Member Info for Wellington99

@Kick thanks - wasn't aware of him. Seems very sensible and balanced, which is a rarity!

For those wanting to keep close tabs on all things Covid, I can recommend Zvi Mowshowitz's blog
https://thezvi.wordpress.com/
He was consistently ahead of the game in the opening phase and collates and analyses most of the data out there.
He was the guy that Dominic Cummings listened to when in government.

Thank you for your erudite analysis.
I'm sure that will be a help to us all.

R
e
t
a
r
d

The Motley Fool goes full ******.
Never go full ******.
(They can't even read the Balance Sheet properly)

Mandy Rice-Davies.

@Carterhull - great spot
Coloured me shocked - K2 are bent.
The CEO has been found guilty of serious wrongdoing and got off with a slap on the wrist because they hadn't been caught previously and when caught were co-operative.
How the hell they are still permitted to trade (or how any ethical investor can invest in them) is a mystery.
Yeah, this is just an honest bit of hedging.

Well done Bonkers - although I doubt that we are the first to notice the unhappy conincidence.
BTW does anyone have the date of the last email reponse from Investor Relations handy?
IIRC they said "don't sweat it, it's just light touch dealing and Covid" but I think it may have been at the time of the first set of shorting by K2, which would suggest their brokers aren't much cop.

K2 selling into the rally - time difference is a giveaway.

@Mrstu82 Ask them if they can transfer your shares to another provider 'in specie' AJ Bell doesn't lend shares out and is fairly reasonable on costs but there are plenty of other brokers out there who also don't lend.

@Bigtrader ..and short arms (as he old joke goes)

@Narada - I tried the sober and analytical approach and that didn't work, so I'm going with the board zeitgeist
@Bigtrader - The rampers paid me for the first post, but then got out bid by the derampers, hence the second post.

Or we lost.
One of the two, can't remember which.

Yes - we won.

If you haven't had a look at Zerohedge, he's worth a moment or two of your time.

The article below explains how the best way to make money in this messed up market is to go long the most shorted stocks i.e. Cine.

https://www.zerohedge.com/markets/most-crowded-hedge-fund-stocks-just-had-their-worst-month-history-heres-how-make-money

I did try and tell you...
BTW those saying that there can't be a leak because:
1) "Barbara wouldn't do that" - it doesn't need to be the Judge - by this stage the decision would have been made and now what happens is the labourious task of writing up the Judgement and that involves an awful lot of people on low wages who usually never deal with price sensitive information. This is their lottery ticket win.
2) "Cineplex went down" well it would do because of the scare over Covid Redux, but there is no reason why a hedge fund couldn't pick up a chunk of shares at the same time without massively impacting the price. Remember many PIs are selling and someone has to buy. Besides, in this environment, the momentum is downwards, shorting Cineworld is the more profitable trade.
3) "That's just too blatant, they'd get caught" I'd argue the opposite. If they had routed the trades through a third party, that would have raised a big red flag. This way, they get the info on the quiet but ensure that when the Canadian version of the SEC come calling they have a nice fat file demonstrating why they made the trade - a reverse engineered algo, expert opinion from a lawyer etc. It doesn't matter. If the tip off is a conversation in a cafe, it will never come to light. All they have to do is throw enough chaff in the faces of the SEC and they are home free. This is especially the case if it is a one off.
Happy to be proved wrong, but if it's just "Contrails and 5g in the vaccines" save the pixels.

Evening Chaps and Chapesses, and thank you for your kind words.
The reason I come on here is that occasionally there is actually useful information or insight that is helpful in understanding the current situation but sadly that is often drowned out by the noise of halfwits screaming inanities (present company on this thread so far excepted!)
I'd pretty much agree with what has been said below and thank you @Mountainous/Bigtrader/Bonkers for taking the time to post about it.
I do tire of the accusation that "MMs are keeping the price low/ have an order to fill etc"
Market making is a cut throat business and if one firm can offer a marginally better price that the other, then they get the business and make the margin. You can see this from the "Payment for Order Flow" in the US and the reason that Citadel and Robinhood 'work so closely'.
That said, there are plenty of bad faith actors out there and they are the hedge funds - most are fairly vanilla but a few have the whiff of Gordon Gekko about them.
So although I might be wrong about a leak from the Court House to a Ontario hedge fund, I'll keep that as my personal conspiracy theory for now, as it sustains me through the bear market. The fact that Cineplex has dropped as well means little - yesterday @smallweiner (or whatever his name) misunderstood that simply because one market participant has - let's just say superior knowledge to avoid a writ - it doesn't mean that the whole market does. So Cineplex would fall with the Covid worries and a player could short Cineworld and at the same time go long Cineplex without impacting that price too much, although in the event of a Court case loss I would expect 'world to fall farther than 'plex would rise because of the quantum involved and the general attitude of markets to retail.
One thought to throw into the mix - when looking at the short positions on the Ortex website - they very sensibly distinguish between % short and % short of the free float. I assume that the Greidinger family isn't loaning out its shares and others may have no truck with that sort of thing, then the free-float may be considerably smaller than we think.
Ortex has it gusting up to c20% of their calculation of the free float but it could well be considerably higher than that.
That's obviously not GME or AMC levels, but at some point, that could result in a very painful short squeeze that has proper traction.
Anyway, enough from me.
I would say "Cine to the Moon!" but we all know that the Moon landings were faked and done on a soundstage in downtown Burbank, so I won't.

@smalltrader
You are a bear of little brain.

@smalltrader
Calm down.
Mummy has made chicken nuggets tonight.
And she might let you back into her "special place" if you are a good boy.
After all, that's your métier.

@LPD - Thanks, there's a lot of confused thinking here and it's a bit of a word soup, but if I can cut through the emotion, your premise is that no one outside the Judge (and presumably her Chambers) can possibly know anything until the putative release date?
That's really quite Special.