Jessops Share Discussion Threads

[spitfire3] 26/10/2009 08:39

anyone seen chris langley......??

[sportbilly1976] 26/10/2009 08:33

morning all...

another day at the wonderful, wacky JSP world...!

[fishman] 23/10/2009 20:17

...well,you can...but it's not consistent.

[fishman] 23/10/2009 20:16

ps...don't get too caught up with that 'defined value' notion.
One day 'a stock is worth what someone will pay for it'.
Another day (i.e. today) we have a 'defined value'.
No,no. You can't follow the both.

[fishman] 23/10/2009 20:12

Chart seems to be implying a rise from here...
'Impossible' I know.....but hey.
Sportbilly1976:

If you are saying it is easy to put a stop on a 1.5p short at 3 or 4p, then fair enough. Maybe some have.
Let's hope for their sake there isn't a price spike!
That would be just too embarrassing.....
Anyway...how is setting a stop at 200% of your strike price a good idea?
That means if you went short a million at 1.5p, you'd have to cough up 15 grand, wouldn't you?

[sportbilly1976] 23/10/2009 12:16

well 1.25mln sold this am...and 2.64mln in total (incl plus)....so it would seem that some are taking advantage of the price rise the other day to offload....

[sportbilly1976] 23/10/2009 11:35

fishman,

I would imagine that anyone went short at a similar time to me (when the share price was around 1.5p mid). they will then have a stop a 'comfortable' distance away...say 3-4p.

And given the uncertainty over when this could be suspended/delisted it surely would be too much of a risk for them to buy something which is currently costing 14x the underlying, and defined value...add to that the spread and the quantity required to make any return and it would appear to be an odd one to go for (when you consider the other 3000+ shares on the exchange)?

[fishman] 23/10/2009 11:29

Typo56:
The scenario doesn't seem clear all: is any publicly-accessible system actually allowing new short positions to be taken at the moment?
If not, how can current short-holders merely get stopped out at a loss and then short again?
Or do they just keep positions open, whatever happens.(Do shorters do that?)
Of course there's a conviction still that this is a one-way ticket.
However, a 'punt' is in the realms of betting way away from the favourite.
And that certainly goes on a hell of a lot in the world of trading, so why not here?

[sportbilly1976] 23/10/2009 11:14

still able to sell 500k at 1.227p

[sportbilly1976] 23/10/2009 11:00

that 500k is not me by the way!

[sportbilly1976] 23/10/2009 10:01

well there is still a buyer around.

currently able to sell up to 500k at 1.23p, although playing around with the size - 500,001 gets 1.04p and 1 mln gets offered 0.7p

[typo56] 23/10/2009 09:51

fishman, depends on how deep their pockets are. Even at 1p it's only got a tiny market cap so nobody is going to have a very significant short position. I suspect if it were to shoot up shorters would simply be tempted to add to their position!

[fishman] 23/10/2009 09:43

TYpo56:
Is it the case that if the price goes against short holders whilst the shares are still traded, they will be forced to close at a certain point?
It is an interesting scenario - you know you can get your 0.1p.....but the price jumps up before that time forcing you to close.
This is the possibility. The end game is not it.
After all, a lot of shorters got burnt recently on the market upturn.
Yes...at some stage their short instict will be right.
But that doesn't alter the fact they had to close at a loss recently!
If there are sufficient chancers around who buy up the available shares, the price will have to rise, and make it uncomfortable for short-holders.
Trading as we know it these days is more about exploiting the positions of other traders, rather than particularly being interested in the inherent value of a share.

[sportbilly1976] 23/10/2009 09:19

or use the £100 and open a spreadbet on a ftse company / index to maybe make £10-20 over lunch

[tr65] 23/10/2009 09:11

Admire your spirit, Tim, but buying a hundred lottery tickets might have made more sense.

[sbs] 23/10/2009 09:05

DiscoveryTim - JSP no longer own the business.

[typo56] 23/10/2009 08:53

sportbilly1976, my broker has said that when they go plop shorts will only be liable for 0.097p per share. People who think they'll be able to sell their holdings for more on the 'grey market' to closing shorters are liable to be disappointed.

[tr65] 23/10/2009 08:30

DiscoveryTim: with your obvious flair for economics, you should be taking over from Alistair Darling.

[discoverytim] 22/10/2009 16:43

Yeah, I know. But in the dream they hit 5p and then I'm out. And I get to buy a few beers and the sandwich.

This is pure speculation without the need for lots of research.

Just waiting for BHR, SEY, GRL, PXS, ACU and NTOG to hit some more highs. a bit of top slicing there and this seems harmless.

[sportbilly1976] 22/10/2009 16:37

Discovery,

10% up and the you manage to sell for a profit of £3-4....

surely there are better opportunities in the market at the moment...there are small oilers etc which are doubling overnight currently.

why wait 2 weeks for enough to buy a sandwich?

[discoverytim] 22/10/2009 16:33

True, But get 10,000 pi's with a spare £100, and then you get the uplift and now - like me, only 7 quid down. 10% over the next week and it's all blue. Just a matter of timing the get out.

[sportbilly1976] 22/10/2009 16:28

"Who knows, some who doesn't know the background comes along, like the name, like the price - and wham buys a truck load."

usually the quickest way to get stung in the stock market is to buy a stock without doing any research first....

....and anyone buying "a truck load" will surely do their research first.

[discoverytim] 22/10/2009 16:22

Exactly why I put £100 quid in. Boom or bust and a bit of interest to boot. How many nuts jobs are out there exactly like me. Have made a few bob on other shares and are taking a punt.

Who knows, some who doesn't know the background comes along, like the name, like the price - and wham buys a truck load.

then everyone else scampers and I make £50 and have a laugh :-).

It's also great to go down the high street and tell the missus that I own Jessops out right with my one'r.

[sportbilly1976] 22/10/2009 12:29

tr65,

yep...although if these are suspended/delisted tomorrow those that hold (including MM's) will get either the 0.097p offered by HSBC or an agreed amount from pbracken's broker on his behalf.

people who hold can sell today for 1.1p currently or get 1/11th of that once suspended. (no-one here knows when that will be either)

if he has a contract till the end of december then he can hold onto his short till then, and the Company has already stated that it will be delisted by the end of the year...and then he can offer a holder (institution, pi or MM) a price for their stock.

...and given the small, continual buying we have seen on plus recently I cannot see that being anything other than pi's who went short and are now closing their postions and taking the profits/losses.

this stock still remains one of the most interesting on the exchange at the moment, simply because of its gravity defying nature!