for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

borrowing cost can,t go up more then it has all it would do is stop them from useing yr shares.at the end of the day PI will be doing wt they are. In simple terms the way they can easily short a setts share is to place shares for sale /Buy on the bid, say 5p or 10p below the current bid. The setts programme will try and match this trade and thus lower the bid/or up towards this level. As soon as it gets close they will either take the trade or pull it out and again place them a few pennies lower/up again thus keep on bringing the bid price down./up

There may be light at the end of the tunnel:

http://www.guardian.co.uk/technology/2008/jul/10/research.waste

The USA regions could now lead the way for use of bio-plastics.

greekman...

cross posted from the OMH board. We are aim/sets aren't we?
===========================================================

This is from an article by Dominic Frisby in Money Morning.
It strikes me that this applies equally to Dragon Oil.
Good Trading
Beetz

How AIM market makers kill their own market

In Mondays Money Morning I had a go at AIM, in particular at AIMs market makers. I was very surprised the amount of emails I got all saying, Good for you, Somebody has to tell these people and the like. A lot of people are clearly deeply frustrated by this market.

We have two examples this week of how the practices of AIMs market makers kill AIM dead.

Last week I tipped Leyshon (AIM:LRL), a late-stage gold development play in China. Some huge buying came into the stock, the likes of which had not been seen since 2006.

As the volume arrived, the first thing the market makers did was to open up a much-larger-than-usual spread between the buy and sell prices. This was presumably to cover their shortfall in shares. But huge spreads discourage trading! Market makers are supposed to stimulate trading. On the rare occasions where volume does appear, they are acting to put a lid on the buying. Its madness. The market makers were looking after their own interests, rather than the interests of the company who want to see their company traded. Why not let the market rise to a level where more sellers come in?

Last Wednesday, we had well over two million shares bought with only about a two hundred thousand sold. The following days trading seemed to leave the market makers another quarter of a million shares short.

I was sent an email about this action. It read, Its possible that Leyshons market makers had two million shares on their books, but its extremely unlikely. Leyshon does not normally trade that level of volume. If they did have those shares on their books, you have to ask what were they doing with so many? If they didn't have those shares on their books, you have to ask: where have the shares come from? An institution might have had them to sell, but would they have suddenly made a decision like that? Unlikely. Institutions dont usually act that quickly.

The suggestion here is of naked shorting, the illegal practice of selling a stock which you don't own. That's a very serious allegation. Its possible. Its happened before. But a market maker would lose his licence if discovered. Would a market maker take that risk when he already gets his shares at a whopping discount to market? Hed be a fool if he did, but greed does strange things to people. A more innocent possibility is that some of the trades were matched orders or rollovers. But we will never know, because the market is not transparent.

I must say I was prompted to take this matter up with the LSE and see what they had to say. I was told it was nothing to do with them. It was a matter for the FSA. I was repeatedly told, We dont usually talk to small investors. I persisted, they remained perfectly friendly and suggested I should report the matter to the Market Abuse department. The chap then said confidentially that all that would happen if I reported it to Market Abuse is that it would get passed on to the FSA. Great.

The questions the LSE should think about

On Tuesday we had another example. Kryso Resources (AIM:KYS), who have some excellent gold and nickel properties in Tajikistan, announced some superb drill results. As youd hope and expect, some buying pressure came into the stock which Kryso desperately needed as the company has rather sold off recently.

The first thing that happened was the market makers stifled the buying. They opened up a huge spread and then placed limits for online traders: a maximum of 7,500 to buy yet 37,500 to sell. Why not let the price rise until you attract sellers instead of keeping a lid on the price and stopping buying?

To the LSE I say once again. Why use a system that gives rise to such market abuse, even if its only the suspicion of abuse? Why employ a system that makes trading so difficult in what is already a horrible market? Why use market makers at all when they kill liquidity rather than encourage it, as is supposed to be their prerogative? Why not use a system that is simple and transparent?

But I wont get a reply. No doubt this a matter for the FSA.

By the way, Leyshon remains a long-term buy below 25p. But dont pay those market maker spreads. Dont offer any more than the mid-price!

Micky,
That is a most interesting post.

Great article. Thanks Micky.

Only goes to show the total abuse within the Aim and small caps atm.
My own take is the MM's do not want any of these cy shares on their books at all so they sell to us at a high price then keep the bid low so you can't sell it back ie they want us to lose money. There is also a determination to slaughter the price of the shares ie it won't rise on good news but will drop like a stone on bad.

When you look at the market every day and study the prices of many companies it is also blatantly obvious that some of these Aim companies are trading at ridiculous prices and you can see that they want to go up but the MM's won't let them because people will start to make profit and sell the shares back which they don't want.

