Member Info for ToffAppleton1

Sold one third of my Glaxo holding this morning @1285 (at a loss) before the dreaded dividend to pacts the SP.

I’m expecting the market makers to smash the shareprice for the rest of the week. (They’ve already started)

As I predicted before, the shareprice would drop before going ex-dividend (as uk shares usually do)
Looking to buy back at around 1220 Equivalent to about 65p dividend minus costs.

Fats

“quote from Paul Tudor Jones, besides Jim Simons,”

Losers average losers is the condemnation of traders who average down in a losing position. One of Jess Livermore’s market doctrines warned about adding to a losing position. He advocated averaging up - or adding to a winning trade.

Averaging down is a mistake we see all to often from posters on these boards. Some of them even end up ‘all in’ in a single stock as a result of averaging down multiple times. It not only ties all your funds up in a losing trade it prevents you from making any money from other trades.

But that’s not to be mistaken for ‘size-positioning’ which I do myself. Rather than buy in in one trade I prefer to make three or four trades because the shareprice unusually drops.

Only hindsight traders catch tops and bottoms.

Pap

“Today NYSE was closed and FTSE went up 2.5%, questions: Did it go up because
- the shorters went to enjoy themselves and gave us a breathing space”

It’s no secret that hedge funds collude to determine shareprices. That’s why shares under downward pressure fall more in the afternoon. That’s when the big bad hedge funds on both sides of the pond team up to smash their victims down.

Poker

That article from SimplyWallstreet looks like misinformation to me.

“Readers will understand then, why we're concerned to see GlaxoSmithKline's earnings per share have dropped 7.9% a year over the past five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls”

If you go to their website it says EPS have risen 27.5 percent in the past five years - which is probably the real figure. Glaxo’s EPS beat expectations in the annual results even though revenue fell slightly short.

I notice the article leads to a sales pitch at the end. My take on it is there’s a douchebag looking to scalp unsuspecting investors who gobble down anything they hear. Lots of misinformation out there - it’s endemic on the internet - and there’s usually a hidden motive. Always best to stick to credible sources and cross reference information.

https://simplywall.st/stocks/gb/pharmaceuticals-biotech/lse-gsk/glaxosmithkline-shares

Papucel

“My entry point was 13.61
I will take GSK to my grave,”
____________

Maybe share trading isn’t for you.
If you’re contemplating suicide over a relatively tiny loss (about 8.5 percent) you shouldn’t be trading stocks. What will happen when you pick a real dog and it crashes 40-50 percent?

I hate to think!

You must be inexperienced if you consider that an irreparable loss. Seems to me like you don’t have the right temperament for trading if you can’t tolerate small losses (which may only be temporary)

The MMs convene before a share goes ex-dividend to decide the post-dividend price (trading range)
What that lower price will be is as yet unknown but it’ll be greater than 23p. We could see 1225 on Thursday.

Markets like round numbers so the obvious support level is 1200. I’d imagine hedge funds shorting it will be eager to break that level with hundreds of one share sales.

Gary

“My view is back into the 13's next week ahead of the DIVI. “

It’s a misconception that a share rises as it approaches ex-dividend date. More often than not it just treads water or even falls. As with Glaxo today. The MMs are discouraging people from selling.

I was holding Imperial before it went ex-dividend 3 months ago and I think it fell the day before ex-dividend. In the days following ex dividend it fell by another four times the dividend (190p) on a dividend of 48p.

In my view the best time to buy a share are in the days after ex dividend- when shares usually get smashed.

Imperial’s share price did recover fairly quickly and I made some decent money - but not as much as I’d have made if I’d sold three days before ex-dividend.

For those who are interested Imperial goes ex dividend this Wednesday. 48.01p
Same day as Glaxo

Crédit Suisse fined $600 million by the US authorities for mortgage fraud dating back to the financial crisis. That’ll put a hole in their profits hahahahaha!

Latest of a litany of scandals to hit this immoral bank.
Don’t be surprised if they’re not in the dock for insider shorting manipulation next. As a UK market maker, using its brokerage arm to dish dirt on honest stocks and then shorting them flags up a conflict of interest and reeks of corruption.

