Member Info for teslo

There are some great books on trading mindset by both Mark Minervini and Mark Douglas I rate them above anything fundamental and technical analysis based.

They're probably free on YouTube or Audible.

They borrow the shares from existing holders from brokers, unless you have sell order limit placed with your broker they're free to " lend " those shares out.

Marshall Wace could be shorting for any number of reasons, hedge funds are never normally more than 70 % long, so they will always be shorting 20-30 other stocks.

If RMG continues to make a profit in the 300-500 million range on an ongoing basis whilst it continues to streamline and modernize the business the shorts will eventually get burned as they did in September 2020, especially if they pursue the share buy back long-term.

If the price falls too far they will also just step-up the buyback daily rate as they still have circa £165 million in the pot, the BOD knows the fair value of the company. At today's closing price of 435.2 that is 37.9m shares,

Daily volume on RMG is around 2-4 million shares on a normal trading day so it seems that only people selling shares currently is the shorts. Marshall Wace are short circa 8m shares and RMG has the funds in reserve to buy 37.9m shares, they are probably hoping the shorts increase simply so they can buyback even lower and currently RMG have the buying power to burn them them on any given day.

Fundamentally the only problem the company currently has moving forward is controlling the labour costs, 15,000 being of sick during covid resulted in £300 million additional costs. GLS is continuing to grow and as people were saying in 2019 it is probably worth more than the market cap alone, nothing has changed their.

Short-term if the market crashes and takes RMG with it, we may see a repeat of the past, but that will just create another opportunity as it was at the end of 2019 and early 2020.

The fundamentals long-term for RMG are also a lot stronger now than they were in 2020.

@Angel whilst debate is normally productive on this board, the mixture of bulls bears and clowns make it highly toxic also.

@Hudson making it a more attractive buy this morning.

Good luck

@Angel If it was a lottery the same people and companies would not make a consistent profit year in year out.

The Market says the company is worth £4.2 billion today, fundamentals may count over the long-term, but technical analysis is far more important over the shorter period because institutions and market makers move markets not private investors and institutional bots are programmed with technical analysis and they trade probabilities based on that along with fundamentals.

I remember 2019 when the price was hovering around the £3.50 - 2.50 level and people on here were raving on about fundamentals and how GLS was worth more than the market cap etc. That did not stop the market taking the price to below £2 multiple times pre-covid.

If you're basing your investment/trade on fundamental alone, then trust your judgement and forget about it. I have seen people from the past who used to post here make bad and costly decisions, purely because they post on these boards day in day out and it impacted their mindset negatively and when the price dropped and a lot of them sold before the huge rise.

I respect the employees knowledge on this board, but I observe a lot of the boards on this site and when I see posters, post day in and day out with zero technical analysis it screams out gambler to me. I'm not saying that is you, but a good tip is if you click on a persons profile and find they're posting day in day out on multiple AIM share boards, they're normally clowns and 100 % gambling.

They call themselves traders, but they're trying to trade stocks with a 5-10 % spread day and then they wonder why they can never make a profit trading.

Good Luck with everything.

I did not proof read the last post, but I hope you get the gist.

As others have said with shares you can ride out any storm and RMG will be back to its former highs at some point in time, how low it goes before then is anyone's guess and out of our control, hence why shares is always a better option, especially to people new to it.

@Angel is your holding in RMG a SB or a CFD, if all or part of it is, then it is having a detrimental effect on your mindset and postings.

I'm not sure what the current statistics are but 80 - 90 % of those people lose money and very quickly and boards like this full of those types of clowns. It's always better to do your own research than rely on anything you read her otherwise in 20-30 years you will be as bitter as @ispy

A close above 4.41 would be a real positive and the fact it seems to have closed the gap from yesterdays close and bounced off that level is also a positive.

I am still holding other shares in the company that I will not sell until my targets are hit and the fundamentals remain strong.

This share becomes very tradable though when the VIX is above @20

@Angel I am not trying to guess the bottom, I just traded what I observed.

i was in @429 and out around @453.5 in under 24 hours and am very happy to have navigated my way out for a profit.

Good Luck.

The price started to tank when the FTSE went into intra-day auction both at 10am and then again at 12pm during the second auction.

After 10am it held the 4.55 level, but after 12pm it tanked, it's during these periods that the shares RMG are buying back will be bought and sold.

It's always worth watching those time periods because that is when the institutions are moving funds around and they're what move markets, not retail investors.

It's the market and the algorithm trading bots not the company, they went looking for stops yesterday and the share price is fragile at the moment as is the market.

The company's fundamentals are pretty much in line with expectations and have not changed since last week when the price was over £5.

With the @VIX over 30, 20-30 point swing will be the new norm.

Good Luck.

I actually placed a stop when he posted just below the support of 4.55

Two years ago I made my first post on this board and in that time people have come and gone but some people never change or learn.

Too bad the price couldn't hold the 4.55 level today.

Hopefully it gets back there soon enough, I may buy in again if it tanks to the low 4.20's

Closing price was 4.36.6.

The Dow has bounced and regained 1100 points from the low of the day. FTSE futures now 7375 up 78 points from the close and 150 from the low of the day 4 hours ago.

Hopefully, it holds the gain overnight and pumps tomorrow.

Long-term you're correct, but in the short-term I would expect a bounce to occur considering the last 17 days on the Dow.

13 of the last 17 days on the Dow have been down days.

13 - 4 losing to winning days, hopefully the short-term bottom is close to being in.

Expect more carnage tomorrow the Dow has dropped almost 1,000 points in 3 hours and FTSE futures have already dropped another 65 points since the close an hour ago.

Extreme volatility is back.

I just bought the ones I sold earlier today back @4.29

Volatility is going through the roof VIX @37

@Anger In America the sell-off already started in November when the tech stocks started to tank.

For me personally, it was just a quick in and out trade and I realised I mistimed it over the weekend when the FTSE futures traded in and around the 7400 level and although it recovered on open it was heavily sold into once again and I got out of the trade.

I still hold other shares in the company that I will keep until they hit my sell targets.

7400 maybe a short-term bottom, but at 7400 outside of an RNS the algorithm bots will take RMG along for ride down.

Good Luck.