bosley
- 20 Feb 2004 09:34
insiderinside
- 19 Oct 2005 16:46
- 11924 of 27111
sorry - i have to do this - after all the ramping of high oil prices -
OMG - oil price falling - oil everywhere - its the end of Starpol 2000 - who wants more expensive crap - when you can have good cheap oil based products - and with Bush supporting the oil industry and the use of lots of oil - the US will keep using more and more - oil and oil based products !
http://money.cnn.com/2005/10/19/markets/eia_oil/index.htm
Oil falls as crude stocks swell
Reports shows oil inventories grew by more than twice the expected amount; demand falls.
October 19, 2005: 10:54 AM EDT
NEW YORK (CNN/Money) - Oil prices fell Wednesday after a government report showed crude supplies rising far more than expected.
U.S. light crude for November delivery lost $1.05 to $62.15 a barrel on the New York Mercantile Exchange. Oil prices were down 20 cents prior to the report.
The Energy Information Administration said the nation's crude supplies rose by 5.6 million barrels for the week ended Oct. 14, while distillates declined by 1.9 barrels. Analysts were looking for a 2 million build in crude stocks and a 1.7 million barrel drop in distillates, according to Reuters.
i feel better now - had to do that - thank you
Bema
- 19 Oct 2005 16:46
- 11925 of 27111
This is just by charting of course. Any news blows things out of the water. (maybe even out of Baza's waters!?!)
I think we're looking to the end of the ASDA trial now........
Regardless, i hold 50% more SEO than previous to this little hiccup so i'm happy! ;o)
Bema
- 19 Oct 2005 16:48
- 11926 of 27111
LOL, crude is in good supply.
It's the refining bottleneck that will get them next. Thanks anyway ii.
insiderinside
- 19 Oct 2005 16:48
- 11927 of 27111
the chart says down - the sell off is not finished - has it started in earnest yet - throw in no Walmart news as the rampers have promised - and late tomorrow and Friday could see the price well down - and I mean well down -
do not rule out the ramp factor about Walmart and this week - when it fails to happen - there could be a rush for the door before end of day Friday -
Bema
- 19 Oct 2005 16:53
- 11928 of 27111
LOL! You are not one of the selected chartists i am following ii.
Only the posters who have not historically fixed their charts have my attention at the moment, whether they bode fair or foul......
hewittalan6
- 19 Oct 2005 16:53
- 11929 of 27111
ii,
that doesn't address the environmental argument, though I accept that The USA doesn't give a damn about the environment, and nor does it address that oil is historically very high and, since you love charts so much, has been in a consistently upward trend for years.
Neither does it address the accepted fact that oil is a finite resource and will dry up, the only question being when.
If we accept these facts then we accept that the reason we all need oil so much is because our cars and homes guzzle it too rapidly. If we wish to keep our lifestyle longer then we must find alternatives to oil in the areas that do least damage to our lifestyle, and the simplest way is to stop using it to manufacture things that are thrown away a few days later.
Sermon over, but its nice to see ii posting without the usual hystrionics.
Alan
Bugz
- 19 Oct 2005 16:55
- 11930 of 27111
I disagree ii.
Although we might take one or two ticks off tomorrow, I dont think we'll see another bear raid again in the 12p region. The MM's have been called into line with the last RNS and I know at least three of the biggest MMs will support a mid teens price-for the mean time at any rate.
As many say, ramping on BBs has pretty much fa impact on the sp-I'm afraid you know that too ii. Indeed the Walmart announcement is needed to further boost the sp, but even without it, this time next year SEO will be selling units to other firms post the ASDA 1 year deal and will have at least 200 machines converted anyway.
However prehaps as a chartist your looking at the trend now and not further down the line, which is fair enough!!
Biscuit
- 19 Oct 2005 16:57
- 11931 of 27111
Remember SEO's major steps in Europe and North America will be "reported shortly" and that was in the RNS 2 weeks ago so not long to go now.
lindos
- 19 Oct 2005 16:57
- 11932 of 27111
Does any one have a view on the 2.8 million trade advfn have it down as a sell
thanks
lindos
Bugz
- 19 Oct 2005 17:00
- 11933 of 27111
Its down as a vw trade-dunno that code. Anyone with the answer?! :)
insiderinside
- 19 Oct 2005 17:02
- 11934 of 27111
lindos - did the price go down today ?
if yes - it was a sell and SE0 ended red
if no and SEO finished up and blue - it was a buy
did that answer your question ?
Biscuit
- 19 Oct 2005 17:03
- 11935 of 27111
Means the price shown is the average price of share in the transaction so obviously took place over a period of time.
hewittalan6
- 19 Oct 2005 17:04
- 11936 of 27111
No idea what vw means unless it means someone paid too much for a Passat!
ii, you should know better. The stock market is nowhere near being the perfect supply and demand model you are portraying. Even amateurs like me know that.
