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

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.

L2 is 5 v 1?

Best to use online limits as the real guide here in Pele, the mm's have been short
of stock for weeks and just feed on the weak who are took out in the shakes, today they could not hold it back, L2 is herdy in this stock so a guide upto a certain extent.

What's your interpretation of the current online limits ravey?

Can buy 50k , sell 1.5k.

I reckon its a bluff.

Sell limit creeping up - now 7.5k. Not getting the shares they want?

Sorry Martin, watching other stuff today and missed your post !

Online limits swing and roundabouts, there was a big seller when it dropped to
49p offer so now and again they do get some real size from somewhere, maybe
somebody under 1-2% getting out feeding the mm's, always popular stock so
size will be took up from faithful punters.

I never saw a big seller to explain that drop from 60+ to 49. How big was it?

This shareprice is being totally manipulated.

To be honest i never saw the worked sale as well when it was 49p offer but it
took some 400k of buys to shift the price from that level, the mm's dont give
away free money so they must have had stock in the opposite direction.

True this stock gets manipulated, but then look at Red Rock for real manipulation,
basically the shorter the market makers are the more they will try and manipulate
the price and stop it rising, not the way it should be, however mm's with loads of
stocks use any buy to try and push the shareprice, infact it's probably easier to
make money buying into a overhang than a share with a squeeze thesedays.

Thanks ravey. I would now agree with you there regarding the best time to buy.

I am now even more convinced that the online limits are being used as a bluff here. After the 18k buy this morning the sell limit has been raised to 10k @ 54.4p, but the buy limit has also been raised to 55k (from 50k). Why do this? Well it now looks like there's even more stock available - when you type in say 51k in a dummy buy you get accepted, therefore its natural to go away thinking maybe there's 75k or 100k available now? They are trying hard to give the impression there's lots of stock available. This just puts off buyers rather than attracting them.

Notice how the lower it goes, the more sells there are.

Nice news :)

No?

Obviously I was wrong. It was bad news after all.

Not bad news but like most stocks there's a seller, did you see they managed
to get 75k out last night when all the news chasers piled in yesterday morning.

When there's no stock Pele is a hot stock and will rise 5-10p in a day but for now
there is a overhang, sort of got used to them in all my stocks, wait for a real spike
then offload some and then buyback cheaper before the herd get bored and sell.