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ORTAC RESOUCES (OTC)     

aldwickk - 06 Nov 2010 14:22

http://www.ortacresources.com/

Chart.aspx?Provider=EODIntra&Code=OTC&Si
The Companys strategy is to utilise Ortacs highly experienced board and management team, together with its solid foothold in the Central European region, to consolidate additional exploration and development opportunities in the precious metal sector.
Having already acquired the necessary capital, the Company plans to update the resource, complete a scoping study and preliminary environmental and social impact assessments, and bring into production its initial asset, the Kremnica Gold Project in Slovakia.
The Company has identified several regional consolidation opportunities at various stages of development which are currently being evaluated to significantly increase Ortacs resource inventory and maximise shareholder value. Third party companies with advanced staged projects in the region which can be fast-tracked to achieve near term production are also being actively sought and evaluated.

beebusy - 07 Feb 2011 08:50 - 95 of 444

it would appear that the market does not agree?

gibby - 07 Feb 2011 17:14 - 96 of 444

i am not that surprised - can often take a day or two for this type of news to bed in - great to have the iis on board and over subscribed i noticed a bit of a peak this afternoon until the profit taking again - onwards and upwards

driver - 07 Feb 2011 17:20 - 97 of 444

gibby

Is it just 8m or additional to, i.e. 24m

gibby - 07 Feb 2011 21:48 - 98 of 444

driver - we really need an rns to clear this up - otc had a leak imo now with the latest rns playing rns catch up - see rns below - additionally market cap pre ii funding below was give or take 30M - city chatter is the new ii money will be 15M but otc state below 8M - next rns should clear this up nicely - very interesting times ahead...

Monday 07 February, 2011Ortac Resources Ltd
Seeking to Raise Approximatel
RNS Number : 8158A
Ortac Resources Limited
07 February 2011



Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

7 February 2011

Ortac Resources Limited ('Ortac' or 'the Company')

Seeking to Raise Approximately 8 Million



Ortac Resources Limited (AIM: OTC), the AIM listed exploration and development company focussed on precious metal projects in Europe, announces that, further to recent press speculation, it is seeking to raise approximately 8 million at 1.5p per ordinary share in order to accelerate development of the Kremnica Gold Project in Slovakia. The Company hopes to be in a position to announce full details of the placing shortly.



**ENDS**



For further information please visit www.ortacresources.com or contact:



robertalexander - 07 Feb 2011 22:12 - 99 of 444

will this dilute the stock and hence the SP or should it bolster the SP because it will accelerate the project and thus be beneficial to the co and thence us shareholders?

skyhigh - 08 Feb 2011 20:49 - 100 of 444

I'd like to think the 2nd outcome but it may take a little longer to come to fruition now?

gibby - 08 Feb 2011 21:31 - 101 of 444

i think sar has deflected a lot of people from here today (myself included!) and poss pyc & sar tomorrow - anyhow back to otc - imo this shows great confidence by the iis, it was over subscribed (tbc officially), the ii investment underpins otc, there will be no need to borrow now, it will add value and allow the fast tracking of the projects and the money has not gone but adding value to it - it will work for otc - great move by the bod here

gla

gibby - 09 Feb 2011 07:40 - 102 of 444

excellent - will enable fast tracking etc etc - onwards & upwards....


Ortac Resources Ltd
GBP8.4m Raised to Advance Kre
RNS Number : 9050A
Ortac Resources Limited
09 February 2011



Ortac Resources Limited / Epic: OTC / Market: AIM / Sector: Mining & Exploration

9 February 2011

Ortac Resources Limited ('Ortac' or 'the Company')

8.4 Million Raised to Advance the Development of the

Kremnica Gold Project in Slovakia



Ortac Resources Limited (AIM: OTC), the AIM listed exploration and development company focussed on precious metal projects in Europe, announces that it has raised 8,421,053 before expenses via a placing ('the Placing'), which was oversubscribed, of 561,403,533 new ordinary shares ('the Placing Shares') at a price of 1.5 pence per ordinary share. The money raised will be mainly used to advance the development of the Kremnica Gold Project ('Kremnica' or 'the Project') in Slovakia.



