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04-04-2022, 12:56 PM
#19641
Member
Nuts! Short position burnt and no shorting allowed on CMC now.... An expensive lesson on taking profits when you have the opportunity.
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04-04-2022, 01:02 PM
#19642
Originally Posted by ados_nz
Nuts! Short position burnt and no shorting allowed on CMC now.... An expensive lesson on taking profits when you have the opportunity.
Seems to be some screwing the shorts at play today. Plus last minute buy in's to 'qualify' for the cap raise price. Will be momentary rally today from low 0.80. By friday will be well below 0.80 though, that's a given. Reload of shorts Wednesday.
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04-04-2022, 01:05 PM
#19643
Member
Just pure patriotism
Needless to say this is not shared over the ditch in the asx
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04-04-2022, 01:06 PM
#19644
What scenes! I closed my small short position before ex-rights with the intention to re-enter exrights, as I anticipated a large Sharesies bid would come in Monday morning giving me a good entry again. After seeing the momentum this morning I ended up long (which I never thought would happen), which I've since closed. I would be shorting at these levels but can't get short supply. Hopefully it becomes available with all the stops being hit.
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04-04-2022, 01:09 PM
#19645
Member
Originally Posted by JohnnyTheHorse
What scenes! I closed my small short position before ex-rights with the intention to re-enter exrights, as I anticipated a large Sharesies bid would come in Monday morning giving me a good entry again. After seeing the momentum this morning I ended up long (which I never thought would happen), which I've since closed. I would be shorting at these levels but can't get short supply. Hopefully it becomes available with all the stops being hit.
Never speculation
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04-04-2022, 01:11 PM
#19646
Originally Posted by snigmac
Ex record date is tomorrow, so the best day to get in would be today and tomorrow? I think there may be a bloodbath on Wednesday.
They are ex rights today. Record day is tomorrow.
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04-04-2022, 01:18 PM
#19647
Can we say with the AIZ action on the ASX compared to AIR on NZX (assuming no sharesies impact) that the Aussies are a clever bunch
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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04-04-2022, 01:26 PM
#19648
The efficient markets theory seems to have been debunked. Maybe we missed the news release of Air NZs pivot to blockchain (Blockchain Air NZ).
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04-04-2022, 01:45 PM
#19649
Originally Posted by ados_nz
Nuts! Short position burnt and no shorting allowed on CMC now.... An expensive lesson on taking profits when you have the opportunity.
This is one of the reasons why I don't get into shorting unless I know the person lending me the shares. When you really, really want to short a stock, often you can't.
Anyone who contractually wants to lend me 100,000 AIR shares for 12 months, please let me know immediately !
Last edited by Beagle; 04-04-2022 at 01:46 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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04-04-2022, 01:47 PM
#19650
Been able to maintain my short. Couldn't get a clear answer on Friday on the mechanics. Now I know which is what I was worried about. Anyway currently the share price is effectively up 35%. Another part of this joke is that the rights are actually 1 for 2. Yes that is right! The issue is a 2 for 1 then the rights are a 1 right for 2 shares. Nver been done in the world like that. I would say it is someone in AIR that screwed up initially and then covering their mistake. Looking at price providerse veryone thinks the share price is down, normally it is adjusted properly, hence the buying.
To close the FMA should tell NZX to halt trading. This market is neither functioning nor transparent.
CFD position holders actually can see what the position is and no-one lese can because they see the loss or profit in the account. It is right.
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