Marcraffard
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Posts posted by Marcraffard
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Interesting!!
David Tepper Hates Social Media, but Still Loves FAANG Stocks
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Stephen Jarislowsky vs Jim Cramer
Short FAANG ETP - Ticker SFNG
https://www.bnnbloomberg.ca/high-flying-tech-stocks-could-collapse-jarislowsky-warns-1.1610785
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On 18/05/2021 at 09:17, RO1982 said:
Your consolidation has reduced the number of units I own as described, but the prices are still pre reverse split, so the value of my holdings has reduced considerably. I also can't trade this online and it took me an hour to speak to customer services yesterday.
When will this be fixed please?
Thanks
Hi RO1982,
Everything has been fixed Wednesday afternoon and the 3STS opened normally at LSE opening on Thursday morning.
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On 18/05/2021 at 01:24, Plok said:
and there is absolutely no need to consolidation.
As I said in my previous message, it was to prevent an early redemption.
I am pretty sure that an early redemption, closing all trade and making the product unavailable for minimum 3 month would have been much more annoying for investors.
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On 17/05/2021 at 17:34, Guest Aleksandr said:
It is not about halving the amount of money. Like you mentioned (17850 to 8500) it is about number of shares if I had 225000 shares now I have only 150. Although the value remain the same. The future returns are significantly lower.
from 225000 shares at a price 0.007 if it increase daily by 10% in 90 days this would make around 1m
but given 150 shares at a price of 6 if increase by 10% daily then need almost 150 days to get around 1milion.
granite shares just made a trick, this is my opinion.
not gonna buy any more of their product
I understand your point of view, but doing the reverse split was something very important to do.
The price per ETP was as low as $0.0040 at some point and if the price was going below that, GraniteShares should have done an early redemption which would have been worse than the hypothetical scenario of declining profit for 90 days thereafter.
Early redemption mean that all position of all clients are closed and the product do not exist anymore.
It would then have been necessary to wait two or three months for the product to be reissued on the London Stock Exchange.
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Dear IG Traders,
London Stock Exchange confirmed book should reopen tomorrow morning (20th of May 2021).
Trading will resume tomorrow morning at the regular market opening hours.
For more information, a notice has added on regulatory news section of website ref. 3STS : https://graniteshares.com/institutional/uk/en-uk/research/graniteshares-financial-plc-the-issuer-graniteshares-3x-short-tesla-daily-etp-securities-the-etp-securities-notice-of-consolidation-of-securities/
More information about the Reverse Split: https://www.graniteshares.com/institutional/uk/en-uk/research/3sts-reverse-split-effective-17-may-2021/
You can check tonight the latest Value per ETP of 3STS following that link: https://www.graniteshares.com/institutional/uk/en-uk/etps/3sts
Official announcement by the LSE can be found via this link: https://www.londonstockexchange.com/resources/london-stock-exchange-notices?tab=2021
We apologize for the inconvenience caused by this issue and we remain at your disposal to answer your questions.
Best Regards,
Marc
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[UPDATE] 3STS – Tesla Short -3x ETP
Dear IG Traders,
As you may know, this Monday, a reverse split have been done on 3STS. Following this reverse split, the London Stock Exchange have halted Trading on 3STS after GraniteShares noticed that depositaries and clearing house did not made all payment.
We are doing all we can to ensure that third parties can rectify the situation as soonn as possible, so that trading can resume quickly.
Unfortunately, we do not expect trading this morning at the opening of the London Stock Exchange. We will keep you informed as soon as trading will resume.
IMPORTANT - Value per ETP Security as of 18 May 2021 => $11.80693516
More information about the Reverse Split: https://www.graniteshares.com/institutional/uk/en-uk/research/3sts-reverse-split-effective-17-may-2021/
3STS (Value): https://www.graniteshares.com/institutional/uk/en-uk/etps/3sts
This is the same situation for 3STE (EUR) and 3STP (GBP).
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personally, I hardly ever go short. I invest for the long term and I spread my investment over time. So when it goes down, I keep buying.
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I already answered on Reddit, but I am happy to share also the answer here 😉
As indicated on GraniteShares’ website, “Securityholders will own fewer ETP Securities than before the consolidation but the Value per ETP will be proportionally higher. As a result, the value of a Securityholder’s investment will not change […]. If the consolidation results in any fractional securities, they will automatically be redeemed in cash […].” Note that each is supported by example on the website.
The amount invested will not drop from $17,850 to $8,500 after of the reverse split. It will not change, saved for eventual fractional securities.
The objective of the product remains the same as well and its performance will not be affected by the reverse split.
As a reminder 3STS tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Tesla Inc Index that seeks to provide -3 times the daily performance of Tesla Inc shares.
