Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

That would be the High Court :-)

Glad that you are still alive Hilary. Thought that you had drowned or crashed into a tree on some ski slope! Are you sticking to forex these days?

Manure... An interesting fact

Manure: In the 16th and 17th centuries, everything had to be transported by ship and it was also before the invention of commercial fertilizers, so large shipments of manure were quite common.

It was shipped dry, because in dry form it weighed a lot less than when wet, but once water (at sea) hit it, not only did it become heavier, but the process of fermentation began again, of which a by product is methane gas of course. As the stuff was stored below decks in bundles you can see what could (and did) happen.

Methane began to build up below decks and the first time someone came below at night with a lantern, BOOOOM!

Several ships were destroyed in this manner before it was determined just what was happening.

After that, the bundles of manure were always stamped with the instruction 'Stow high in transit' on them, which meant for the sailors to stow it high enough off the lower decks so that any water that came into the hold would not touch this volatile cargo and start the production of methane.

Thus evolved the term 'S.H.I.T', (Stow High In Transit) which has come down through the centuries and is in use to this very day.

You probably did not know the true history of this word. You probably thought it was another name for The Guardian!

HO Ho HO!

Although not according to Snopes... http://www.snopes.com/language/acronyms/shit.asp

General election confirmed May 6th

My anti virus has had a few 'issues' with Snopes, although that could be an anti virus problem. I was intending to post it on 1st April, but was too busy having fun telling the wife that Unite had gone bust and the oldest youngter would have nowhere to stay at university after Easter sp I fprgot.

It has gone quiet.

Everybody must be canvassing for the tories.

They need all the help they can get!!!!

8-)

I shall be coming back to Britain at the beginning of May and registering my vote ,i dont expect Cameron to be another Thatcher ,but can he really ruin Britain the way Blair and Brown have ?? I hate Labour so much it hurts ,,in fact i hate all politicians so much it hurts . .

Interesting, Cameron offering 150 for couples to get married.

Told to-day that it costs more than that to get a divorce.

I knew he was a con artist.

STOCK EXCHANGE NOTICE
NOTIFICATION ORDER BOOK CONDUCT
Introduction and background

The purpose of this Notice is to provide clarification and further guidance with respect to the Rules of the London Stock Exchange (the rules) regarding misleading acts, conduct and prohibited practices (Rule 1400). In particular, this Notice relates to the creation of a false or a misleading market in a security and the requirement on member firms not to act or engage in any course of conduct which is likely to damage the fairness or integrity of the Exchanges markets.

These changes have been prompted in part by recent concerns regarding certain behaviour on the order book, whereby a DMA client of a member firm was engaged in conduct that potentially put the member firm in breach of the Exchanges rules.
Specifically, the DMA client was involved in:

layering of the order book, in which multiple orders were submitted at different prices on one side of the order book; or

large orders were entered at a price away from the touch and then rapidly removed from one side of the book; and

the clients true intention was to trade in the opposite direction from the orders it had input.

These actions may have created an impression of liquidity that could have misled the market.

The Exchange has decided to publish additional guidance to assist member firms in understanding what behaviour is acceptable on the Exchanges markets. In particular, the Exchange wishes to clarify the responsibility of member firms for misleading or potentially misleading acts on the part of their DMA clients.

The guidance to paragraph 1400 makes clear that all orders entered to the order book are firm. Notwithstanding that legitimate reasons may arise for deletion and/or resubmission of orders, member firms should not submit orders to the order book that they do not intend to execute. This applies whether the order arises from the member firms own activity or that of a customer. The Exchange reminds member firms that the efficient functioning of the markets and the best interests of participants are undermined if orders placed on the order book do not reflect genuine trading interest. Such behaviour could create a false and misleading impression of the market.

To support this, the guidance to paragraph 1400 under Order book conduct has been amended. These amendments reiterate that member firms are responsible for the orders submitted in their name to TradElectTM. In part, the amendments mirror the guidance to paragraph 2100 on order entry, ensuring greater consistency throughout the rules. However, member firms should note that the existing guidance to paragraph 1400 of the Rules has been retained recognising that, where a member firm is genuinely unaware of the motives behind a customer order that has been entered to exploit the commitment to deal of a Retail Service Provider, the member firm would not be in breach of the rules per se.

Attachment 1 to this Notice highlights the changes that are being made to the guidance to Rule 1400. Such changes are effective immediately

Any comments or queries on this Notice should be addressed to Tim Rowe, Trading Services, telephone +44 (0)20 7797 3468 (STX 33468) or email: trowe@londonstockexchange.com.

Unfortunately Tim is nice but dim?in any casethe Markets are as straight as Dale Winton. we never see manipulation?

tabby: do you want me to take that as your final answer? ;-)

No MightyIll ask the audience.

"....where a member firm is genuinely unaware of the motives behind a customer order that has been entered to exploit the commitment to deal of a Retail Service Provider, the member firm would not be in breach of the rules per se."

So not much change there then.

Tabasco,

Very interesting. Don't know if you read that in The Daily Telegraph, but their article also stated that as the FSA is starting to get tough, it is likely to have some effect on corrupt market practises, although if you look at the following,
The FSA's own "market cleanliness" statistics suggest that between 25% and 30% of investor deals are preceded by suspicious movements in share prices that could be the result of insider dealing, they have their work cut out.
Still they are finally waking up.
I just hope successful prosecutions, with appropriate sentences follow.

Daily Telegraph.

I get my chips in that paper, but they taste better in Express.

Warning though don't use the Daily Mail.


8-)

.

NM,

Sadly I have only had chips about three times in the last 2-3 years and fish and chips once in 10years.

My wife likes my Sylph like body and has my wallet.

But I have my memories.

The wife makes home made fish and chipsnot forgetting to three times cook the chipsand twice cook the fish in a beer batterthen we wrap them in the New Statesman and Horse & Hound.sit on the patioand sing Chas & Dave songs.

.