GraniteShares 3x Short Rolls-Royce crash

Hello, sorry I just noticed this thread earlier.
I bought 10,000 units 3Short RR during several trades … kept adding 1000 or 2000 more units as RR stock price was going up and up because I was sure it will have to come down big time…
The last 2000 units I bought just a few minutes before 11:00 AM after that I was unable to buy more.
Trading212 Buy (Market or Limit) kept saying I should try again :slight_smile: and i tried 25 times and didn’t worked… Thank you Trading212 for not letting me buy more 3SRR units cause I would have end up losing a lot more £££.
At 14:29 (7h and 29 mins after opening bell) the ETP GraniteShares took a major hit / made a correction in unit price and I was down 60%, a loss of a few thousand pounds.
The price for 3SRR made no sense for me yesterday but I folowed RR stock price and started to short after went up 85p+ I even bought close to 100p
I wrote 2 emails to GraniteShares and complained about this situation. In simple terms I shorted RR between 85p and 100p and today when RR traded at 72-75p I was having big losses instead of big profits … made no sense at all !
I see above that the boat we’re in is not small and I am just one of the passengers. Sorry all for your loss, my name is EMILIAN MIHAI and I am ready to stand with you against GraniteShares manager.

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Please include markcschofield@mail.com Mark Schofield

Hey! Just joined here from LSE…

I’ve already written a letter to GraniteShares and IG with no response so far.

Next step is to take it to the Ombudsman.

I created a group on Facebook if you’d like to take this over to there? Search ā€œGraniteshares 3x Short Rolls-royce Daily Etpā€

Happy to make whoever else admin there

Could you add me too please. I lost about 2k yesterday. Email is ryano9399@gmail.com

your full name please?

Ryan O’Meara is my name.

Hi all again

I’ve been think more about the current situation and the stop loss implement that graniteshares say they have in place, I have other shares with them that are priced at .0007p so their explanation about the stocks become worthless doesn’t make sense as they should just keep percentaging down like they normally do, I’ve just emailed them now because I fear that this stop loss on the Rolls Royce 3x short could happen again very soon, today the share was up 46% but what if tomorrow Rolls Royce moves back up to 100p! We will hit the stop loss ratio again! with the current Roll Royce pricing the ratio to the share price could move much more than that as it goes lower, this is a very dangerous stock to be investing in, I would not be surprised if trading212 delists it and all their other graniteshares, If what they are saying is correct about the intraday limit these stocks are much more high risk than standard CFD’s and to have something like that in an investment account is not good for any company! To be honest I think that this stop loss explanation is just hiding a cock up on the rights issue calculation as they didn’t adjust at the opening bell like they should have

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a bit too late but I’ve still included your email in the letter, this shall not affect your rights to access this case

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No worries. Great email and thank you for that. Hopefully this is treated with the same amount of seriousness as the loss of money to investors was yesterday.

Hi kxning,
Unfortunately i have the same problem as others, i both 3srr yesterday around 2pm and 90 minutes late i see my investment dropping massively. End of the day i suppose to have a big plus but instead i had a big loss.
If is not to late count me in your action

Cocornel_bz@yahoo.com
Cornel Vasile

Thanks Neo! Good job :clap::clap::clap:

okay guys, up until now there are 23 of you have now been included in the hard copy letter (will be sent out by DPD) and you are also copied back to the original email I sent to Graniteshares. Let’s treat this as a professional manner and unit us for a resolution.

Evening guys.

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Thanks, I got your email not long ago, hopefully we can get more transparency on the whole situation from them soon

Thanks again

I have just seen they have replied to email stating they will get back to all of us by COB Monday.

Well done Neo, let’s see what they come back with now.

Let’s wait and see, I’ll still follow the standard practice and send the hard copy out to them , the tracking record will force them to consider it officially. :slight_smile:

So frustrating … I shorted RR when it was 85-90+ pence per share … now it’s 65p and somehow i am losing thousands :expressionless:

I understand the responsibility lies with Grant Shares manager, but why do we have this product on Trading212 Invest & ISA in the first place ?

I’m hoping to say Trading 212 is neutral on this case as this product seems having passed all FCA vetting before they are allowed to be traded on Trading 212. But after this case, I’m doubting Graniteshares has handled this product properly on 28th Oct and that’s why I didn’t go to Trading212 but only Graniteshares directly.

Hi all

Does anyone know if the Rolls Royce stock moves up more than 16.67% they are saying their stop loss is set at, will our remaining investment be cut by the same percentage again as on Tuesday? Going by the calculation they gave me on their email, if the Rolls Royce share moves from today’s opening price of p68.46 and goes up to p79.87 we will again hit the stop loss percentage of %16.67, can anyone confirm if this is how it works?

Thanks

(Edit*)

The thing is, the lower the price falls the more chance we have of hitting a stop loss on a small reversal, if the price fell to say p40.00 on opening then went back up it would only have to hit p46.66 for the trigger of the graniteshares stop loss, losing a large chuck on the investment yet again!! Can anyone from trading212 people confirm this on here please

Thank you

Hi can you email me aswell. Hiftikher@gmail.com