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

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.

Yes, and also a 50k buy reported @ 16:32 (I think they reported it this morning).
I'm not convinced the 75k was a sell either - it could just as easily have been a buy order put in pre-open that caused the 2p mark-up at open.

If it was a sell, 75k does not explain this same pattern going on for 2 months.

More ambiguous trades. If these trades are sells, why are they ABOVE the buy price?

Simple, because they were worked before the price dropped, in the morning
there was 40k of buys, enough easily to work a 30k sale at 1p+ margin per share.
Difficult to be accurate because there's 2 x 30k worked sales, maybe one is a buy
and the other a sale but still an overhang as you can buy at or under the mid price.

Ok, but my fundamental point was - if you can buy shedloads at 53.85p, any overhang sells causing this must surely be below that price otherwise the MM's are losing money?

Well we had a 50k buy today @ 54.0p (changed the online offer from 53.85 to 54.5 and increase the sell limit from 1k to 15k), but you could still buy 50k at 54.5.
So maybe there is still some of this overhang/worked sell to go, but maybe its starting to run out. Looking forward to the day when it does.

No stock today martin and difference is it's 45p to buy not 55p so this could be
a real good run, i hope but just trading it as normal.

Yes limits are 25k sell / 1k buy - not seen them that way around for a while.

Good star, hope it continues.

More bad news for PELE.
2517