The div thing is confusing from settlement, it does take 3 days to actually buy a share I think
Thats a form of leverage bringing us back to shorting. Theres nothing wrong then that, the majority of stocks bought are done with hot money or money that must be returned sometimes overnight
The corrupt part would be false data. When I first started this around bear stearns in 2008, Halifax lost an absolute ton. Was very big news, how could this happen, this was paired to Bank of Scotland hence Salmon's spivs quote
He was wrong and the shorting was in line with 200bn required by HBOS over the next fiscal year, it was a problem
http://www.scotsman.com/news/alex-s...eaded-off-the-spivs-and-speculators-1-1437728
Shorting should be legal but bear raids perhaps are illegal mostly. This is where a stock with 100k of shares may have 1 broker selling 1 million of them into the market, they dont exist and cant. It takes 3 days for the broker to admit they never had any shares to sell and the trades are cancelled but not before the price drops to zero. Nothing close to that should be possible but naked positions are not likely to be outlawed.
Look at Porsche vs WV for a big shorting risk/return case
QPP seems to be building above 18p. Shame
AAZ Im not sure about, its not even properly traded really. I guess it stays above 10p but gold is coming down not breaking out as per usual
http://www.proactiveinvestors.co.uk...-mining-centamin-plc-and-nord-gold-16194.html Anglo Asian Mining* (LON:AAZ) – Accounting treatment causes company to warn on results • Anglo Asian Mining today report that it expects its company results to be ‘significantly reduced’. • The company is in the process of preparing its financial results for last year and expects profits to be hit by higher sales costs and by ‘accounting treatment’. • The revaluation the cost of inventory carried such as copper concentrates, stockpiled ore and gold within the circuit may account for much of the accounting adjustment for the results. • We believe the company’s cash balance of $5.4m at end 2013 should not be affected. • The company remains cash generative and continues to pay down its debt with $51.7m outstanding at the end of last year. • The statement is disappointing but we do not see the accounting treatment of the forthcoming results to affect the running of the company. • We forecast Anglo Asian’s total operating cash costs to be around US$641/oz for 2014 and US$585/oz 2015. These costs do not include administration and do not account for the impact of the PSA, production share agreement. • We will revise our forecasts on publication of the results. Conclusion: The revaluation of the cost of inventory should not impact the operation of the business. Gold production is forecast to remain steady at 64,500oz this year and 71,000oz in 2015 (our forecast) with lower grade gold ore from the Gedabek mine sweetened by higher grade ore from the new Gosha gold mine. The company reported potential for new high grade gold and copper resources just 400m to the north of the Gedabek gold mine in January. We continue to look forward to further news on this front. * SP Angel acts as Nomad & Broker to Anglo Asian Mining
Funny old Blinx, rocketed yesterday and straight back down today.
Thats what I was blathering on about basically. It hit the floor, 60p is a fairly solid area. So good rise but over 10 days, nothing big. Pullback is natural, everyone takes some profit, its a self forfilling thing.
Doesnt mean its done for, might not go back to 60
