have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

yes. It is VTB

It is from www.kamera.com (part of VTB)

Get your buying hats on tomorrow for VTB - ready to go - watch the buying volume.

I hope you're right Barmyman.. can't see it this going up for a while yet.. what's the reason for the optimism ?

JohnNew2001 - 17 Jun'04 - 02:29 - 16744 of 16744


There are 2 scenario's here :

A/ MM's are long and are sitting on millions of shares.

B/ MM's are short.

A is very unlikely as I have been watching and reading and observing, if they were long on stock they would have been happy to drop to offer price way earlier to off load their millions. They would not have been dropping only the bid price and also we would not have seen their people on here deramping. They would have sent rampers to all the BB's on many different sites.

B now is highly likely owing to to the change of tune of the previous derampers (not all of them, they have to keep some in deramp mode to make the BB look viable), that large volumes cannot be purchased at these prices (nobody can buy 1M or above shares) and there has been no real sells even with the price going down.

The MM's will now try to change tactic - they will manage an increase in the price until they get to a level where they get the necessary sells - standard system - people are down, some have been averaging down and you only have to raise it just enough before some bail out. They will fail if people do not sell and also more buy in to VTB.

Why hold ?

The fundamentals are fine, there is still nearly 3M in the bank cash that can be used to purchase more business to further boost the bottom line, trading for Q1 was a record and H1 should also be the same.

Therefore VTB is a buy. Provided we do not get the people who have averaged down bailing out the shareholders can now take the MM's by the balls and manage the price up. The MM's have a limited window of opportunity to correct their short, they now know they cannot achieve by going down - they have to manage the up but could easily screw that up. This is why the new comments of a small rise (but hey - its still not a good stock) - these comments are designed to get people to believe the small rise is short term, better to take profits or come out even and sell to the MM's.

Enjoy the rise - buy more - do not sell - and wait for the trading update on the 1st Half Year - it should be a record too - provided you accumulate and wait you will get maximum returns.

If people do not like the way MM's are screwing small caps in this bear market, VTB does now offer an opportunity to screw them IMHO.

There is another possibility which is even more likely. The MMs may just have a neutral position on the stock. The MMs may not be doing anything strange at all. I have seen no evidence of it.

look at the last weeks trades on advfn, they have sold a 3million and got none back, how can that be neutral

There are long term trades that don't appear on trade reports for a several weeks. There are trades that do not appear at all plus you have to look at what was happening in the weeks before. One week in isolation is nothing.

There are suggesttions on ADVFN that the MMs are short by 3M shares. That only comes to less than 100,000. This is not a huge sum for MMs to carry long or short for a period. They may be accumulating stock for a client anyway.

These conspiracy theories are invented by people who do not like the price going down and nothing more.

RNS Number:0643A
Virtue Broadcasting PLC
23 June 2004


Immediate release 23 June 2004


Virtue Broadcasting plc

("Group")

RESULT OF ANNUAL GENERAL MEETING


At the Annual General meeting of the Group held today all resolutions were duly
passed.


-Ends-




For more information contact:

James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000
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AGMQKNKNNBKDPAB


How exciting !!


Haystack,

Excellent posts.

gone to 16% up.... I saw 3 Market Makets transactions for 3.25.... any news coming ????

xmortal

Something significant must be happening, I'm searching for info but nothing found so far.

BTW I think you meant 3.75

That's what I saw.

Now UP 25%

Something stirs in the jungle - what's going on?

beaufort1

You tell me, I'm mystified!
& pleased!

25% now....WHATS GOING ON

PRICE TODAY TOUCHED FOR THE FIRST TIME IN MONTHS THE 60MA

short lived...back to 16%... a sale of 200000shares went tru

I suspect that they don't know why it went up & decided to take profits or regain money if they bought in higher.

I'm optimistic, I think we shall hear the good news soon & I'm in this for the long term.

It MUST be very good to prompt a 25% rise even if it has (temporarily) fallen back to 16% UP.

Apple,
What will the "good news" be ?

only up 0.12 now....have i missed something....have just come in from work

Well surprise surprise.. it's gone back down again !. what was all the fuss about ?