Anthony Balme, Ortac's Chairman, has participated in the Placing through the acquisition of 3,333,333 shares and now holds 157,373,463 shares representing 6.9% of the Company.



Background to the Fundraising



The Company's strategy is to delineate further resources into JORC categories, whilst at the same time advancing the Company's flagship asset, Kremnica, towards production. In line with this, the Company recently announced the completion of the updated JORC Code compliant resource estimate for the Project of 1.1 million ounces of gold equivalent of which over half is in the measured and indicated categories. Ortac now intends to carry out additional drilling to target areas of the Project that have been estimated but not classified and to convert further ounces into the higher confidence categories.



Simultaneously, the Company intends to advance the various studies required for the satisfactory completion of a bankable feasibility study that would lead to project finance and re-starting of mining at Kremnica.



Additionally, some funds will be made available to unlocking value in the Company's extensive portfolio of exploration license areas as well as for assessing other advanced stage projects in the region.



Ortac CEO Vassilios Carellas said, "We are delighted with the strong appetite that this Placing has received, particularly the support from some of the larger institutions in the City. This round of funding will enable the Company to further expand and upgrade the existing resource at Kremnica and unlock further value in some of our other exploration license areas."



The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the Company. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8 a.m. on 15 February 2011.



After the issue of the Placing Shares, the Company's total issued capital, with voting rights, will be 2,295,679,020 Ordinary Shares of no par value. This figure may be used by the shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the Company.



**ENDS**



For further information please visit www.ortacresources.com or contact:



Vassilios Carellas
Ortac Resources Ltd
+44 (0) 20 7440 0646

Charles Wood
Ortac Resources Ltd
+44 (0) 20 7440 0646

Roland Cornish
Beaumont Cornish Limited
+44 (0) 20 7628 3396

Rosalind Hill Abrahams
Beaumont Cornish Limited
+44 (0) 20 7628 3396

Jeremy Stephenson
Seymour Pierce Limited
+44 (0) 20 7107 8072

Stewart Dickson
Seymour Pierce Limited
+44 (0) 20 7107 8335

Jeremy King
Optiva Securities Ltd
+44 (0) 20 3137 1904

Jason Robertson
Optiva Securities Ltd
+44 (0) 20 3137 1906

Susie Geliher
St Brides Media & Finance Ltd
+44 (0) 20 7236 1177

Lottie Brocklehurst
St Brides Media & Finance Ltd
+44 (0) 20 7236 1177

beebusy - 09 Feb 2011 09:24 - 103 of 444

All this mutual back slapping is all very well. The stark reality is that they are taking on an old redundant mine and trying to convince the investors that it is a worth while project. They seem to have convinced the large investment houses but small investors are running around like a flock of frightened sheep. I am in for the long haul, which doesnt mean I will not get caught, I have been before, subsea being a glaring example. Looking at the level of commitment from the B.O.D and the city, who have far wiser heads than me, it seems a reasonable risk. So I am still snapping up when the price is low. If the survey reports are all kosher,and we have no reason to think otherwise, its a waiting game. With spring around the corner and work pushing on post 3pence by april is not unreasonable and for the future, look around at the other producing mines and do the sums.

gibby - 09 Feb 2011 12:24 - 104 of 444

bb indeed - imo any long term investment here will do well - the money for the mms is most often made from impatient frieghtened inexperienced pi's

the guy who bought 6.8M of these this morning at full of ask must also be full of confidence here

i see this heading in a northerly direction most of the time now - minus usual dips of any share

gl

skyhigh - 09 Feb 2011 19:37 - 105 of 444

Good! now the 8.4 Million Raised is out of the way perhaps the sp will bounce from here! time to buy a few more methinks!

