Member Info for WolfofWarks

"I think you are misleading people Wolff, at your 1.24% PER ANNUM you quote, on a simple interest calculation to convert to daily interest (1.24% / 365) = 0.003% (that’s 3 Thousands of 1% equivalent), why would any short lender want to lend their share for such pathetic rates of interest?"

That's the interest the shorter receives on their position. You CFD long you pay an overnight borrowing rate, you CFD short you receive an overnight borrowing rate - in both circumstances you then pay a small annual charge. It's based on IG's SOBR (standard overnight borrowing rate).

I tried to play this trade earlier just to confirm what I already know but IG won't let you open a short position.

I'm not misleading anyone and never do. That's a different thing to not liking what I've got to say. I could say what you were suggesting last weekend was misleading investors based on seeing a legal bill on a court docket. So people in glass houses probably shouldn't be throwing stones, especially when they are more likely to be wrong due to their theory based on utterly presumptive speculation.

None it's more short seller obsessed nonsense.

Short sellers have moved from what 10% down to under 2%, most of them are gone and I assume the ones that are left probably think this is going to zero.

The cinemas need to make sure a decent length of exclusivity as well if they want to make this work.

A couple of weeks obviously is quite short when the busyness of modern living is taken into account.

It’s 1.24% pa. They’ve even broken down the calculation. You can see there 4 day calculation split 4/365 days.

It’s GCSE maths.

I don’t know what else to say. I one would use the products.

Do the maths. A position of what was it about £500 odd quid at 1.24% charge pa.

At the very least apply some commercial/business logic.

If you guys like your heads filled with nonsense then knock yourselves out.

Sammy - when posters like you use abuse and swearing it’s nearly always because you haven’t got anything to add to the discussion. I’ve never seen you add anything constructive to a thread.

Keep licking those windows eh?

I’ve just had a look at the example you have looked at and the rate is 1.24% not €1.24 and the rate is per annum not per day.

If you drill into the calculation you can clearly see the trade is being worked out as 4 nights as a pro rata of 365 days.

You would not pay €1.24 per day. I’ve done loads of CFDs in the past and the charge per day is pence on much bigger positions.

Plus why would you take the position in euros?

Go on IG and have a look at their fees - if you short with them they actually pay you interest and knock off an annual % fee.

The sad thing is I’m not spinning anything. There’s a lot of untruths, misunderstandings and sometimes outright lies spoken on here.

Is all I do it address them.

Even if the data is correct his interpretation on how fees are payable on shorts isn’t.

Unless you’re using wonga loans no one is paying 49% to borrow anything, it’s not even how the finance charge works on these financial products. It’s not even a commercially viable rate of interest.

Plus I’ve said a number of times unless you are a professional investors the main platforms don’t allow proper shorting unless via a spreadbet or CFD.

It’s $2m not bn.

Disney have a differentiator that the others don’t have imo. They have a treasure trove of decent content plus historic IP that they can pull out of the bag and spin into multi million dollar franchises.

It’s also a full diversified business so they are not just reliant on streaming. They have TV, parks, cruises, products, etc.

It’s been kicked into the long grass while the c11 is ongoing.

That’s not true! The figures are not provided by interactive broker - they have a disclaimer at the bottom of their website to say they are not affiliated and the information comes from IEX.

There’s no way you would pay that kind of interest to short any stock. iG for example if you are long pay based on the SOFR and if you’re short you actually receive interest, not pay.

They are a load of nonsense there is a disclaimer on the site that they are nothing to do with interactive brokers.

I don’t think you can call ten top ups a day a slow accumulation!

I don't know anyone who buys several times a day either, I mean what's the point unless you were some kind of high value trader who only needs slight moves to bag or lose a bag of cash.

Yes we managed to get tickets for June but they were £75 each. We managed to get tickets last time for the tour that was cancelled so were gutted at the time.

He had my childhood - rola cola, sliding on knees at disco, etc, etc.

'Husrart the only problem with your suggestion is Cine are planning to delist Cine in the next few weeks so there won’t be a share to trade …. go read some of my posts from the weekend where I identified this from!'

Her careful there mate. That's your interpretation of a legal bill with an outline of advise taken- it's be no means a nailed on certainty. Could just be background work for just one of the possibilities - for example if they go down the Newco route.

he's the unidentified 20% private HSBC holding :)

Seriously his dealer fees must be brutal .....