ooohh, they have basic TA functions
so they are hurting at the moment... but probably a drop in the ocean to the profits made on shorting from the Gotham report
then started increasing again at 80p
then were reducing in steps when it was around 100p
Ennismore is the only one that has been increasing its short position, the others have been reducing
just checked shorttracker
sheltie11:51 Quindell Echo many thanks to all for the additional information supplied on the Quindell Echo issue. You've answered my question from earlier but I'm sure also done the same for a few others who were not sure where 'it sits' in the scheme of things! Thanks again Sparkle111:50 RE: QPP fantastic. All we have to do is to try and convince no-one to sell as Ennismore now reliant on pi's selling or taking pure gambles with client cash. At some point they will need to cut their loss and buy especially if Dax starts to rise with QE. First time in a year that one hedge fund put a foot wrong. And it definitely has at the moment. They are now reliant on it going tits up or the pi's moving. so if you are a pi, dont move, the force is with you at the moment. crazyinlove 11:48 now this scares me.. From ii.co.uk author Shovelier "Andrew Grech flies Quantas which is not due in to LHR until 12.30hrs from Melbourne. All flights from Australia are both overnight and overday". This is stalker material!... Sambailey100 11:49 RE: QPP No Point really smithson just saying its really low. I dont really have anything to comment about just really low thats all whats your view Mullins58 11:48 excitement 72.5 middle BJone 11:47 more ennismore musings Excellent summary Sparkle, Thanks. Smithison 11:47 RE: QPP December 1st, 2nd, 3rd all under 6 million and then inbetween xmas and new year was low too. Whats your point? Rhambo 11:47 RE: Greets. A question. . . Greets will you confirm or deny that any of your 'two sources' plus ever come from a) someone within QPP or b) its PR firm? Newboy58 11:47 RE: QPP It's nice, I like it, probably calm before a storm though, I hope its a Northerly wind coming Sambailey100 11:44 QPP Really low trading day today for QPP never seen it anywhere this low before. K3VMC 11:41 RE: Greets. A question. . . I'll add my thanks, Greets. A self-restrained and responsible commentator who exhibits integrity. An unusual combination in a blog and not that common in "professional journalism". Thank you for your time and effort in producing the Quindell Echo. Sparkle1 11:38 more ennismore musings following on from our mutual success in removing media support... this one is more tricky... but here we go... Ennismore on 30 Dec and 7 Jan increased their short and sold 1,309,339 shares which if they sold at the best price, raised them 930k (or if at the worst price, 779k). So ave price best scenario 71p and worst price 59p. If the price then went down they pocketed the difference. It did not go down It went up. On 22 and 23 Jan they were forced to cover their short position when it went to DOUBLE the price they had sold at as they were losing shedloads. They closed half their total position and bought 3,622,503 shares. If they bought at lowest possible price they paid 97p and if hey bought at worst price they paid £1.24. Working on a few complex algorithms i think its more likely to have been an ave of 1.18 or thereabouts. This cost them between 3.35m at best or 4.5m at worst. i.e. they lost shedloads on what they had sold on Dec 30 and Jan 8. So they are now on recent trades since Dec, 2.5 to 3.5m DOWN. This is a lot on a fund of 300m. They have to still exit their other half and now they are a few mill down. They have to sell enough stock to crash the price and recover their position. Between 27 Jan and 2 Feb they gamble with their clients money and borrow and then sell 6,677,627 shares. This raises them between 4.69m and 5.78m depending on how well they bought, at an average price of 86.5p best or 70 worst less a bit for spread as they are selling. To recover their screw-up on Dec 30 and Jan 7 they now need the sp to go to 35p or under in order to recover what they lost buying on Dec 30 and Jan 7. But the problem is that they can only crash the price more if they borrow and sell more and now the price is 71p, they'd have to sell too many to send it under to ever recoup the loss they made on the stupid short they took out on Dec 30 and Jan 7. They have screwed up. They now are short on approx 7.5m shares which will cost them about 5.5m to buy and the total fund is approx 300m in value. to have approx 2% of your client money short on QPP is a mistake ( i know as we made same mistake on being overweight on it). If the pi's dont sell they have big issue... they need it to go down to 35p to recover their recent losses and to get it their from manipulation they need to increase their client risk to nearly 5% of their fund. Bad news. Tiger ******* themselves laughing watching it. AND all of this is in £ and £ rising against euro throughout. Best thing we can do is to draw attention to recent shananigans of Ennismore to its investors.
