bullish
Shinko Electric (6967 JP) Takeover - THIS Is a Dip to Buy
773 Views21 Oct 2024 19:10
Shinko Electric fell in price the last few days, culminating in a big move today on a different Asia deal break, taking the deal to 9.5% gross spread. That sets up attractive annualised returns.
What is covered in the Full Insight:
- Introduction to Shinko Electric Takeover
- History and Analysis of Past Articles
- Current Market Situation and Analysis
- Projected Returns and Risks
- Concluding Thoughts and Trade Strategy
Boomeranged on Wed, 20 Nov 2024 20:53
Shinko Electric (6967 has been pushed down 7 days in a row, from ¥5400 to ¥5200. The TSE data for the first four of those 7 days shows >$8mm shorted on 12 Nov, then US$5mm each of the next 3 days. Avg 24% of volume those 4 days, at minimum. Volumes are up since then, suggesting bigger shorts at lower prices. This smells a bit. Longs are being targeted or someone thinks they know something.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
x