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  1. #581
    always learning ... BlackPeter's Avatar
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    Out with a loss .... but I guess the potential upside looks at the moment much smaller than the potential downside.

    Another company with Michael Stiassny on board costing me money ... just wondering, whether there is a pattern?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  2. #582
    percy
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    Quote Originally Posted by BlackPeter View Post
    Out with a loss .... but I guess the potential upside looks at the moment much smaller than the potential downside.

    Another company with Michael Stiassny on board costing me money ... just wondering, whether there is a pattern?
    I think I would avoid him.

  3. #583
    Speedy Az winner69's Avatar
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    Westpac interests lightening exposure

    Now have 2 million less shares

    Wonder who bought?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #584
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    Twr is under $1, might go down further and might needs recap its balance sheet in near future.

  5. #585
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Jim View Post
    Twr is under $1, might go down further and might needs recap its balance sheet in near future.
    could go too zero? the longer the claims drag on the more expensive they become and looks like it being shorted
    one step ahead of the herd

  6. #586
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by bull.... View Post
    could go too zero? the longer the claims drag on the more expensive they become and looks like it being shorted
    Not contesting your assessment of Towers health, but just a technical question ... How can you short a NZX stock?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  7. #587
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by BlackPeter View Post
    Not contesting your assessment of Towers health, but just a technical question ... How can you short a NZX stock?
    big institutions lend there stock holding for a fee to other firms who then sell into the market hoping to buy it back at a cheaper price.
    An announcement was made which showed stock was lent to a prime broker by ubs possibly for shorting
    one step ahead of the herd

  8. #588
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by bull.... View Post
    big institutions lend there stock holding for a fee to other firms who then sell into the market hoping to buy it back at a cheaper price.
    An announcement was made which showed stock was lent to a prime broker by ubs possibly for shorting
    OK, cheers. I understand the principle of shorting, but it sounds I first need to buy a bank to do this on the NZX - or are there brokers offering this service to retail investors?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  9. #589
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    Bit of value @ .99? maybe a takeover by the Aussies..

  10. #590
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    Quote Originally Posted by BlackPeter View Post
    OK, cheers. I understand the principle of shorting, but it sounds I first need to buy a bank to do this on the NZX - or are there brokers offering this service to retail investors?
    Leveraged Equities enables you to do this - i thin through Forsyth Barr?

    Looks like there is some shorting going on with UBS being the prime broker lending the securities

    https://nzx.com/companies/TWR/announcements/288933
    Last edited by Grunter; 20-09-2016 at 10:53 AM.

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