cynic
- 09 Sep 2008 16:57
- 2717 of 3050
don't get over-greedy ... there is so much stock borrowed (hence inability to short for last 7/10 days) that a heavy bear squeeze at some point is inevitable
goldfinger
- 10 Sep 2008 02:35
- 2718 of 3050
I suppose that depends on wether your broker physicaly covers in the market.
Rensburg are open to shorts on the stock but daily carry over is more expensive than other SBs.
Dont forget cyners blind shorting goes on with sola aswell. Not sure if the Berlin market takes part in this anymore.
Neither short nor long on anything at the moment just waiting for direction.
Figure for latest positon here...
http://www.investegate.co.uk/invarticle.aspx?id=26393
Over 27% on loan. Would be nice to get in on the trap unwinding as the SP shoots up.
Falcothou
- 10 Sep 2008 08:04
- 2719 of 3050
That is a high %age. Elder's days to cover ratio measures the number of shares on loan that can easily be traded with the average daily volume so if there are a million shares on loan and the average daily volume is 100,000 it will take 10 days for those shares to get processed. Areading of 10 is safe but anything over is at risk of panic rally.
hlyeo98
- 10 Sep 2008 08:07
- 2720 of 3050
372p...cross my fingers
goldfinger
- 10 Sep 2008 10:53
- 2721 of 3050
Falc, are you refering to Dr Elder here?. Which book please?.
The new one??.
Falcothou
- 10 Sep 2008 12:06
- 2722 of 3050
Yes gold, sell and sell short. He refers to yahoo which usually gives short interest ratio and days to cover on key statistics but not it seems for sola in terms of crowded exits
goldfinger
- 10 Sep 2008 12:33
- 2723 of 3050
Ive got the 'come into my trading room' so I will add this one.
many thanks.
Falcothou
- 10 Sep 2008 12:36
- 2724 of 3050
It's only come out recently and you can also buy a workbook, about 30.
hlyeo98
- 10 Sep 2008 17:17
- 2725 of 3050
closed at 356p...wow.
HARRYCAT
- 10 Sep 2008 19:00
- 2726 of 3050
Down 4% in the U.S. Nudging the july support level. Could go either way.
Toya
- 10 Sep 2008 20:08
- 2727 of 3050
Well, it's reached the 360p level from which I thought it might bounce; be interesting to watch this over the next couple of days - didn't think it would fall below this but now looks like it may.
HARRYCAT
- 10 Sep 2008 21:06
- 2728 of 3050
SOL U.S. recovered a bit to be almost flat on the day.
cynic
- 15 Sep 2008 12:59
- 2730 of 3050
except no one will lend stock, so not possible to short .... had forgotten!
required field
- 15 Sep 2008 14:25
- 2731 of 3050
PVCS holding up well today....surprising with what's happening to the rest of the market !.
Toya
- 19 Sep 2008 07:13
- 2732 of 3050
News out today: "short selling has been banned"....
This is going to have a mega impact, with much wider ramifications for all sorts of activities and the companies that provide the platforms to do so.
cynic
- 19 Sep 2008 07:19
- 2733 of 3050
not all shorting i think you will find ..... heavy restrictions on shorting financials only
ptholden
- 19 Sep 2008 07:24
- 2734 of 3050
Interesting to note from the MAs on the chart that if the 50 turns South and crosses down over the 200 we get a so called 'Death Cross'. Golden and Death crosses are usually pretty good indicators of future price performance. Also sitting on support once more so any break down now would seemingly put 200p back on the table.
Toya
- 19 Sep 2008 07:30
- 2735 of 3050
Thanks Cynic and pth - I was already worried that all the fun had been taken out of trading!
cynic
- 22 Sep 2008 13:11
- 2736 of 3050
with Wall Street looking to be heading for a sharp(ish) reaction after friday, a wee short here could be a good call