here here i just enter for fun , doesnt reflect my actual investments at all. as you say competetions can make people go for dogs in the hope of the big payoff
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FWIW in regard to the competition I can't be bothered hounding out high beta or binary outcome stocks...I just follow my snout and put into the comp my five biggest market positions at the start of the year.
Regarding ATM most brokers are around 40 cps for FY19. Work the forward PE on the current SP, (its moving so fast I won't calculate it) other than to say at $10.00 its a forward PE of 25 which when one considers their track record of growth and outlook...
This drop is really quite harsh. A 20% drop from here and we'll be looking at a forward PE of around 30!
This from shortman au
Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 4 Tue 22nd May, 2018 1,210,020 730,039,067 0.16% 6,733,713 17.97% Mon 21st May, 2018 1,945,365 730,039,067 0.26% 6,220,078 31.28% Fri 18th May, 2018 2,485,204 730,039,067 0.34% 8,685,867 28.61% Thu 17th May, 2018 3,054,425 730,039,067 0.41% 10,261,306 29.77% Wed 16th May, 2018 3,284,832 730,039,067 0.45% 22,163,857 14.82%
SML back to parity, but not in a good way, it just falling slower
If I have understood this table correctly the total shorts represent a small fraction of daily turnover. If so they are noise as they could be cleared very quickly. On Wed. Shorts increased by about 230k or 1% of the volume traded that day. The other 99% is not shorts related.
I get you guys are all optimistic due to MSCI etc but the chart is absolutely shocking.
People wondering who the sellers are might be better asking themselves who is buying.
At least wait for the indicators to poke back up over the 20 sell line at the very least, because they
all under it and still heading south
I think you need to look into the last column (shorts as percentage of volume), and this number is higher. Shorts as percentage of capital (the small numbers) is quite irrelevant for short covering later on - unless the shorters have access to the total market cap (which they obviously haven't).
If volume goes down over the next couple of days many of these shorter's will be in the proverbial ...
balamys - bal getting hammered too so not just a a2 thing