Web Site : http://www.petrolatinaenergy.com


SUMMARY of PELE as of 24th Jan 2008, please see post 190 on page 10


Link to Page 10 of posts

Wow didn't expect this big drop?

Anyone know why this has fallen?

I thought the most recent news was reserves increase and Zoe found oil in 2 areas. Surely this would be positive.

I give up.

What's the point of investing when good news is treated like terrible news?

Just makes the whole thing a casino.

Oversold and ready to recover, there is no stock available online and the price has been punished for more good news from 65p to a current 52.5p mid.

Another one getting manipulated, the max online buy has been 1000 shares most of the day online, price should be higher but if you cannot get any size then most
wont bother to buy, mm's win again.

Hi ravey,

Online buy limit upto 3750 @ 55 so nipped in and bought a few.

I think we're entering the period again where good news could come out at any time.

I noticed the is falling today against all currencies including $ (just now 1.485$ to the ) and that this is predicted to continue. This is a bit annoying if you're going aboard, but it also makes stocks listed in that have the revenues/cash in $ (like this one) cheaper relative to NPV/NAV/Cashflow etc. so in theory we should rise.

Well very hard to get stock so that 50k at mid price will probably be a sell, thats
what you want, sells, if it's all buys they will manipulate and drop the price, all
sales and they will push it higher to attract new buyers.

Saw that, but the online prices and amounts are exactly the same - you would expect more available to buy and/or a lower price (and less / lower price to sell?). Also no movement at all on L2.

So I think its more likely a delayed buy of some sort (eg from last week) which together with possibly more such buys I assume must be behind the shortage of stock for ordinary purchases.

Then again it could just be a transfer of stock from one place to another. You can't tell these days as they don't put the codes anymore.

I agree it could be a cross trade.

I just give up at times checking the limits, if the mm's want to manipulate it they
will just like they dont constantly at RRR.

Lets wait and see what they do next

Must be about time for another move up?

Its shake-out time again..

Exactly and dont it work well as the punters say there you are mr marker maker
i will give you your profit, just make sure when we have all sold you push the price
back up to make sure we buy back higher :-))

Yep, spot on.

News out!

Yes but as usual you can only buy a few.

2 seperate brokers, same result!

Have to put in a fill/kill or 'to dealer' order in these situations - should be able to get 5k as 1 MM on the offer with 5k size.

Do you have Selftrade?

Yes I have selftrade .... unfortuately!

That's a good thing!

You can click on the 'Send order to Dealer' button that comes up when the automatic order is over the limits, and put in a price of 1% over the current offer price to buy 5,000 shares. Since the MM on the offer has a 5k size you are quite likely to get them (then you will also likely have the pleasure of moving the price).

Thanks for that. May try that next time.

I suppose we should be worried, selftrade has gone 2 weeks without any problems so they should completely break down tomorrow :-))

That false trade certainly made me jump up for a few seconds, adding 000 to that
3639 buy, once again if you trade strickly by L2 you will lose money by bailing too
early then watch the mm push it higher still.