beebusy - 10 Feb 2011 08:46 - 106 of 444

lot of sells this am, somebody just parted with 12,000.000 @ 1.61 not the direction we would like to see!!

beebusy - 10 Feb 2011 11:22 - 107 of 444

big sells,but just bought in @.0158 but buy shown as not known!!

gibby - 10 Feb 2011 20:54 - 108 of 444

bb - dont believe all buys and sells as published - one of the favourite mm tricks is if you get a buy under the mid price 9 times out of 10 - scratch that probably 10 times out of 10 it will show as a sell - unknown another favourite - they have this and many other tricks - need l2 to assist in this - also you may want to read this

i have 101% confidence in otc

If you have a spare minute, a glass of wine and a hot mince pie to hand then have a read. Not suggesting anything here only trying to provide the other (possible) side of the coin. Read, digest or excreet as you see fit.

TDT

In every profession, there are probably a dozen or two major rules. Knowing them cold is what separates the professional from the amateur. Not knowing them at all? Well, let's put it this way: How safe would you feel if you suddenly found yourself piloting (solo) a Boeing 747 as it were landing on an airstrip?

Unless you are a professional pilot, you would probably be frightened out of your wits and would soil your underwear. Hold that thought as you read this essay because I will explain to you how market manipulation works. What the professionals and the securities regulators know and understand, which the rest of us may not, is this.

"RULE NUMBER ONE: ALL SHARP PRICE MOVEMENTS -- WHETHER UP OR DOWN -- ARE THE RESULT OF ONE OR MORE (USUALLY A GROUP OF) PROFESSIONALS MANIPULATING THE SHARE PRICE."

This should explain why a mining company finds something good and "nothing happens" or the stock goes down. At the same time, for NO apparent reason, a stock suddenly takes off for the sky! On little volume! Someone is manipulating that stock, often with an unfounded rumour. In order to make these market manipulations work, the professionals assume: (a) The Public is STUPID and (b) The Public will mainly buy at the HIGH and (c) The Public will sell at the LOW.

Therefore, as long as the market manipulator can run crowd control, he can be successful. Let's face it: The reason you speculate in such markets is that you are greedy AND optimistic. You believe in a better tomorrow and NEED to make money quickly. It is this sentiment which is exploited by the market manipulator. He controls YOUR greed and fear about a particular stock. If he wants you to buy, the company's prospects look like the next Microsoft. If the manipulator wants you to desert the sinking ship, he suddenly becomes very guarded in his remarks about the company, isn't around to glowingly answer questions about the company and/or GETS issued very bad news about the company. Which brings us to the next important rule.

"RULE NUMBER TWO: IF THE MARKET MANIPULATOR WANTS TO DISTRIBUTE (DUMP) HIS SHARES, HE WILL START A GOOD NEWS PROMOTIONAL CAMPAIGN."

Ever wonder why a particular company is made to look like the greatest thing since sliced bread? That sentiment is manufactured. Newsletter writers are hired -- either secretly or not -- to cheerlead a stock. PR firms are hired and let loose upon an unsuspecting public. Contracts to appear on radio talk shows are signed and implemented. Stockbrokers get "cheap" stock to recommend the company to their "book" (that means YOU, the client in his book).

An advertising campaign is rolled out (television ads, newspaper ads, card deck mailings). The company signs up to exhibit at "investment conferences" and "gold shows" mainly so they can get a little "podium time" to hype you on their stock and tell you how "their company is really different" and "not a stock promotion.") Funny little "hype" messages are posted on Internet newsgroups by the same cast of usual suspects. The more, the merrier. And a little "juice" can go a long way toward running up the stock price.

The HYPE is on. The more clever a stock promoter, the better his knowledge of the advertising business. Little gimmicks like "positioning" are used. Example: Make a completely unknown company look warm and fuzzy and appealing to you by comparing it to a recent success story, Diamond Fields or Bre-X Minerals. That is the POSITIONING gospel, authored by Ries and Trout (famous for "Avis: We Want To Be #1" and "We Try Harder" and other such slogans). These advertising/PR executives must have stumbled onto this formula after losing their shirts speculating in a few Canadian stock promotions! The only reason you have been invited to this seemingly incredible banquet is that YOU are the main course. After the market manipulator has suckered you into "his investment," exchanging HIS paper for YOUR cash, the walls begin to close in on you. Why is that?