Alan
lindos
- 19 Oct 2005 17:04
- 11937 of 27111
Not the answer I was hopeing for but thanks
Lindos
Bema
- 19 Oct 2005 17:04
- 11938 of 27111
Volume weighted average i think???????????????
Definition:
VWAP. A measure of the price at which the majority of a given day's trading in a given security took place. Calculated by taking the weighted average of the prices of each trade. The method is used by institutional traders, who often break a given trade into multiple transactions.
insiderinside
- 19 Oct 2005 17:08
- 11939 of 27111
alan - just trying to be helpful - ;)
bugz - 200 conversions does not support the price at this level - it does not support a 10p price - i am sure the bears will raid again - if the chance comes - and ramping does have an effect with SE0 - even sham was back in today just in case of news - but the ramping only helps traders - what is ramped up - will be shorted down - so - as is SEO now - its an excellent traders stock - you can go long and short and long and short and make a fortune trading it up and down - this will only stop - when its fundamentals improve - or the price falls to where its fundamentals are - and jam tomorrow is not a fundamental.
Dow and Nas in the red - bad end to the week coming ?
Bema
- 19 Oct 2005 17:08
- 11940 of 27111
Mind you the code for that seems to be VWAP and not VW checking my LSE codes.
Oilywag
- 19 Oct 2005 17:11
- 11941 of 27111
So Bema based on what you said, it could be that most of those trades involved in the vw collective trade took place when the sp was really low this morning and that trade reflected buys, rather than what ii indicates above.
The oily one
Phart68
- 19 Oct 2005 17:15
- 11942 of 27111
Posted on Wed, Oct. 19, 2005
Wal-Mart endorses 'green' grocery packaging
By Harold Brubaker
INQUIRER STAFF WRITER
Wal-Mart Stores Inc., which in addition to being the nation's largest retailer is also the largest seller of groceries, has begun switching from petroleum-based to corn-based plastic packaging.
One of the first market tests undertaken by the retail giant involves 114 million clear-plastic clamshell containers for cut fruit, herbs, strawberries and brussels sprouts, Wal-Mart executive Matt Kistler said this morning at a conference in Philadelphia.
"This is a way to make a change positive for the environment and for business," said Kistler, who is vice president for product development and packaging for the company's Sam's Club division.
Kistler said the packaging initiative is part of a broad effort started a year ago by chief executive officer Lee Scott to incorporate environmental concerns into business decisions at Wal-Mart.
NatureWorks L.L.C., a Minnesota-based division of Cargill Inc., produced the plastic for the Wal-Mart containers from polylactic acid, which is derived from corn.
One advantage of the plastic made from polylactic acid - beyond the reduced consumption of crude oil - is its ability to be composted in carefully regulated municipal operations.
Containers and packaging accounted for 32 percent of municipal solid wastes by weight in 2003, according to the Environmental Protections Agency.
More than 200 people attended the Sustainable Packaging Forum at the Sheraton Society Hill Hotel. It was produced by Packaging Strategies Inc., West Chester.
http://www.philly.com/mld/philly/news/breaking_news/12942307.htm
EWRobson
- 19 Oct 2005 17:17
- 11943 of 27111
Hey; another enjoyable catch-up; good to see Mr PM bite the dust - we must look out for him to reappear under another name. Interesting that its quite difficult for someone to change his style - does a dog change its spots, I ask; glad my own posts are nothing like PMs so will give sd a good hiding when I see him; by the way you tend to see a lot of squashed dogs by the roadside here.
Distance lends objectivity so they say. You could see the logic of oblomov and sham's sales around 18p as the upper trend line was tested. Bit surprised to see sham in at 15+p; ii (less objectionable recently, note) more likely to be right that we are still trading in the downward channel. Would have thought sd would have called a double bottom (hate the idea of a single bottom anyway). Alan asks the pertinent question whether trading has taken over from the fundamentals - I would have thought that the fundamentalists, like me, went mad and took the sp too high based on projections of greenseal, OK-founded on plausible figures from Evo and Peel Hunt, and since then the traders have had a field day. I'm sitting here trying to learn, well taking the sun and watching the girls and flowers as well. With a virtual pot, I think I would have been in with baza and out with sham, switching to a short (yes!) to match the shorts weather, possibly closing that about now and waiting for a further fall before coming back in. Baza of course has a lot of experience what with understanding level2 and being 95 years old today and therefore older than me. Happy birthday, too, to driver who is 15 today (15 months that is) from that lovely gooey picture of her.
I am appreciating charts a bit more in my old age,particularly double bottoms and those double tops with added curvature. But I will repeat my view is that the range on fundamentals is a cap of 100 to 150m (thats 75-100 for greenseal) and 25m to 50m for Starpol and an sp of 11p to 16p and that the channel needs to turn horizontal before retracing. I suspect that only signifiant news or rumours of news will change that. I also suspect that it will take until 2006 for that news to come through when I believe it will.
Eric