Member Info for TerryM1

Trek

Agreed, shorts do not have to close but it makes no sense keeping them open in perpetuity, you have to keep paying the fees and dividends and if your goal is to make money you need to close them to do this. However I guess you must have enough funds to cover losses on the short so will be called in if losses too large.

IB also allows you to put your shares up for loan for shorting if you have a minimum amount and meet some other criteria, pays half the fees to you but you can get the shares back at any time so IB must cover this perhaps with other people in the que for loaning.

Tazed

"shorts are not buying shares in open market is my understanding is they borrow already owned sahres via a broker, so how would impact the stock price."

Drag it down due to fact that the shares have already been sold at the price agreed for the short when the short taken out

and also sends a danger/sell signal.

As these shares have already been sold and at some point they will need close the short and to return the shares so will need to buy these shares . I guess that means there is a pent up demand for DEC shares which has been held back by the shorts.

My concern at present is HH prices, I know DEC is hedged (but different for latest wells bought) but this is not good if it continues especially as it has been going for so long.

Something has spooked the Uranium market, Spot down a bit but YCA falling with discount around 17% also Uranium miners down about 6-7%.

"Shorters are up to 7.6% now and 2 increased on the 15th July. What do the shorters know that we do not?"

As I was saying the increase will be at the current price so I guess if you think they were overprices a few months back you will be even more sure now.

Saying that I do not think this makes much sense but better to have a short at todays price than the ones they originally took out except for Adage. IF DEC SP holds up or hopefully improves would like to be a fly on the wall when the bosses of the companies and/or investors ask why the people responsible took out and held on to these shorts, no matter what you think of DEC seems insane to short a company on a rising trend.

2 days in a row SP has dropped sharply at the start of day just to quickly recover, just in case this happened yesterday I place a limit order which was above the lowest SP for today and above yesterdays LSE closing price but not taken up. Perhaps the spread was too big and missed because of that or maybe these are not are not real drops which I think is the case.

Shorts are confusing for DEC, why are they hanging on but should be remembered any increase in short position will be taken out on the current SP, there is a counterintuitive side to this by increasing short position at current SP brings the average up. Sort of Nick Lesson play and hopefully ends up with the same outcome.

Factors in play more now are the Cable rate (obviously always important as business in $) and US sentiment as US is taking over as the market which controls the SP, just in the last day the evidence is that DEC went up with the Russell but not down with the FTSE. Cable is more important now the US market sets the SP and LSE follows, all that really matters is the DEC US price and Cable rate i.e. LSE has become a side show as always. IMO sooner or later the LSE will be dropped and just have the US listing.

A lot of time when trading gold I noticed the main changes to the £ price was due to the cable rate, since Gold trending up given up playing the price and just holding.

Trump will play a significant part in the DEC SP, IMO should help a lot if he gets in but could be bad as he will get a lot more US oil production and NG is a by product of this, however I seen him encouraging more NT exports. For those who are tempted please don't start a political bunfight about Trump, I am not making at statement on Trump just how he could influence the SP.

"first 5min of trading was a bit of a fat finger opening lower to £11.61, you have to be on the ball getting in that low"

I missed that even thought I was at my computer at market opening, just was not quick enough, planning to buy in with the rest of my trading pot if I could get it below £12 but did not happen, perhaps should put in a limit order in case this happens again. Still over weight on DEC with my long term investment and half my trading pot which I planned to sell before now but kept as it was trending up.

"Buying the new assets with a large amount of shares will reduce the short % overnight"

Well that is one way to do it but not one I like, however it will not increase the number of buyers for DEC shares while increasing the number of issued shares. I guess the market cap will increase so some more will be bought by Russell Index tracker funds.

What concerns me is the dilution, the issue price and what is going to happen to these shares, will they be dumped on the market at some point or perhaps sold on mass to a predator, is there a lock in clause, it is possible the shorts are hanging on in the hope theses shares are going to be sold and depress the price. There are too many unknowns at present.

Yes this is the the tail of 2 markets, one healthy and vibrant in a growing economy and the other old over taxed and over regulated in a stagnant economy.

DEC now broken though $16, hope it can hold this and then press on.

The signals are of a rising trend so the shorting makes even less sense, if HH was to pick up we could really fly.

Jim

Good call 5000 is about the highest it has got to in a very long time.

Thanks Jim, you see where I am coming from.

I posted before and after each buy and sell with some explanation for my choice so I can prove what I did. The profits are small compared to my DEC loses but every little helps.

I noticed you also posted on ITRK, for me a great company that slowly but surely keeps improving turnover and profits.

Gohanito

You make a good point and I do not regard myself as a good trader, however I have traded a lot more than just a few days recently with success with DEC and CCJ but decided to post the last few DEC trades as they happened with some explanation after the remark from pickedpeck, usually I say very little about my trades. However if I was that good I would not have got caught up in the disaster that is DEC as my investment side is in heavy loses.

As a general point I used to go along to a trading club mostly amateur but some professional investors, it shut down because of Lockdown, it was a real insight on how it is done. If I used what they always kept saying which is to set your loses and get out (as well as your profits) I would not be so heavily down with DEC. Most of the people had a strategy which they dry tested for many months constantly improving and retesting with back data, when ready they traded with it usually with good success. This was TA and a lot of maths and curves involved, MacD was used a lot with different settings, most used vectorvest which is a very effective trading tool but also very useful for back testing your strategy but takes months to tailor to your needs. If I ever get time I will start using vectorvest but takes a lot to learn and use it to good advantage.

Just traded out at £12.03 as not keen to hold these overnight but still keeping my main investment holdings and averaged up a bit more.

Also will not be posting much on my trading for now but only did this because of a sarcastic remark for pickedpeck.

"If it's that simple Terry why aren't you in profit here?

Surely if you can see what's going to happen next with the price you will be making millions as a trading genius"

Now let see what you can do, post the trades at the time you buy and sell so there is proof.

NY have dragged DEC over the £12 resistance point, I think this has not only been holding back the UK but the US as well, however not sure it holds this tomorrow when NY not open. Should see a bit more in NY tonight as Dow is up and when LSE is closed.

As I said in my previous post as pre market volume is low don't add too much weight to it but worth a look. Also look at this for CCJ which I have been trading but again do not put weight to it as always seems to be low volume.

However on the days when it is high like the entry in to the Russell index it becomes much more significant.

Tazed

I will either buy in when the price is low and hold for time recently below £11 or try to play the difference between UK and US with a stop loss in place to stop it going horribly wrong. Fortunately II do not charge to place a Stop Loss.

Would advise anyone thinking of playing this to consider putting a stop loss on just in case.

Jim

Bought about 10am this morning at £11.72 (including costs) what I sold Friday for £11.80 (including costs), pre market was about £11.80 at the time, last pre market trade about £12.10, UK price to sell £11.90. However as pre market is low volume don't add too much weight to this, I am expecting NY to open a little lower than Fridays close but hoping to get a bit more profit before LSE closes, as always who knows.

Saying all that only trading a small amount so compared to my overall lose not a lot but I live in hope I can up my average a bit, what else can you do with this share.