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15 hours ago, HeOfMuchDisgrunt said:
What does it mean when it lists the "Margin Factors" for some of these Granite 3x shorts or longs then under the heading "Other" (info) it says "Non-Leveraged Only"? I read it to mean you pay 100% for a 3x leveraged position, but why list margin factors in that case?
Leveraged and Short ETP of GraniteShares should not have any "Margin Factors" or "Margin Requirements". The Leverage factor is based on the fact that ETPs multiple the daily move of the underlying. If the underlying stock move up by 2%, the Leverage 3x ETP tracking that stock will move up by 6%.
These ETPs are available with IG ShareDealing account only (not on CFD account).
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All FAANG, FATANG and GAFAM (Long or Short) are available on IG in EUR, GBP and USD.
See below:
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Maybe right time to use FAANG Short -1x (SFNG)... or even FAANG Short -3x (3SFG) !!!!
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Announcement - GraniteShares 3x Short Tesla ETP
Dear IG traders,
GraniteShares would like to inform you about our decision to consolidate the GraniteShares 3x Short Tesla ETP (3STS). For every 1,500 ETPs owned, investors will receive 1 new ETP in exchange.
Investors already invested in 3STS will own fewer ETPs than before the consolidation but the Value per ETP will be proportionally higher. As a result, there will be no impact on the value of your investment. If the consolidation results in any fractional securities, they will automatically be redeemed in cash.
The record date for the consolidation will be on 14th May 2021 with the consolidation date effective on 17th May 2021. Proceeds linked to fractional ETPs are expected to be transferred to the clearing systems on 19 May 2021. Please note it may take a few days for the payment to be received.
GraniteShares believes it is in the investors’ interest to keep ETP prices within efficient trading ranges, and to try and avoid situations where ETP prices become too low or too high.
GraniteShares will not charge any commissions or fees related to the consolidation of securities or disbursement of the payments if fractional securities are involved.
Please refer to the following link for more information: https://graniteshares.com/institutional/uk/en-uk/research/3sts-reverse-split-effective-17-may-2021/
In case of any additional questions, please let us know.
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It is very interesting to see how “FAANG’s father” insist about the potential of the FAANGs.
https://www.cnbc.com/2021/05/05/jim-cramer-advises-investors-not-to-give-up-on-faang-stocks.html
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Dear IG traders,
GraniteShares would like to inform you about our decision to consolidate the GraniteShares 3x Short Tesla ETP (3STS). For every 1,500 ETPs owned, investors will receive 1 new ETP in exchange.
Investors already invested in 3STS will own fewer ETPs than before the consolidation but the Value per ETP will be proportionally higher. As a result, there will be no impact on the value of your investment. If the consolidation results in any fractional securities, they will automatically be redeemed in cash.
The record date for the consolidation will be on 14th May 2021 with the consolidation date effective on 17th May 2021. Proceeds linked to fractional ETPs are expected to be transferred to the clearing systems on 19 May 2021. Please note it may take a few days for the payment to be received.
GraniteShares believes it is in the investors’ interest to keep ETP prices within efficient trading ranges, and to try and avoid situations where ETP prices become too low or too high.
GraniteShares will not charge any commissions or fees related to the consolidation of securities or disbursement of the payments if fractional securities are involved.
Please refer to the following link for more information: https://graniteshares.com/institutional/uk/en-uk/research/3sts-reverse-split-effective-17-may-2021/
In case of any additional questions, please let us know.
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At the moment, the FAANGs are at the heart of the news. To trade FAANGs directly with just one click, discover GraniteShares FAANG ETPs. Long and Short FAANG ETPs are available also with Leverage.
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Trade with GraniteShares Long & Short 3x NIO ETP
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GraniteShares FAANG, FATANG and GAFAM ETPs give targeted exposure, long & short, with or without leverage.
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On 19/04/2021 at 11:31, Marcraffard said:
Out of Leveraged and Short version of the Stock Basket ETP,
we have 3 main ETP:
-FAANG
-FATANG
-GAFAMTry to guess which one has been the best performer over the last 30 days (without looking on the IG platform of course)… I was personally wrong … and surprised 🙄
btw, the most performing was GAFAM with 11.5% followed by FAANG with 10.3% and then FATANG with 9.8%
Even if those index are very similar, the performance can be very different, interesting 🧐
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FAANG, FATANG and GAFAM ETPs are now available in EUR and in GBP.
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US Stock ETP of GraniteShares are now available in EUR and in GBP. Of course on IG platform 😉
World’s first FAANGs ETP on IG
in Shares and ETFs
Posted
What is FATANG?
https://www.graniteshares.com/institutional/uk/en-uk/research/fatang-stocks/