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traxx

3,143 posts

223 months

Tuesday 27th October 2015
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davidbht said:
IGAS, cbm approved for north west site by council in october
projects funded by ineos, total, gdf suez,largest holder of pedl licences more to be awarded .
UK NatGas prices are low and are hardly about to go up - in fact with the US about to export LNG and Australia ramping up production prices are more likely to collapse
They might have approval for a CBM project but no one in their right mind will actually finance a project like this today imo

Even with no environmental issues and massive scale the real economics of Australian CBM projects are at best doubtful - BG must be thanking the Gods that Shell bought them out


twinturboz

1,278 posts

179 months

Wednesday 28th October 2015
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Gpro 51% float is short should be an interesting day.

walm

10,609 posts

203 months

Wednesday 28th October 2015
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twinturboz said:
Gpro 51% float is short should be an interesting day.
Collar.

twinturboz

1,278 posts

179 months

Wednesday 28th October 2015
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walm said:
Collar.
Likely to be the guidance that makes or breaks it, a dickish move like twitter did yesterday and any gains if they beat will be wiped in a second. Big beat and a nice guide will be a bear slaughter.


Shorts are right missed both numbers into the single digits soon?

Edited by twinturboz on Wednesday 28th October 20:10

traxx

3,143 posts

223 months

Wednesday 28th October 2015
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So GoPro down 15% - I'm such an idiot to have gotten out of my short

But as discussed in the past the company has no competitive advantage going forward - so is it really worth anything when every Chinese outfit can build a similar product for $5?

twinturboz

1,278 posts

179 months

Thursday 29th October 2015
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After listening to the call, none the wiser of their strategy going forwards. They keep going on about this media company but just don't see how they'll be able to monetise that, the software why would anyone use their software over the plethora of other softwares out there. The other areas they talk about is quadcopters and virtual reality.

The session cam was struggling to sell so they lowered the price point, basically seems at the same price as hero4 silver consumers were preferring that over the new model. Also apparent the q4 14 results were so good because of channel fill so really it should be around 470million that explains the guide which was a shocker, there not going to beat comps in the next 1/4. Should have taken a page out of Apples book, only included 2 days of 6s sales in this quarter so the rest can go into next to beat that monster comp from last christmas.

All that being said as a trade will be watching both gpro and amba for reversals today.




Edited by twinturboz on Thursday 29th October 11:17

walm

10,609 posts

203 months

Thursday 29th October 2015
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twinturboz said:
After listening to the call, none the wiser of their strategy going forwards. They keep going on about this media company but just don't see how they'll be able to monetise that, the software why would anyone use their software over the plethora of other softwares out there.
Almost to the day Citron said $30 within 12 months.
They were slightly off, it only took 11 months.
Entirely based on the simple fact that GoPro as a "media" company makes no sense whatsoever.
www.citronresearch.com/wp-content/uploads/2014/11/...

traxx

3,143 posts

223 months

Friday 30th October 2015
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twinturboz said:
All that being said as a trade will be watching both gpro and amba for reversals today.

[/footnote]
still think Amba is a massive sell - what exactly is their unique product?

twinturboz

1,278 posts

179 months

Friday 30th October 2015
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traxx said:
still think Amba is a massive sell - what exactly is their unique product?
Can't argue with you long term but pull up a 1yr daily, what's your thoughts? Looks oversold to me combined with a bottoming formation right at the .618 fib, I see it as a decent set up with the potential to bounce into the 60's of course if it loses the 50's then agree it's going a lot lower

Gogoplata

1,266 posts

161 months

Saturday 31st October 2015
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Hi, I've posted this question in my Hostile Takeover thread, but thought I"d pose the question here to maximise exposure so that I can make an informed decision :-)

This is probably a stupid question, but I'm a complete newbie to this; If I sell my shares over the weekend, will I get them at the last Closing Price, or will they be sold at the Opening Price on Monday morning when I imagine the order will be processed?

Super Slo Mo

5,368 posts

199 months

Saturday 31st October 2015
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I'm reasonably sure you get it at the next opening price, or probably more accurately the price the broker gets when they make the actual trade.

DonkeyApple

55,408 posts

170 months

Saturday 31st October 2015
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Gogoplata said:
Hi, I've posted this question in my Hostile Takeover thread, but thought I"d pose the question here to maximise exposure so that I can make an informed decision :-)

This is probably a stupid question, but I'm a complete newbie to this; If I sell my shares over the weekend, will I get them at the last Closing Price, or will they be sold at the Opening Price on Monday morning when I imagine the order will be processed?
You get the next possible price for the size, assuming a market order. So in this case it would be at the open in Monday and chances are that as volumes will be very thin you'll get a very wide spread and if in size then the fill will dig down well below best bid and offer and get an even worse level.

walm

10,609 posts

203 months

Tuesday 3rd November 2015
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DonkeyApple said:
You get the next possible price for the size, assuming a market order. So in this case it would be at the open in Monday and chances are that as volumes will be very thin you'll get a very wide spread and if in size then the fill will dig down well below best bid and offer and get an even worse level.
He's talking about a retail order in a EUR3bn mkt cap stock.
I am pretty confident he isn't going to move the market or widen the spread.
Even in the morning.