If the MM's could get all these company prices down to below 20p they would be delighted. Effectively in nearly all these companies the market is frozen which is why it is best, if you have to trade to deal with the some of the large caps only.

Of course it will all change in the next bull market when the total reverse will happen. Only thing we can do is wait and be patient!

Hi Micky,

Yes as already said, interesting post, although SEO are on the main market, what was said, still applies.
The only line I have some doubt in is....'But a market maker would lose his license if discovered', well would he/she. I have very little faith in the ability and powers of the LSE/FSA (they have them but appear too frightened to use them).
'But we will never know, because the market is not transparent'. DEAD RIGHT.

The next line possibly proves the point.....'I must say I was prompted to take this matter up with the LSE and see what they had to say. I was told it was nothing to do with them. It was a matter for the FSA'. See NOTE at end.

I seem to remember reading in a national newspaper a few month ago that the LSE and the FSA were going to get tougher on market abuse. It was mentioned that most punters thought that neither had any bite. Well they still appear to have about as much bite as a rottweiler with no teeth. Very frightening from a distance but when you get closer you realise all they can give you is a nasty suck.
Pathetic the lot of them. Now the USA have the right idea. Obviously market abuse is difficult to prove but if the fear of punishment is there that is often all that is required.

Note. As several punters of SEO shares will recall I had contact with both the LSE and the FSA over certain news released, AGM updates etc. I was passed from one to the other and back again, pushing responsibility around, neither wanted to know. After several weeks it appeared that the FSA was responsible for dealing with my complaint. On conclusion I was informed that if SEO received a public warning/admonishment that involved some direct monetary (or otherwise) punishment I would be informed. If the action was a warning only I would not be informed. So I still don't know if any action was taken or not. I was not even informed if the inquiry was concluded. And this was after many hours of input with the assistance of several other posters.
So much for transparency.

Excuse me if I appear naive ,but surely the quoted company has some say in which market makers deal in their shares and therefore if that company suspects their sp is being manipulated then they should take the matter up with LSE/FSA? Shareholders should consult the Company Secretary for their views.

If you agree, cut and paste this to your favourite threads and don't forget to sign.


http://petitions.pm.gov.uk/shortsellsecy/

We the undersigned petition the Prime Minister to MAKE IT ILLEGAL TO SHORT SELL STOCK EXCHANGE SECURITIES

No, I haven't bought back into SEO! - quite relieved to be out and my proceeds more likely to grow with Rift Oil.

Reason for the post is that before I was cured and sent back out into the world, straight-jacket removed and tag-free (though I still occasionly wake in the middle of the night screaming '35 by Christmas!') I signed a petition on the 10 Downing Street site - "We the undersigned petition the Prime Minister to Force supermarkets to use Bio-Plastics for their plastic bags."

Just received an email with a link showing the government's response - link below - thought it may be of interest.

http://www.number10.gov.uk/output/Page15940.asp

Good luck as ever to SEO holders - 35p by Christmas?

Hey Oblo! What's sanity like? My fellow inmates tell me it's not to be recommended due to a tendency to see the world as it really is, is this true??!!

Thanks for posting the link, I received same but hadn't time to read it until now. Gordon & Co are not too keen on the idea at the moment are they?! I can see the point about environmental damage though.

No worries, SEO will sort it out. (Goes back in padded room laughing manically)

Oilwatch,

Great idea. They might not take any notice but worth a try. Just signed it.

Did I miss something????????
The SP!!!!!

market makers just trying to kid you something is going on so they can get even more of your money b4 the weekend.

personally I'd prefer to spend it on a pint.

Some steady buying over last few days on Plusmarkets.

Anyone any idea why SEO are up 17.78%, especially when the market as a whole is having such a c**p day, or is it the usual up for no reason today, back down on Monday.
Don't think it can be shorters closing positions as the sp has not fluctuated much of late. Or am I also missing something.

Post from other thread.

Sphere supply Tesco {UK} with two Biodegradable products.

Reply from Sphere;

Dear Sir,


Yes we supply Tesco with 2 products, a caddy sack and a refuse sack, both biodegradable and compostable.
You can also find our products, under the Alfapac label, at Wilkinsons.


Best regards,
Francis Lustman
Managing Director
Sphere Consumer Products

Definate interest here today and some genuine movement in the sp.
Anybody know why?

dealerdear
No

DD Maybe at long last they have signed up a quality customer????

Cheers

Somebody knows something that is for sure.
Maybe just a technical rally.
Do they have those when sp is under 1p!!