Papucel

“Well your statement should have read "in my opinion Spikeyj is a troll" NOT that he is one”

He makes no secret that he rats on posters. He informed me he’d ratted on me in more than one post (you can find it in his posting history)
I wouldn’t have minded if the post had been directed at him, but it wasn’t. I’ve never engaged with him, he’s on filter and there’s no reason he should engage with me, other than to troll.

I enjoy fierce debate but I can’t abide grassers and narks. It’s the most unmanly of conducts.

“Tell me please with your wealth of knowledge wne it will get at 13.70”

Steady on papucel. It’s got to bottom out before it can rise. And that’s not going to happen anytime soon;)

Papucel

“Toff, someone on this board suggested that you and TR may be the same”

I’ve got no truck with you. I find your posts generally well thought out and we’ll presented. I would suggest however that you desensitize; if posters make negative comments about stocks you hold don’t take it to heart. It’s not a personal assault on you it’s opinion on a non-animated entity.

I think you’re all wrong about TR6. I find his posts very informative and well-researched. And don’t forget English isn’t his native tongue so I’m guessing you may have interpreted them wrong.

Also, I’m not sure, but isn’t that the case with you too?
Because English isn’t your first language you’re misinterpreting the true meaning - losing it in translation?

I’m proficient in both French and Spanish but I often encounter interpretation issues when reading/translating books and magazines. The problem with languages is that they can’t be interpreted word for word and there in lies the capacity for misunderstanding.

Druggie

I know exactly what to expect from Glaxo. I made the post below on February 5 last week. It could have been written today. I called 1188p as bottom in another post last week. One thing you seem to have overlooked when investing in Glaxo was that it belongs to the world’s worst performing stock market. That doesn’t bode well for an investment. I’m surprised a high roller like you never considered that factor before piling in.

Since 1999 the Dow has almost quadrupled compared to a tiny 10 percent rise in the ftse100. It’s not just Glaxo that’s getting trashed in the UK it’s Unilever, BATS, Shell, Bp - almost every constituent of the index trades at a hefty discount to global sectors.

The ftse100 is where the bears come to hunt. The Dow is an engine of wealth creation - the ftse100 an engine of wealth destruction. That’s the difference.

______________________

“Expect bear raids by hedge funds working in unison after any small shareprice rise. The bear raids will come in the afternoon - that’s when the falls will happen.
With so much downward pressure from market forces I expect the shareprice to follow the “line of least resistance” which is down for now. But if past performance is anything to go buy any drop below current levels should only last a few weeks”

Anditsgone

“DMP pulled the plaster and is now on the road to recovery.”

I’d take everything with a pinch of salt that you read on these boards. Anyone can come on here and post anything they want.

My opinion on Druggie was was one big charade. All fabrication and hysteria. Be especially careful of posters who constantly post “hindsight trades” anyone can pick out the winner of today’s 2pm race at Epsom in tomorrow’s paper :-)

JK

“With 2629m shares in issue, 1.38m shorted shares is insignificant, surely.”

Over 70 percent of Unilever shares haven’t been traded for several years - lot of long term holders.

Short positions have increased considerably since the results. The madness lies in large shareprice falls when volumes are wafer thin. And this is where the hedge fund scumbags twist the knife. They ensure they inflict as much destruction as they can with relatively few shares. Over and over again. A few shares can determine the SP in thin volumes.

TR6

“I violated no rules, or was Libelous, and LSE have acknowledged that fact.”

Why do you even bother replying to that troll (spikes) - can’t you see he’s trolling you?

Do what I did and filter him out.

He’s got nothing of any value to add - everything he posts is worthless.

But the real reason he’s on this board is to troll
And report others people’s posts
And threaten them with absurdities like libel action

When he’s not trolling
He’s ratting on people
And when he’s not ratting
He’s trolling

Your posts are informative and useful
I’d advise you not to waste precious time replying to posters who are quite obviously disturbed.

I’m amazed LSE pay attention to a serial-ratter.
Nothing to offer himself so he constantly reports trailblazing talented posters. LSE should kick him off these boards not the posters he rats on.