DonkeyApple

55,408 posts

170 months

Tuesday 3rd November 2015
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walm said:
DonkeyApple said:
You get the next possible price for the size, assuming a market order. So in this case it would be at the open in Monday and chances are that as volumes will be very thin you'll get a very wide spread and if in size then the fill will dig down well below best bid and offer and get an even worse level.
He's talking about a retail order in a EUR3bn mkt cap stock.
I am pretty confident he isn't going to move the market or widen the spread.
Even in the morning.
? Depends entirely on what's in the book at best. At the open on a Monday it can be absolutely bugger all and very easy for a retail size order to get filled below. Mkt cap doesn't per se define order book liquidity at open, just look at Whitbread as the classic example traditionally. It doesn't have anything to do with moving the market.

walm

10,609 posts

203 months

Tuesday 3rd November 2015
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DonkeyApple said:
? Depends entirely on what's in the book at best. At the open on a Monday it can be absolutely bugger all and very easy for a retail size order to get filled below. Mkt cap doesn't per se define order book liquidity at open, just look at Whitbread as the classic example traditionally. It doesn't have anything to do with moving the market.
What?
If you are widening the spread with a fill, let alone filling "well below" best offer then you are by definition moving the market, no?

I know mkt cap doesn't correlate to volume but it's a decent first approximation.

I'm not a trader and we usually just stick algos to VWAP at 1/3 the vols but I guess perhaps I am foolish to ignore the concern around morning volume.
I would be more concerned about news overnight spiking it one way or the other!

DonkeyApple

55,408 posts

170 months

Tuesday 3rd November 2015
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walm said:
DonkeyApple said:
? Depends entirely on what's in the book at best. At the open on a Monday it can be absolutely bugger all and very easy for a retail size order to get filled below. Mkt cap doesn't per se define order book liquidity at open, just look at Whitbread as the classic example traditionally. It doesn't have anything to do with moving the market.
What?
If you are widening the spread with a fill, let alone filling "well below" best offer then you are by definition moving the market, no?

I know mkt cap doesn't correlate to volume but it's a decent first approximation.

I'm not a trader and we usually just stick algos to VWAP at 1/3 the vols but I guess perhaps I am foolish to ignore the concern around morning volume.
I would be more concerned about news overnight spiking it one way or the other!
It's not considered a real market at that point. It's just junk filling up the order book. It's the worst time to try and trade regardless of size as in the first few minutes there is no credible market. It's even worse off SETS where a MM will have to assume the seller may know something they don't yet and fill accordingly.

Just ask any spread better who has had a stop triggered at the open what their average slippage is at that time as opposed to in normal hours.

You can get filled off Best with a very small number of shares in some very liquid stocks and arguably it has become worse for some since more pro volume has moved to the dark pools leaving some order books on the LSE taking over 20 minutes to actually bed down properly.

Retail should always avoid market orders at the open if possible.

walm

10,609 posts

203 months

Tuesday 3rd November 2015
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DonkeyApple said:
It's not considered a real market at that point. It's just junk filling up the order book. It's the worst time to try and trade regardless of size as in the first few minutes there is no credible market. It's even worse off SETS where a MM will have to assume the seller may know something they don't yet and fill accordingly.

Just ask any spread better who has had a stop triggered at the open what their average slippage is at that time as opposed to in normal hours.

You can get filled off Best with a very small number of shares in some very liquid stocks and arguably it has become worse for some since more pro volume has moved to the dark pools leaving some order books on the LSE taking over 20 minutes to actually bed down properly.

Retail should always avoid market orders at the open if possible.
Got it.
Very interesting.
I genuinely thought there was enough volume (at least from MMs in multi billion EUR mkt cap stocks) for retail sized orders to fill with minimum fuss!
I take it back!

DonkeyApple

55,408 posts

170 months

Tuesday 3rd November 2015
quotequote all
walm said:
Got it.
Very interesting.
I genuinely thought there was enough volume (at least from MMs in multi billion EUR mkt cap stocks) for retail sized orders to fill with minimum fuss!
I take it back!
There is for most stuff but there are some big equities whose order books take a long time to fill. And non SETS is a minefield.

A big retail complaint area is slippage in opening fills as few appreciate how little size there is at best in the open and how thin it generally is as you go down filling what can be a very small order. For years much of Monday morning would be spent by Support emailing Bllomberg time and sales data to miffed clients who'd been slipped hard in stop fills at the open.

StangGT

3,925 posts

270 months

Tuesday 3rd November 2015
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Anyone else in to Sirius Minerals?

My internal optimist tells me that things are looking very tidy for them over the medium term.


traxx

3,143 posts

223 months

Tuesday 3rd November 2015
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twinturboz said:
traxx said:
still think Amba is a massive sell - what exactly is their unique product?
Can't argue with you long term but pull up a 1yr daily, what's your thoughts? Looks oversold to me combined with a bottoming formation right at the .618 fib, I see it as a decent set up with the potential to bounce into the 60's of course if it loses the 50's then agree it's going a lot lower
Amazing 10% move up today and yesterday - guess the HFT/Algo funds saw a chance to burn the shorts

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