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

L2 is much easier to understand when you are actually LOOKING at it. all the orders ( both buy and sell ) are listed as well as who is on the bid/offer. i strongly recommend peeps keep an eye open for L2 free access which is occasionally offered on this site.

i was dipping in and out of corus and making a hundred quid or so a trade, simply by buying if it dropped 2% or more, then selling when up a ton.

just about to have another punt when a free L2 trial appeared on the bb. had a quick look and spotted a huge wad of sells in the pipeline. saved me a bundle. shame my trading frequency doesnt justify a sub.

By gum! Insight! That dog has done it again: he's a very clever dog, putting his erstwhile masters and mistresses to shame.

Begin to see what level 2 offers; all the gobbledy gook didn't seem to amount to much. superrod, your use of level 2 is effectiely use it to determine when to sell or buy and at what price as you can see the oreders in the pipeline: is that right? Or can you join in the 'floor' electronically and match a bid or offer. 40 a month; in what sense that's not a lot if you can use the information to make even a few hundred on a number of trades.

Eric

EWRobson

i rarely watch my monitor for extended periods ( unfortunately ). i trade irregularly, sometimes once a day, sometimes once a month.
L2 can change VERY rapidly, so to get the best from it i find you need a trade set up with an online broker, ready to pounce. it may ONLY be 40, but that is most months 40 down the drain. i have asked MAM if its possible to subscribe on a per day/week basis ( the odd day off or maybe a weeks sick leave )when far more time could be used monitoring L2 but they say its not feasible.

i use TDW, and they offer the facility to bid or offer your own price, which i assume means joining one of the L2 queues. the drawback is that it may take some while before your order is filled ( if at all ).

L2 does not guarantee anything, it is merely a chance to be a shade ahead. just imagine if YOU were the only one with real time streaming and the rest of us relied on teletext.

in the meantime i am indebted to the generous peeps who will offer L2 info when requested.

all i really need to know to stop me from worrying too much is that there are far more on the bid than the offer.


btw i am not intending to clutter this thread with unrelated issues to SEO, i hold 52000 at 14.9p average and hope the good news continues

Thanks again, superrod. It is relevant to SEO trading as much as any share, aprticularly now it is generating far more institutional interest. I think a key point that you have brought out is that there is visibility of the number of shares waiting to be executed as well as price restrictions. The only real info you have with L1 is trades volumes to date and sometimes the actual sp movements are surprising: significant change on low volume or no change on high. Obviously need to give it a trial. I am not really a trader in the sense of being active every day but I am beginning to see the relevance to CFD trading in that you should be able to predict the movement of your open position much better - e.g. close a position before the price drops rather than after. Given that the movement per day in the total open position can be several K, 40 is not much in comparison.

Eric

Open a CFD account with IG markets , and get level 2 free.

morning. aldwick, now you tell me!

The other thing you can do with L2 is effectively become a market maker - you place your offer or bid where you want in the queue. By placing your offer (i.e. the counterparty's bid) a shade higher than the front of the queue you can determine that your order is next to be filled. Being a private punter with low overheads, you can undercut the professionals. Similarly, you can sell from the front of the queue by placing your order at a slightly lower price than the front of the seller's queue.

The basic advantage, as superrod says, is to see that there is a large line of stock on offer, just as you were thinking of buying in. The slightest shift in price acceptability will swallow several buy orders down to a level lower than you were contemplating buying. So wait till that is out of the way and the weight of the market is on the buy side, pushing the price the other way. Or carefully insert your buy order at the lowest price that will still be included in the sell order from the other side.

If I had Level 2 I would definitely do no work at all, thereby ending up getting fired and having to liquidate my portfolio to pay the bills. So in that sense it would defintely be bad for my health.

At least Level2 gives us something to talk about whils the market is so flat and no news from SEO.

SD

It's very quiet on here today, considering that SEO shares are at bargain prices - not for long though - ticking up again now...

with you on that one og
but people dont get too excited when sp is going downwards...ticking up now and chart loooks good for support at 20p.

I did think of topping up again at .2105p but my boots are well filled, the bit of money I have might be of better use paying of one of my c/cards.
Back to work tomorrow after being on jurory service all week, I must say it was very interesting better than work any way.

Driver. I hope you were in the jury, not the dock.

I don't know whether the source of silence is the depressing market or the wisdom of dogfucius! Just though I would say 'hello'; its a lovely evening down in deepest East Sussex. Just off for a dover sole, with, I am afraid to say, a good red (can't get a blue!). Can you just say 'woof' please, sd?

Had a good 24 hours with MOI: engaging study followed by acquisition of a decent position; lots of buying without any movement in price. Opportunity knocks - but don't sell SEO to do it, mind.

Eric

Woof - enjoy the sole, man. Oh, sorry not that sort! But red with fish would make TFC turn in his Graves - how about a nice Chilean viognier - Cono Sur, catchy sort of name. They make a good Pinot too - all for 3.49 a bottle from Waitrose which is a lot less than I've paid for a bottle of wine for many years now - but it's very good stuff.

I'm off for a Thai, with pints and pints of sauvignon, celebrating my indisgression with MOI today.

a demain tout le monde

actions chien

Last 4-5days belonged to the buy on rumour/sell on news brigade. Would have been an ideal time to sell at 23p and buy back at 20p as unlikely to have been an RNS early this week after the AGM. Now we wait for the next good news but no need to panic, whoever bought 1m earlier today isn't.

I havn't seen it mentioned on here but has anyone else seen the rumour of an Asda/Walmart bid for Somerfield?

tikka jalfrezi and shiraz...EWR
not close enough to the coast for (decent)fish!

I hope it was noir and not grigio, sd. Good with Thai, good with Dover Sole, good with anything. Red was a good Chilean but never saw the bottle. Can't stand the political correctness thing, with apologies to TFC. If you like it, quaff it. Jalfrezi, splendid; anything with Shiraz is great. My principle is choose the wine first and then the food to minimise the interference with your enjoyment.

as: that's been in the Times or Sunday Times. Not that SEO really need it. Agree your pricing thoughts but isn't it primarily the market as one looked down the losses, pretty well across the board. 20p should be a support level, says he hopefully. Always wise after the event when the logic becomes clear. Moi est content avec MOI; quelle direz vous?

Eric

Andy - I think Eric was saying yes to your question ew ASDA/WalMaRT.
There was also some mention that some senior directors had been seen meeting with ASDA and there was rumour in the press over the weekend. All good news

Baza

i think tfc mentioned something like that last week but i think he said asda were after morrisons! not really sure and i cant be arsed going back to look. anyway, it's a bit all quiet on the seo front at the moment. borson brigade have buggered off waiting for the next round of rumours. price is doing the usual letting itself be walked down and it all feels a bit flat. come on , fellas!! we are hoping for support at 20p!!!! not 4p like last year. cheer up:)
eric, what's linden hall like in morpeth?

I briefly heard it on Working Lunch yesterday that Asda/Walmart is going for Somerfield. Did not finish with the report as I was in a rush to get out to the recruitment agency yesterday.