Purplebricks Share Discussion Threads

[bobmonkeyhouse] 09/2/2018 12:53

It is possible.

[cc2014] 09/2/2018 12:50

No, not possible. Not through a broker who expects to keep their licence anyway

[bobmonkeyhouse] 09/2/2018 07:50

It is possible to short without borrow, not strictly by the rules though

[ltcm1] 09/2/2018 05:57

If you have a few big investors and a small free float, that can lead to a lot of price distortion in a bull market with a high growth stock. Shorting is helpful in this situation as it levels the playing field. Until said big players take their shares back at least.

rog Woodford is fixing this one but he can't control it indefinitely.

Don't let this become another Slater and Gordon for you rog.

[clocktower] 08/2/2018 15:56

At leas IG etc will not be able to say someone wants their stock back and close your position if you stick to taking a "position" be it long or short on the FTSE.

There being a lower risk "investment" bob. :-)

[bobmonkeyhouse] 08/2/2018 15:34

LOL. I wondered if someone might pick up on that!

Being long is a gamble, short is an investment because I'm always right :)

[clocktower] 08/2/2018 15:28

So Andy and bob, Do you agree that they(long and short positions)are both Gambles - being "a risky action undertaken with the hope of success".

[andy] 08/2/2018 09:37

Zho,

That sort of article doesn't surprise me, in fact I expect to see many more similar stories, and not limited to PB either.

When someone takes an upfront payment they have less incentive to do further work, the focus will be on the next commission rather than achievement of a sale, IMO.

[andy] 08/2/2018 09:33

bob,

Yes on that we do agree.

[bobmonkeyhouse] 08/2/2018 09:29

Fair enough Andy


I was interested in your point of view, as there are those that do not recognize short trades as an investment, yet longs and shorts both have the same objective....profit.

[andy] 08/2/2018 09:12

bob,

Ok not an investment in the underlying security.

[bobmonkeyhouse] 08/2/2018 08:08

Definition of investment


in|vest|ment
[ɪnˈvɛ;s(t)m(ə)nt]

NOUN
the action or process of investing money for profit:
"a debate over private investment in road-building" · [More]
synonyms: investing · speculation · expenditure · outlay · funding · backing · [More]
a thing that is worth buying because it may be profitable or useful in the future:
"freezers really are a good investment for the elderly"
synonyms: venture · speculation · risk · gamble · asset · buy · acquisition · [More]
an act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result:
"the time spent in attending the seminar is an investment in our professional futures"
synonyms: sacrifice · surrender · foregoing · loss · relinquishment · forfeiture

[bobmonkeyhouse] 08/2/2018 08:02

Why is a short not an investment? I think it is, you are investing your money with a view to make money, just buying and selling in a different order

[andy] 08/2/2018 00:15

Rog,

A short is certainly not investment!

But they're allowed!

[rogthepodge] 07/2/2018 21:55

sensible lender

wanting his PURP's back

out of the hands of the cynical international shorting conspiracy

who only care about the quick buck

not investment

[thirty fifty twenty] 07/2/2018 20:31

likewise for me and IG

it would seem like NW is calling the shots,
in innocence maybe the lender wants the shares back so they can sell them?
either way it is horrible to have such manipulation
but it does so they can in the terms - i just didn't think they ever would.....

so any short position i have they can close out with no notice!!
why would i take the risk of any short again??
how IG prioritise who to call first?
i got no explanation as to why other than lender wants their shares back

it all adds to the smoke and mirrors of PURP

[andy] 07/2/2018 17:55

itcm1,

That'w why IG wouldn't let me back in then!

And yes I think they can do it, but it;s not ethical, IMO

[ltcm1] 07/2/2018 16:35

Guys does it say anywhere in the terms and conditions that they can do this???

It seems like a charta for closing out winning positions.

[bobmonkeyhouse] 07/2/2018 16:33

is woodford lending and them withdrawing them to support share price?

[ntv] 07/2/2018 16:20

whole system appears to be a bit messed imho

[msc74idc] 07/2/2018 14:47

NTV - Spreadex closed my short position out yesterday also

[ltcm1] 07/2/2018 10:23

How can that be legal? You are contracting with CI not the lender of the stock, surely it is up to CI to obtain other stock or take on the risk themselves???

Looks like this Taylor report is going to have implications for Purp, hard to see how the valuers can be contractors rather than employees, unless they have the freedom to do other work aswell, such as an electrician would.

[ntv] 07/2/2018 09:06

that is the way to protect your over inflated share price but i suppose they now sell the physical stock now

[ntv] 07/2/2018 09:01

that is why the price didn't fall yesterday as they knew they were going to close the short positions
WFJ