Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Based on my simple 10% rule: one drop of 10% from 890 = 801 (which is where I thought it would recover from previously if you read my post), second drop from 801 = 720. So just at around the second drop position. Similarly, if the markets don't respond, 3rd drop = 648, which is about where Canaccord put it. However, I imagine that it could recover from 720 if the market responds. Can it really be that simple?: who knows but it seems to be relevant here. No doubt but that it will defy my simple logic now that I've called it out.
The CEO bought shares after the release of earnings data.
I imagine that he would advisedly avoid releasing any positive news for a period of time to avoid risk of insider trading accusations. This only adds confidence to the firm shorting the stock. They can hold onto the short for at least a month, I would say. They are currently cashing in on the negative sentiment expressed publicly by a small number of parties.
The CEO, however, bought the shares after a short term drop in the share price that any trader can take advantage of, so no risk of suspicion of insider trading, particularly as the price has dropped in the short term since he invested.
It shouldn't affect long term holders, hence Institutional Investors are still holding their shares.
If the Institutional Investors start to sell, this would be another issue, but this isn't happening.
The small investor, however, may have a strategy of cashing in his hand after a 10% drop in share price.
He has to cash in his hand, thus playing into the hands of the shorters.
Hence the short term play by AHL, who picked up half the short that Marble cashed in. I don't think that collusion between investors is illegal, just the "Wolves of Wall Street" having some high adrenaline fun, I would imagine.
All my own opinion from my own observations. Can anyone add anything further regarding the insider trading rules?
Anyway, they've got about £14 billion in assets, so they can afford to lose a bit. Interested to see how well they do with this one. Count me out personally. I'm too scared of a bounce-back from 800.
Ahl Partners Llp opened a 0.5% short position on 22nd May. Another punter to the fore. I hope that they don't wait too long to cash in.
Agree. And add that they cannot predict a sudden RNS that can send the price in the opposite direction to the one they predict. Also there is a majority holding here by Institutional investors who will not spook so easily. Anticipating a bounce-back from 800, but wait and see. Who knows really what the Future may hold?
OK I see it now.
Spelling has everything to do with it, because if you can't spell it right, how do we know that you can do anything right? By the way, where is this information taken from?
That statement might hold more weight if you spelt the name correctly.
If "Canaccord" is the question, the answer is "No".
Love,
Hank
Correction: meant to say 12th May, however, on reflection, should they have hung on for a few days?
Marble Bar Asset Management closed their short positions on 12th March and pocketed a massive profit on their dealings here. Looks like they got this one right. Could be worth watching the fund managers that called this. Surely there must be some upside from here? (could it drop to 800 before the bounce back?). Worth watching for bottom fishers?
Blackrock have taken out a CFD position of some kind. Expecting a bounce-back? I have seen this share move up 20% in a single day previously.
So, do the loan notes convert to shares when the share price hits 8p, or was that just a dream?
My number one rule is "Don't make things worse". I've seen the hatchet men come in at the last company I worked for. They decided that they didn't need anyone in my role anymore and that they would split my workload amongst others to save money. That means that people who are already stretched to do their workload have to take on additional work. What is more, they are not trained to do the work, so somehow have to find time to learn the extra skills needed to do the task on top of doing the extra work. You can probably predict what happened: people just left. The company seem to have compensated by increasing debt. Share price soaring right now. Will be considering taking out a short. It's not rocket science. Are we all heading for the mother of all adjustments?
Full steam ahead!
[that's a pun on vaping, in case you didn't get it]
Apologies to my Australian buddies: in my previous post I didn't intend to imply that the whole population of Australia were heavy drinking red-necks. I just meant to refer to the particular section of the population who are robust drinkers. Anyway, it doesn't seem to have put a brake on the Chill share price run.
I'm not sure if it will be legal to carry this through. I understand the intentions, but you wouldn't ban alcohol because of underage drinkers, so I doubt that they'll get this to stick legally. Otherwise the heavy drinking population in Australia will come under threat. If they get this to stick, where will it stop?
People are taking their profits.
May see movement back up once this has run its course.
It will be interesting to see how this goes tomorrow.
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Tractor Supply Company? Am I missing something? Are they being sued for having big yellow wheel hubs as well?