bosley
- 20 Feb 2004 09:34
dealerdear
- 11 Jul 2008 09:20
- 26594 of 27111
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!
greekman
- 11 Jul 2008 10:33
- 26595 of 27111
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.
halifax
- 11 Jul 2008 13:08
- 26596 of 27111
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.
oilwatch
- 11 Jul 2008 13:16
- 26597 of 27111
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
oblomov
- 11 Jul 2008 13:44
- 26598 of 27111
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?
kimoldfield
- 11 Jul 2008 14:57
- 26599 of 27111
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)
greekman
- 11 Jul 2008 15:59
- 26600 of 27111
Oilwatch,
Great idea. They might not take any notice but worth a try. Just signed it.
hewittalan6
- 11 Jul 2008 16:09
- 26601 of 27111
Did I miss something????????
The SP!!!!!
dealerdear
- 11 Jul 2008 16:13
- 26602 of 27111
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.
PATISEAR
- 11 Jul 2008 16:15
- 26603 of 27111
Some steady buying over last few days on Plusmarkets.
greekman
- 11 Jul 2008 16:15
- 26604 of 27111
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.
PATISEAR
- 11 Jul 2008 16:18
- 26605 of 27111
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
dealerdear
- 25 Jul 2008 12:32
- 26606 of 27111
Definate interest here today and some genuine movement in the sp.
Anybody know why?
Sharesure
- 25 Jul 2008 13:48
- 26608 of 27111
DD Maybe at long last they have signed up a quality customer????
dealerdear
- 25 Jul 2008 13:54
- 26609 of 27111
Cheers
Somebody knows something that is for sure.
Maybe just a technical rally.
Do they have those when sp is under 1p!!
greekman
- 25 Jul 2008 17:25
- 26611 of 27111
And up 25.49% on the day with as yet no justifiable reason. If there is such a reason then someones in the know, or it could be similar to the last 3 such rises, whereas the sp steadily drops over the coming days/weeks.
If course I'm not suggesting the possibility of someone chasing up the price in order to start the shorting merry go round again. Perish the thought.
Whatever is happening we (PI's) will be the last to know.
greekman
- 27 Jul 2008 18:52
- 26612 of 27111
Just a thought but is there any possible connection between Fridays increase and BT's future plans.
As there is as yet no known reason why SEO's price shot up on Friday, I put my brain into serious mode (something I rarely do know days) and my thoughts wandered into a possible link. Some might say my brain has wandered a bit too much of late but here goes.
About a week ago BT announced that their future intention was to take a lead in giving mass coverage of the next generation broadband by spending many millions of pounds on fiber optics. Such a project would require a massive undertaking on the part of BT and no doubt their suppliers of optic fibers. No doubt the competition (those big enough to challenge) will wish to follow as no doubt if BT reach a position that they can state their latest technology surpasses such competition packages the challenge of unfair monopoly would not apply, much like several years ago re land line phone connections.
Now Stanelco as we know have been suppliers of fiber optical furnaces for many years, this side of the business being sidelined until recently.
The following is from the interim results.......
'RF was the traditional base of the group and has been re-invigorated to seek and
service business opportunities in its loyal market; this change in approach is
capturing new business, encouraging existing customers to increase volumes and
re-activating former customers'.
As BT would have been researching production and supply time for no doubt several months before announcing their plans, could there be a deal lurking in the background of those in the know.
Does anyone know how high in the list of fiber optic furnace manufacturers Stanelco stands.
Probably a real long shot but as said, Just a thought.
bristlelad
- 28 Jul 2008 18:53
- 26613 of 27111
is this another rally should i buy more?ah no?oh i don0t know OH I THINK I BETTER GO BACK TO SLEEP /WAKEUP WHEN THEY ARE NEAR THE POUNDAGE/AH AH AHHELP WHERE MY PILLS????