Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I may be wrong but it looks like GS have had most of their money out on borrow, but they're reigning some back in, and as they are they're flipping it out.
4 mil down to 3.5 and that was as of the 7th.
I did wonder who was buying, it has to be shorters buying back and settling up, but then GS pumping it out. Who to I wonder? If it's not being flipped to the general market, expect more TR1s.
Unfortunately there is still about £14m they're managing so if the whole lot is going to go through a similar routine it's going to be similar price movement as it's bought and flipped.
Looks like it's a Vauxhall Corsa :'''(
I'm so bored of Temu, please post it somewhere else. This is an ASOS board not a TEMU love in.
Well good riddance, most of the trades are autos though, which whilst I know isn't exclusively shorters is how most operate.
I can only assume there will be significant change on them declared this week, i don't actually believe for one second none of them have moved since then I don't know how long they canegt away with not declaring.
All round next week! BOOM!
To see no shorts reduced Tuesday, must be an error there. That said unless it was all large buying, but then who's sell GS? Or another large SH?
The buys were too substantial so if no shorts closed, then we must be about to get another TR1.
Great volume this morning, I guess there will be some 6p flippers still from placing not wanting in for results due to being risk averse hence round sells.
That said there's some serious buying bringing the SP upwards, I really struggle to see a close below 7p.
My money's on a close of around 7.35
No testing needed, we all know that Tanzania is the bloated sack of Africa. It's swelling and throbbing with helium, ready to gush over the entire world. And I for one will have my mouth open.
Just pop a straw in and let it free, £1 close.
Bags are packed, engine fuelled, it's time for lift off.
'Ladies & Gentlemen may I hve your attention please, train 6p is ready for boarding, next stop is the moon'
15p by close tomorrow
Moving back north, here we go..
Forgetting it's a physical option sold not bought
This £4 figure seems to be a real thorn in their side, makes me wonder if this is the level of MA's put options.
Maybe he has demanded settlement in physical shares.
I will be more interested to see the positons tomorrow, as I suspect one of them has been increasing their position today.
The positive thing is we've had some good upwards momentum and the shorts have barely closed, imagine what it will be like when they really try.
Ups and downs I am sure, but can see some very positive price movements over the next few weeks. Without news it will be slow, but if the increased shortselling dries up it can only go in one direction.
Is it just me or does the interviewer look like Rowan Atkinson's long lost son?
Thanks KYK!
This backs up my view on the holdings, so lets say the shorts are at 10% including below 0.5%. So there's 35% people holding stock (Likely with higher averages and LTH, some from placing at £4) and another 10% of people who have bought the stock that's out on borrow (Most of which purchased at very low prices).
It doesn't look good, soon will be a game of ' Who#'s left holding the baby' as they shorters run for the hills whilse the others resell the stock they buy back drastically trying to keep a lid on the price.
Where do we get the most accurate shareholder list of people above 1%? I've looked myself and it seems to dignal from what I can see that the freefloat is only about 35%.
Which is crazy considering the level on short, if that's on borrow.
It definitely looks like some are closing, and others are reselling the stock again to me.
I can't see where the volume is coming in all these small sells unless from shortsellers, it's all getting a bit silly.
They've not let the £4 order go yet, trying to take some above and below to get it completed.
Hopefully let it go soon as getting boring.
Still in play, they will have sold lots above £6, so happy to sell a bit below. These guys don't like to be in for results they want their % and out.
Cannot be a great deal left to clear, but when it does you will see an immediate shift in SP movement.
Now £4 has gone you can see the immediate increase in volume, wonder where the next lid is? Probably £4.40/50 given what's happened previously.
As soon as a sale of Topshop goes through ASOS' debt burden will be cleared, and the risk of placing gone. That will encourage new buyers.
What's also not being considered is if this get to £5 then a return to the FTSE100 will be on the cards. Shorters want out, the only likely bad news before the next results is about to be taken off the table.