naked trader, Intelligent investor (not quite there myself) and a couple of others. I guess no substitute for experience.

Anyway, back to Metro. Do we think the rest of the shorts will reduce having seen that, surely it becomes a game of risk

Absolute luck, lost faith in EUA so dumped the money here instead as EUA seemed a bit too much of a gamble for my liking. Here it will stay ;o)

Fantastic, I purchased another 10K not long ago around 1.78. Pure luck on my part, hopefully a sign off a turn.

Drop the price down like appears to be happening to spook people to sell then escape slowly.

Agreed guys, let's try and keep civil. We don't want this to end up like the ADVFN metro board. That was atrocious, some great talk on here and good to here different views

Simpler then that is platform operators miss configuring infrastructure, especially Cloud services and containers.

From a security and compliance perspective, I see some woeful things that would make me never want to bank with certain organisations, to balance it out I also see some very mature operations out there... If I can attack the infrastructure , I don't need to worry about going after the end user.

Saying that, OTP etc are good things as it helps prevent some of the common issues related to password reuse, I'm more concerned about old android devices that have never had a single patch. As you say Matlot, when malware or a rootkit is combined with a free game it's easy to get access to an end users handset. It's amazing what people do to avoid paying for things

Definitely, I saw a press release the other day from them stating how they want to give choice whether it's branch , online or mobile.

Given the recent partnerships they announced with three tech companies to develop their platforms it appears they are looking at this, interestingly on a corporate side I have worked with most banks around UK and Europe.

Out of interest, anyone ever use their mobile app? I'm with Santander and theirs is atrocious, only stay with them as I have a very compelling mortgage and don't want to upset the apple cart when I move house next year

Only one I haven't is Metro.

But the article has a positive ending paragraph..

Painful to be underwater on MTRO for now, but Contrarian remains hopeful with such a massive discount to book value, reducing shorts and the Glinski 4% stake build. An interesting end to 2019 I would bet on this share

Given all the doom and gloom, let's have some positives.

- Shorts reducing
- hiring new Marketing director from RBS (would have done her due diligence)
- New stores opened in Liverpool as TSB has another meltdown.

Things certainly look a lot more positive then the days when we were back down at 156 and they fudged the MREL .

Enjoy the weekend all.

My mistake

Looks like CPV Metro Investment, LLC has acquired 7.6%

If he carries on running it like he is , he will be able to buy it outright soon with that 2mill, maybe that's his plan

Also, a silver lining maybe is the shorts appear to be reducing every other day, could this be to cover their exit?

Remember we have been far worse off before when we were back in the 1.56 range and there were lots of unknowns, keep the faith or look at some of the advice others have already provided.