GraniteShares 3x Short Rolls-Royce crash

Hi I’d like to be added to the complaint I’m near 3k down cause of them.is it safe to forward name email through here regards gavin

Mixed bag. I was under the assumption based on how they outline it that the underlying stock would need to appreciate near 30% in order for the stop loss to be triggered as a failsafe, so 40 -> 46.66p would not qualify AFAIK, as a <60% depreciation in the leveraged product has - and should - occurred in the past without the adjustment. Nevertheless, we’re now in a situation where we effectively shorted a stock at 75p (or higher for those that bought in post ex date trading), it’s down 10% and yet we’re all still 50%+ in the red. For those that bought at 16p, congratulations, that’s the very reason we’ve all been shorting this the last week (or more), yet we’re denied the gains because of their poor handling of this situation. If they had adjusted it when RR went to mid-90p, I would have averaged down and been able to profit. As it stands, this was taken from us. It adjusted to a mid-90p-based price only when the price had already declined to mid-80s, robbing us of even a chance to capitalize on this while also exposing us to a higher baseline which doubly hurts us now as the shorts go up big time. Again, we’re left out in the cold rain through no fault of our own.
Let’s see what they respond on Monday, and let’s hope we can all recuperate our losses if/when RR tanks early November. I know I’ll liquidate all my granite holdings the second I’m no longer thousands in the minus…

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Thanks for you reply, Sorry maybe I didn’t explain right, I was referring to the actual Rolls Royce instrument share moving down to those prices then back again the next day, because of the rights issue impact moves of 10pence a day are very real movements, and the lower the Rolls Royce share goes the more vulnerable any investor in the graniteshares 3x tracker becomes, a 16.67% Rolls Royce move back up is what happened on Tuesday and I believe it could happen again given the low value and fluctuation of the stock, I’m hoping that I’m wrong with it or that they calculate a different Stop loss percentage depending on the stock value, definitely not something I’d invest in ever again

PLEASE REMOVE PERSONAL DATA AND EMAIL FROM THIS TOPIC! :pray:

Send whatever data you need in private message, whatsapp, etc… it’s a ā€œpublic forum guysā€ā€¦ soon someone will be sharing phone number, document ids etc.

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Hi guys! Just want some advice for 3xshortRR! I’m down 7k at this time and 4K still on the market! I should sales 3xshortRR and lose 7k or wait???

IMO with England in lockdown now the short stock should do really well next week. And unless ya need the money right now don’t take the loss.

Thanks! I will keep it hope will go :arrow_up::crossed_fingers:

Hey, can’t PM you, so is it too late to join or what can i do ?
Lost about 2,5k

why not do your research before you post anything?..

Hi

Don’t worry if you are not added in the letter to Graniteshare. Apart from me, another 20+ investors were included in the letter to them so I’m sure any update will be shared in this post for you. If any compensation stage is reached you will have access to that too.

I’ve seen this article too. It seems to me on 12th Oct there was an intraday reset occurred and this article is trying to clarify at what point the reset was done. Our case was 28th Oct so let’s see what they will update by the end of Monday.

I’d hope it could be that simple but given what happened on 28th Oct, please be extremely cautious regarding their intra-day reset procedures.

If $RR price shot up another 17% before they come back down, then all the 3SRR you have opened could be subject to another stop loss reset as 28th Oct.

Granitshare’s intraday stop-loss protection could be triggered at 50% = when RR price goes up over 17% then the stop loss protection of 3SRR would then be triggered and god knows what new adjustment they will make at any random point of the day again.

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The stop loss can only be triggered if RR rises by 33%, which essentially would mean a 100% drop in short shares. Couldn’t be triggered at 17%

Does anyone know how the rights issue may affect the share price going forward, people who hold shares currently are being given the opportunity to purchase more shares at a discounted price, how will this affect the value?

Maybe you shall do a bit more reading to understand it before trading it again

Guys, Graniteshares has published a video online to explain their actions on 28th Oct.

Most of explanation seems reasonable but one area in particular that they acknowledged, for a period of time (in fact over 4 hours) the price traded on that ETP was (over 60%) above the correct value and they said it’s not their responsibilities to determine the price as the market markers (including institution investors, private investors etc) to bid and trade freely, even it’s on a wrong value… Is this an honest answer to our key argument for so many investors who lost their investment when they traded between 11:00-15:00 during 28th Oct? Since this is traded on London Stock Exchange, is this a fair way to say they want to push the responsibility back to us as we wanted to traded on a wrong value through LSE?

Hard to say if they are on the wrong side of the fence since too many entities are involved unless we need to involve LSE and the market makers as well or May be a solicitor can help us to dig deeper into this.

What do you say?