7 votes
The Oracle
Posted 04 November 2020 - 09:42 PM
So who uses the algorithm trading, people wakeup!!!
http://financialmark...algorithmic.htm
Who uses trading algorithms?Trading algorithms are used by several market participants, among these are:Hedge fundsMutual fundsPension fundsInstitutional investorsRetail traders
To what I have heard in the JSE algorithm trading is now well over 60% of the daily trading. So imagine whats happening in Frankfurt!!!
The Oracle
Posted 04 November 2020 - 09:40 PM
Read this will help to undertand
So who uses the algorithm trading, people wakeup!!!
http://financialmark...algorithmic.htm
The Oracle
Posted 04 November 2020 - 09:35 PM
Because that what Algorithms do. The machine made the money on the up and lost it on the down at end of the day was cash neutral.
Read this will help to undertand
https://www.investop...arket over time.
The Oracle
Posted 04 November 2020 - 09:32 PM
Why?
Because that what Algorithms do. The machine made the money on the up and lost it on the down at end of the day was cash neutral.
The Oracle
Posted 04 November 2020 - 09:30 PM
Tom, on 04 Nov 2020 - 8:39 PM, said:
Do you maybe have a reference?
Go way back to the implementation of the CVA same arguments
Master
Posted 04 November 2020 - 09:19 PM
As anyone asked why I would by shares for E0.0536 the soon after sell it for E0.0509?
Why?
Master
Posted 04 November 2020 - 09:18 PM
Tom, on 04 Nov 2020 - 8:39 PM, said:
I think the group opposed maybe could be LSW, a German entity associated with Seifert.
Tom you are correct!!
Do you maybe have a reference?
Edited by Tom, 04 November 2020 - 09:23 PM.
The Oracle
Posted 04 November 2020 - 09:14 PM
I don't know where this hate comes from. Management cant do nothing that one idiot didn't agree to extend. However management has made a plan B and this will be a success. Tradegate is talking. Tomorrow we are opening with a huge GAP on the JSE. Hope you guys are not sitting on short.
Exactly this is how stupid some people are trying to bend the truth about management. (I agree with TRUMP fake news) This was already forseen and was mentioned on the proposal so to me proves one more time uninformed people are as usual finding fault with management yet a perfect job done one more time. CONGRATULATIONS LDP to you and you smart team!!!
The Oracle
Posted 04 November 2020 - 09:06 PM
I think the group opposed maybe could be LSW, a German entity associated with Seifert.
Tom you are correct!!
The Oracle
Posted 04 November 2020 - 09:05 PM
Tradegate volume already appears to be leveling off...
I have said this over and over majority of the trading is done by machines using algorithms. So when news comes up the system calculates the importance set like for example the anouncement was expectec so the computers are set if approval is received buy. but the problem the machines are not clever enough to read the whole story then some machine owner reads the news and reset them and then we see the fall until balance is reached.
As anyone asked why I would by shares for E0.0536 the soon after sell it for E0.0509?
You guys need to be aware of this factor. This is the reason why many people loose money.
Master
Posted 04 November 2020 - 08:39 PM
I think the group opposed maybe could be LSW, a German entity associated with Seifert.
Edited by Tom, 04 November 2020 - 08:41 PM.
Member
Posted 04 November 2020 - 08:16 PM
Typical pump and dump on Tradegate it seems...looks like the SA market wasn't biting as they closed over 4% down. This delay is not doubt caused by people who have more money than what they know what to do with. Is it to do with the Tekkie Town debacle?
Newbie
Posted 04 November 2020 - 07:41 PM
Tradegate volume already appears to be leveling off...
Master
Posted 04 November 2020 - 07:32 PM
In order for "Part 26 of the Companies Act 2006" to be granted, Steinhoff will have to convince the court, while the opposing institution can counter claim, and the court then will decide.
Edited by Tom, 04 November 2020 - 07:33 PM.
Master
Posted 04 November 2020 - 07:22 PM
from "https://www.biznews..../10/30/jooste":
"Steinhoff ... still has to resolve legal action including by its former billionaire Chairman Christo Wiese.
The Oracle
Posted 04 November 2020 - 07:02 PM
Master
Posted 04 November 2020 - 06:42 PM
The "SEAG Facility A2" is the biggest of the loans' agreements amounts to "€3.81bn" and has the biggest interest rate (which is 10.75%), so for this loan agreement to refuse any delay, means Steinhoff most come up with the money in 13 months from now, which means during next year Steinhoff most announce if they can pay the sum of (3.81*0.1075*3years) more than 5 billion Euros or not, and so far they don't seam to be able to get such cash.
That in addition to their biggest case, with Wiese and his creditors, is still not decided, and then other claims from TT and others that didn't so far accept the settlement offer, where they will be suing in the Dutch and German courts.
Edited by Tom, 04 November 2020 - 06:47 PM.
Master
Posted 04 November 2020 - 06:10 PM
Probably the creditors that refused will be fighting this in the British courts and any other courts, as these creditors probably want their money asap, and have no intention to wait for Steinhoff endless mess, which would mean more time and more uncertainty.
Edited by Tom, 04 November 2020 - 06:11 PM.
Member
Posted 04 November 2020 - 05:33 PM
Advanced Member
Posted 04 November 2020 - 05:32 PM
100% correct. They have approved the extension and settlement proposal. They just need a bit more time to implement.
Also important part:
- Steinhoff is pleased to announce that it has received overwhelming support from its financial creditors in respect of the Proposed Settlement.
- The SEAG CPU will run in parallel with other processes and as such is not expected to delay the intended implementation of the Proposed Settlement. As previously announced, Steinhoff’s intention is to implement the Proposed Settlement as soon as possible.
share jumped +10% already on TRadegate
