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

Are we still ranting ,,steve are you in on sey i cant remember if you are or not .

No we've all calmed down now. Business as usual.

MS

DD

read my posts - yes i am holding long term

good luck for tonight

Cheers,2 many posts ,,so little time,,,,do you need a monitor 17",,back after the match,,,,,,,,,,,,,,,,,





come on the reds ,,away win.

It is again clear today that many seels are not!

People are buying at 16. soemthing and reporting doing it but they are showing sells.

As this is day 4 of this, whi is responsible for the recording of these as they are guilty of disinforming us?

Many seels are in fact walruses.

They completely different to look at and are also differeent in the extreme in weight.

Walruses havfe much longer tusks , for instance.

Seels have short stumpy teeth which are used to bite into there food.

Seels are related to dogs as are dog fish.

Oooo.........'eck, time to go.

Bye all!

That drop down dead gorgeous Andy Reilly has posted this to another player on a secret site somewhere in the ether!

Always worth a read that guy.

Starts

I am surprised that you seem so uncertain about SEY at present. I agreed with your comment, a couple of weeks ago, that the SP usually slips back to placing price. It has, and given the size of SEYs placing, not surprising, so I am a little confused by your uncertainty now.
Anyway, I cant see that what is going on is anything more than the usual process of consolidation, before we start to tick up again. See my previous coment this afternoon. I cant say more than that.
All the Best - Andy R

Ends

D'yer know, it's just like he's in the same room!

Well he's not so there.

By the way it's me Missus who thinks he is drop dead gorgeous, not me.

For those who do not want to read all of this it says the avarage price for crude oil in 2005 is expected to be $41 a barrel right at the bottom.

Who is selling now?

Hands up!


CERA sees Q4 global oil supplies exceeding demand

DALLAS (AFX) -- Cambridge Energy Research Associates said Tuesday it sees
crude-oil prices falling further because the world's oil supply is expected to
exceed demand in the fourth quarter.
The outlook came as January crude futures pressed at one point toward $50 a
barrel on the New York Mercantile Exchange due to supply concerns, before the
contract turned lower. .
CERA, a Cambridge, Mass.-based advisory and consulting firm specializing in
energy issues, noted that West Texas Intermediate crude has declined to $45 to
$48 a barrel in mid-November from a record intraday high of $55.50 set on Oct.
22.
CERA said it expects global oil supplies to run ahead of demand by about 400,000
barrels per day during the fourth quarter -- what it called "an unusual
situation for this time of year when stocks typically decline.
"This raises the possibility that oil prices could continue to fall through the
end of the year if the global supply chain avoids a significant dislocation,"
the firm said in its report.
CERA stressed that an atypically cold winter and potential disruptions in
exports from Iraq, Nigeria, and Russia could lift prices past $50 a barrel.
Saying it expects events to support price strength, CERA estimated that West
Texas Intermediate would average $47 a barrel in December.
Other factors cited by CERA include the state of U.S. crude inventories, as well
as distillate supplies after having declined for the last nine weeks.
In addition, the role of speculators in the New York Mercantile Exchange crude
futures market, prospects for a slowdown in world oil demand, and the
Organization of Petroleum Exporting Countries' concern about the disparity in
prices between light sweet and heavy sour crude must all be taken into
consideration, CERA said.
"Output could start to slip in coming weeks because producers find it
increasingly difficult to sell their heavy, sour crude oil output despite very
high discounts to light, sweet price benchmarks," CERA wrote. "The wide
differential between light and heavy crudes weighs on the OPEC basket, which
fell to $35.94 on Nov. 16."
That price represents a $10 spread compared to West Texas Intermediate crude.
"CERA expects light-heavy crude oil differentials to remain wider than
historical averages in 2005," the firm said.
CERA also estimates that West Texas Intermediate would average $41 a barrel in
2005.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.

This is exactly what I predicted last night as follows:

MMs will, imo, on relatively little selling (commissioned by companies that take on CFDs and Spreadbets), drop the bid until margin calls close out big long positions on CFDs and Spreadbets, so that (a) all parties still make a profit from the punter and (b) the CFD and Spreadbet companies avoid big future payouts that they had not hedged because they were not expecting the news

Most of those subscribing to the placing will not have done so for a few pennies profit - so the idea that there is a massive overhang at this price level is, imo, mistaken - it is more likely, since over half the applications for the placing could not be met, that those who were disappointed would commission MMs to drop the bid on the basis of they would buy whatever can be shaken out - so far the sheeple are obliging them

I would lay you a to a penny that today's sells are margin calls on long positions, some of which are quite chunky because margined bets are the only way most punters can work in those quantities - all of the trade sizes are too small to be institutions cashing up - when will punters ever listen?

Hi Hils, funny how we keep bumping into each other . . . ;-)

eurofox - thank you.

May I suggest to everyone that one peice that needs reading is that above from eurofox.

Derek,

I believe that last time we met, I was with my minder.

:o)

Cumulative volume over 9 million already.

Wow.

Hilary.

How is Dennis Waterman?

Morning all.

Morning team. Liked eurofox's comments (post 2063). Re-iterates what SWW and others has been saying all the time. Wonder what that big 9.4m trade was at 7:42 this morning. Hangover fron last night?

morning. no great ideas about that block this morning. maybe a punter looking for a penny or two and becoming impatient.

Hilary - thx for the comments today. just to clarify, i was making a basic point with regards to implied rights pricing ignoring any nav implications. it is a simple calculation but as we have seen in the recent Prudential example, rights issues and pricing can knock a price more than the implied "ex" price would indicate. In SEY's case this is a placement so it doesn't apply anyway!

up a quarter.

Ian (MoneyAm)

I am getting a pop up advert from Reuters when I navigate around the site. Is this your end or mine. It's getting annoying.

MS

Morning all, just!