Anditsgone

“Sadly I think it's time to go. I made a mistake, and have paid for it.”

I’d hold your nerve as long as you’re not trading on leverage. Your reaction is exactly what the hedge fund shorting cartels hope for from retail investors.

It’s going to be a rocky ride - these hedge funds have tens of billions in funds so can inflict grievous damage but there’re institutional buyers too when it falls to a certain level. Not all brokers rate this stock so lowly - only the ones which are implicated in the shorting. The median target price is something like £16.50 or thereabouts.

Don’t expect any favors off market makers- some of whom, like Credit Suisse, who are mega-bearish on Glaxo, are actively involved in trading Glaxo shares as a market maker.

Telling how the MMs even conspire to smash the stock down even further after market close. That’s a regular feature with Glaxo these days. Closed lower than day low yet again.

The shorters certainly do the talking and pull the strings

in the Permabear 100.

As of December 31st, there was short interest totalling 1,380,000 shares. That number has increased considerably since the results.

It has to be remembered only a small amount of a company’s shares are traded daily, so hedge funds shorting Unilever are having a large impact of the shareprice movement.

The hedge funds leading the cartel to drive the SP down are

1)Millennium international management
2)Landsdowne Partners
3) Pentwater Capital Management

Aided and abetted by numerous smaller ones.
In order to do maximum damage to Unilever they wash trade or churn their shorts - meaning the positions are constantly opened - closed - reopened - to amplify destruction.

Poker

I’m in Glaxo at £14.10 which I thought was cheap at the time. One needs to remember that we live in an era where shareprices are determined by artificial intelligence in the form of algos which are programmed by bonobos who collude to program those algos to drive shareprices in their desired direction.

I’ve noticed that the UK’s biggest companies are now in the crosshairs of this price fixing cartel. The Permabear is a bears hunting ground - owning shares in it is a blood sport - but not for the investors - we are the hunted
It’s the market’s dark forces who reap billions from trashing Britain’s most valuable companies into the ground.

I bought Glaxo in place if a non- interest bearing savings account. The money I expected to make on it was modest rather than negligible, but I didn’t reckon on a war of attrition with shorting cartels.
Unilever is also getting hammered by the same cartel. If you did that in any other industry you’d be locked up for a long time. The Permabear is toxic.

Having said that I’m going to retain my Glaxo shares. There must come a time when it either becomes a takeover target because it’s so absurdly cheap. Or foreign buyers buy into it en masse because it’s so absurdly cheap.
I’ve worked in the industry, I know how they operate and I know the FCA know hedge funds collude - know algos are programmed identically in order to manipulate shareprices - know they short by stealth by keeping their short positions under a certain threshold and continually open - close -reopen them to avoid scrutiny. Short term shorting for want of a better world.

Investors don’t have a chance against odds like that. From their perspective it’s a license to print money. No logic - no common sense - no reason - just a set of numbers to be manipulated by machines regardless of all else - and that description defines today’s Permabear.

Probable sell half my holding before ex dividend and buy them back after the market’s trashed them.

The Permabear 100 is where the world comes to short and drive bombed out stocks ever deeper into the ground. The Permabear is the hunting ground for bears the world over.

While other global markets are close to all time highs and putting exorbitant valuations on their most most valuable companies, UK market makers are trashing ours. Most of them make 90 percent plus of their earnings overseas and 90 percent of them would do better to relist in an overseas stock market which would value them realistically and offer protection from the world’s Big Bad Bears!

I’m a great believer of selling before the dividend and buying back in afterwards. Last time Glaxo paid a dividend the shares fell by over 80p on a payout of 19p.
The reason for this is because hedge funds collude to drive the SP down ex dividend with blanket sell orders - and as we’ve seen with the Reddit mob - collusion can move shareprices. They already kown £12 will be the next support level and their concerted sell orders will test it.

Sell before the dividend buy back 3 or 4 days afterwards; after they’ve trashed it down. Ask yourself would you prefer 23p or about 60-80p discount off the shares. I know there’s SD and dealing fees but in the Permabear 100 market it rarely pays to hold shares for the dividend payout