anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Backhanded sycophancy and low levels of testosterone do not excuse the miserably quasi-bullying attitude of certain posters of this BB thread. Truth and facts are very difficult concepts to define but downright rudeness and ungentlemanly conduct is patent for all to see. Opinions, whether in concert with your own, however ill informed are all grist to the mill - censorship and aggression with a faint, over-weaning and patronising attitude is only likely to lead to hardened entrenched attitudes and the closing of ears (and minds). Try to remember people are more, MUCH MORE, important than money or being correct. Try to be more understanding and accepting of others views - not all of us have the luxury of knowing a priori.

Nuff said. Lecture over.I used to be a expert. Now I am just pert. Lighten up!

Nam

What was all that about, by the way the price is down.

See previous posts aldwickk re Hilary etc. Mean-spiritedness is alive and well and existing on this thread. So much for good manners!

PS apologies to Hilary. I sometimes wonder why I bother too. Lead a horse to water etc etc.

namreh3

comments appreciated. we have a very open thread here with a diversity of views, subjects and opinions. what has to be stressed here is that everybody is entitled to a view and everybody has the ear of all posters at all times. what is NOT acceptable is spoilers who exist only to spread negativity for negativities sake.

I hold virtually every poster on this thread in the highest of esteem and through disagreements, banter and news have enjoyed participating frequently.

I too have an investment banking background and abhor those who stare down their noses at less experienced posters. I am happy to chat about the basics with anyone at anytime. the poster we are talking about should know better and has persistantly tried to rock the boat on a thread that many enjoy participating on.

ok, i have that off my chest and have now lightened up!

Rgds
proptrade

Can somebody please explain to my why the price keeps going down if this deal is so good?

the new stock is now in the accounts and there may be a few flippers of their 17p stock out there. the overhang of the placement is now out the way and all it will take is a touch of positive news to take these through 20p.

be patient is the best advise i could give.

Thanks. What do you mean by the overhang of the placement is now out the way?

i just mean that from when the placement was announced until the stock itself was successfully placed (about 3 weeks) the stock had substantial news "overhanging" the price...ie major news keeping pressure on the stock.

the term overhang is more usually applied when there is a huge seller of a stock and the market is aware of it and the stock remains under pressure whilst that stock is being sold. you often hear an explanation of a stock rising "because the overhang has been cleared."

Rgds

Re post 1988, Hear what you say Prop.

cheers sir.

Correct me if I'm wrong, but I thought that the price moved according to the balance of buyers and sellers of the stock. I also thought that the news was merely a catalyst which served to attract buyers and sellers.

If the placing was twice oversubscribed, then surely demand is high. I still don't understand why the price keeps falling.

namreh3 if you wish to email me, I will be pleased to answer you.

I stand that, my comments were justified and were all called for.

Nothing more will be posted on this board by me concerning this subject.

Thanks

Wow that all got a bit lively. Guy's lets not turn this thread into that awful slanging match on ADVFN BPRG v SEO. I've really enjoyed all postings on this thread with some expert views being given as well as some fun when things go quiet. I feel as if I know some of you so let's keep things the way they are, nice and friendly but POSITIVE.

LOL

MS

peck, i tend to agree with you if it wss so oversubscribed why isnt everyone piling in!! If its such a good prospect 1p will not stop them buying. I also cant believe that it is those that obtained shares at 17p selling at a profit of 17.6p!!!! profit would not be worth getting out of bed for! Not impatient ...yet ,but it has not started in the manner i thought it would . You would expect a little uncertainty where there is any rerating / valuation happenning but the news was so positive you would ahve thought it would have opened at a small premium. still early days

Thanks to "My Mates" on ADVFN for the below.

Short sellers were on the prowl yesterday and dealers reported they were busy attacking two stocks in particular. The car dealer Pendragon was the worst affected, falling 8p to 267p, with those shorting the stock taking the view that all is not rosy at the group and that it is struggling amid tough trading conditions. Suggestions that business is not booming for car dealers was no surprise to those who follow the sector closely. They noted that back in September, HR Owen, a Pendragon rival, was forced to issue a profit warning.

It was less clear why shorters were targeting Sterling Energy, down 0.25p to 17.75p. The oil explorer has had a great run over the past year on hopes that its assets in Mauritania will eventually prove to be very profitable.
http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=585739

The game is up you lot, now bu**er off.

You need to see a shrink, old girl. This is stuffed now they've shot themselves in the foot by issuing all that new stock.

Target 10p.

:o)

Hils

Youve missed a zero off your price target :-)