bosley
- 20 Feb 2004 09:34
Red Erik
- 29 Nov 2005 14:04
- 13102 of 27111
Maybe its code ?
567 = hello (?)
345 = yes I am here (?)
223 = news at 2:23 (?)
223 = definately at 2:23 (?)
Only 20 minutes to find out if I broke the code
Eric the Red
Red Erik
- 29 Nov 2005 14:38
- 13103 of 27111
Ok, not the right code
Who would sell small amounts like that in sequence ?
I still think it's code
Erik the Red
oblomov
- 29 Nov 2005 16:37
- 13104 of 27111
Be easier to pick up the phone, wouldn't it, or do you always communicate by sharedealing?
blinger
- 29 Nov 2005 18:20
- 13106 of 27111
There is a cartoon of explosive on the loo "exploding" somewhere , see if I can find it-lol
blinger
- 29 Nov 2005 18:44
- 13107 of 27111
The meatballs and Scandinavian connections above remind me of the saying (H.Littleton)---
"As the meatball of gluttony sinks into the slough of gravy, and the Swede is mashed in the exit of Ikea---------"
Red Erik
- 29 Nov 2005 19:16
- 13108 of 27111
Oblomov, some people who trade also work for MM's, Brokers, Analysts, even the company itself, they cannot communicate by phone, as all calls are recorded, and a large number ban the use of Mobile Phones at work, because insider dealing by someone from say EVO, would lead to a huge fine for the company(as before ?), and the individual would be fired
Much easier to use coded messages in trades, people have been doing that for years, if they thought it was easier and safer to pick up the phone, I'm sure they would
Erik the Red
FSA hands out 33,000 fines for insider trading
The Financial Services Authority has fined an equity analyst, formerly at Evolution, the stockbroker, and a former finance director of I Feel Good, the Aim-traded publisher of Viz, for insider trading.
Andrew Procter, director of enforcement at the FSA, said: "Selective dissemination of confidential information and its misuse by market participants will not be tolerated by the FSA."
It has now fined six individuals this year for market abuse but this is the first time the FSA has fined individuals for abusive dissemination of information.
The FSA fined Robin Hutchings, at the time an equity analyst at Evolution Beeson Gregory, 18,000 for buying shares for his own use during April 2003 in I Feel Good after speaking with Jason Smith, a friend and ex-colleague who was also IFG's company secretary and finance director.
Mr Smith was privy to takeover discussions between Dennis Publishing and IFG. He confirmed to Mr Hutchings that IFG had accepted a bid from Dennis before it was made known to the market in May. Mr Smith was fined 15,000 by the FSA.
Mr Procter said: "This action demonstrates that we view equally seriously the activities of those who pass on information. This action should concentrate the minds of all those who handle relevant information on their responsibilities."
Mr Hutchings' fine is the second biggest levied against an individual for market abuse. The FSA said if he had not co-operated with the FSA by agreeing to settle the matter the fine would have been "substantially larger".
The FSA said Mr Hutchings did not consult Evolution's compliance department about any of his purchases "although he was aware that he was in possession of price-sensitive information, and deliberately staggered his share purchases to avoid detection".
Evolution said yesterday: "We can confirm that Mr Hutchings worked at the company from November 21 2002 to December 3 2003. The matter is one personal to Mr Hutchings who has now left
the company. Evolution has provided full assistance to the FSA's investigation of this matter."
Last month, Evolution was fined 500,000 by the FSA for market distortion after it sold short [sold shares it did not own] equivalent to 2.5 times the shares available in Room Service, an Aim-traded cash shell. The fine was the second biggest levied on a company by the FSA for market abuse.
The FSA also fined Christopher Potts, Evolution's head of marketmaking, 75,000 - its highest fine against an individual for market abuse. Mr Potts has since left Evolution
Red Erik
- 29 Nov 2005 21:30
- 13109 of 27111
Small trades hardly worth the bother at these prices, any thoughts on this, are some of them code ?
The trades were :-
642 at 09:00
567 at 13:30
345 at 13:46
223 at 13:59
223 at 13:59
100 at 14:17
32 at 15:09
651 at 16:21
371 at 16:24
608 at 16:29
Erik the Red
bhunt1910
- 29 Nov 2005 23:49
- 13110 of 27111
I wonder if ther are share employee share options - or indeed employes selling share options for xmas money ??
Red Erik
- 30 Nov 2005 00:10
- 13111 of 27111
Maybe someone used to use numeric pager codes, anyone else had any experience of such systems ?
http://homepages.enterprise.net/lizm/cbcodel.html
Compare them to the numbers I posted earlier, they look like the type of cryptic thing Flange(?) or radioactiveman would send
Erik the Red
Red Erik
- 30 Nov 2005 00:14
- 13112 of 27111
Baza, why sell 32 shares or 100 or even 345, at 13.5p to 13.75p if they work for the company they would surely be in the best position to know what news was coming and when it was likely to happen, and they would get a much better price.
On the other hand are they allowed to sell any at the moment anyway ?
Erik the Red
bhunt1910
- 30 Nov 2005 07:41
- 13113 of 27111
yes - on reflection - not a sensible solution. If they were buys - that would fit - but not sells.
hewittalan6
- 30 Nov 2005 07:57
- 13114 of 27111
Erik,
Anyone who works for the company can exercise options or trade at any time, providing the employee is not a PDMR.
Alan
Snip
- 30 Nov 2005 08:43
- 13115 of 27111
The small trades are called pirranha bots. It is used to `work` the prices ie keep it up or down. Manipulation by punters and not MMs
Red Erik
- 30 Nov 2005 08:47
- 13116 of 27111
Snip, they must be big punters to not be too bothered about throwing money away on small sells
Must be shorters if they are selling I guess
Erik the Red
oblomov
- 30 Nov 2005 08:53
- 13117 of 27111
Probably a bit of that , Snip. Probably also a bit of of share option exercise.
The idea that they represent some kind of code is rubbish. Why display a 'code' for everyone to see and possibly 'break' when you can use email or telephone?
What a load of old cobblers!
Snip
- 30 Nov 2005 09:08
- 13118 of 27111
oblomov that is no way to speak to people who show concerns on this board. Where is your respect for other people`s opinions?
You have probably twice. That is overweight on guessing
stockdog
- 30 Nov 2005 09:40
- 13119 of 27111
Snip, you suggest going overweight on Guessing - I've not heard of this company and would like to know more.
Yours
Noddy Dog
oblomov
- 30 Nov 2005 09:54
- 13120 of 27111
Snip,
I have also expressed an opinion only - I haven't been disrespectful in any way.
There is so much garbage being posted here of late, someone has to stand up and say so.
garyble
- 30 Nov 2005 11:16
- 13121 of 27111
Oblo,
Pretty bold of you to stand up and call someones hypothesis "a load of old cobblers", especially knowing that there's noway of proving the nature of the v small trades.
It is potentially rude, and can lead to your usual to & fro. Mind you, I now recall you had a run-in with Red Erik recently.
The small trades could be options, SET corrections, ligitimate trades, codes or a combination