All,

Is there anyone here that is a client of City Equities?

If so, have they rung you regarding a mining/resource stock last Friday, or today?

If so, can you remember which one please?

I would be grateful if you could post it here, as I hold an account but don't want to ring because they can be a bit pushy.

Im sure i can find out for you and post in the morning

pjacobs(MoneyAM),

that would be appreciated, many thanks!

Just say "No"... !

Kayak,

but as a holder of mainly mining and resource stocks, I'm genuinely interested in which one it is, and MAY buy if it's one I like.

Thye have a clever trick of asking you how much liquidity you have before they tell you about the stock!

andy not a client but way round that is to say you have no cash but if it is a stock you like you will sell some of your current holdings.

Wether you like them or not I managed to make more than 70% profit in a year.

woodie,

No that doesn't work!

They ask you how much you have available in Liquid assets, ie how much CASH you have, and if it's under three months salary, they won't tell you!

I know I could lie, but prefer not to do that.

I think they are learning, because I used the "I will sell something" ruse last time, and then didn't buy his recommendation.

I think they want to make it harder for you to say "no"!

These are boiler room tactics, IMHO, and have nothing to do with investing.

Andy,

sorry mate, they wont tell me.

have to hold my hands up and say i used to work there.

pj,

ok thanks for trying!

Interesting article re "boiler room" brokers!

http://business.timesonline.co.uk/article/0,,8214-1324788,00.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

latest Parker Rowe tip (at 5p last week!) doesn't appear to be going too well!


Pearl Street Or 3.62 -0.875 -19.44% 3.25 4.00

Yes a total pile of hyped up sh*te Andy.

Parker Rowe read these bb's (certainly ADVFN) cos they asked a mate if he was "Dil" .

Apparently this Dil chap had slagged them off on ADVFN :-)

Here's the link Andy.

PSH Thread

Dil,

Thanks, this "Dil" chap seems to be a real thorn in their side!

The Mail on Sunday wrote an article about Parker Rowe a couple of weeks ago, it seems they are not so impressed either!

The link is pasted below;

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

Pearl St. Holdings now doen to now 3p bid!

A 40% drop in two weeks?

Are these guys impoving?

A pertinent article for any potential CE clients, from the AFX today!
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UK small caps stay weak, near session lows midday; Myratech dives on stake news

LONDON (AFX) - Shares in UK smaller companies remained weak at midday, underperforming a firmer blue chip market with a sharp fall by 'shell' company Myratech a feature after stake sale moves by City Equities, dealers said.

At 12.18 pm, the FTSE Small Cap index was 6.1 points lower at 2,968.1, fractionally off the session low of 2,968.0, having only reached a peak of 2,974.5.


Shares in Myratech.net topped the smallcap casualty list at midday, shedding over 40 pct in value -- albeit with a 0.55 pence decline to 0.77 -- after news that City Equities had sold on its 17.63 pct holding in the 'shell' company.
Myratech said it had been informed today, that having purchased 50 mln shares in the 'shell' firm following a recent placing, City Equities has now sold the shares on to its private customers.
------------------------------------------------------------

A clear demonstration, if one was needed, of the effects of a City Equities bulk buy and sell on the value of a share.

And then of course there is the spread!

Parker Rowe received another mention in The Mail On Sunday yesterday.

Boiler room back in action

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=397988&in_page_id=19&in_author_id=5