"RULE NUMBER THREE: AS SOON AS THE MARKET MANIPULATOR HAS COMPLETED HIS DISTRIBUTION (DUMPING) OF SHARES, HE WILL START A BAD NEWS OR NO NEWS CAMPAIGN."

Your favourite home-run stock has just stalled or retreated a bit from its high. Suddenly, there is a news VACUUM. Either NO news or BAD rumours. I discovered this with quite a few stocks. I would get LOADS of information and "hot tips." All of a sudden, my pipeline was shut-off. Some companies would even issue a news release CONDEMNING me ("We don't need 'that kind of hype' referring to me!). Cute, huh? When the company wanted fantastic hype circulated hither and yon, there would be someone there to spoon-feed me. The second the distribution phase was DONE....ooops! Sorry, no more news. Or, "I'm sorry. He's not in the office." Or, "He won't be back until Monday."

The really slick market manipulators would even seed the Internet news groups or other journalists to plant negative stories about that company. Or start a propaganda campaign of negative rumours on all available communication vehicles. Even hiring a "contrarian" or "special PR firm" to drive down the price.

Even hiring someone to attack the guy who had earlier written glowingly about the company. (This is not a game for the faint-hearted!)

You'll also see the stock drifting endlessly. You may even experience a helpless feeling, as if you were floating in outer space without a lifeline. That is exactly HOW the market manipulator wants you to feel.

See Rule Number Five below. He may also be doing this to avoid the severe disappointment of a "dry hole" or a "failed deal." You'll hear that oft-cried refrain, "Oh well, that's the junior minerals exploration business... very risky!" Or the oft-quoted statistic, "Nine out of 10 businesses fail each year and this IS a Venture Capital Start-up stock exchange." Don't think it wasn't contrived. If a geologist at a junior mining company wasn't optimistic and rosy in his promise of exploration success, he would be replaced by someone who was! Ditto for the high-tech deal, in a world awash with PhD's.

So, how do you know when you are being taken? Look again at Rule #1. Inside that rule, a few other rules unfold which explain how a stock price is manipulated.

"RULE NUMBER FOUR: ANY STOCK THAT TRADES HUGE VOLUME AT HIGHER PRICES SIGNALS THE DISTRIBUTION PHASE."

When there was less volume, the price was lower. Professionals were accumulating. After the price runs, the volume increases. The professionals bought low and sold high. The amateurs bought high (and will soon enough sell low). In older books about market manipulation and stock promotion, which I've recently studied, the mark-up price referred to THREE times higher than the floor. The floor is the launchpad for the stock. For example, if one looks at the stock price and finds a steady flat-line on the stock's chart of around 10 cents, then that range is the FLOOR.

Basically, the mark-up phase can go as high as the market manipulator is capable of taking it. From my observations, a good mark-up should be able to run about five to ten times higher than the floor, with six to seven being common. The market manipulator will do everything in his power to keep you OUT OF THE STOCK until the share price has been marked up by at least two-three times, sometimes resorting to "shaking you out" until after he has accumulated enough shares. Once the mark-up has begun, the stock chart will show you one or more spikes in the volume -- all at much higher prices (marked up by the manipulator, of course). That is DISTRIBUTION and nothing else.

Example: Look at Software Control Systems (Alberta:XVN), in which I purchased shares after it had been marked up five times. There were eight days of 500,000 (plus) shares trading hands, with one day of 750,000 shares trading hands. Market manipulator(s) dumping shares into the volume at higher prices.

WHENEVER you see HUGE volume after the stock has risen on a 75 degree angle, the distribution phase has started and you are likely to be buying in -- at or near the stock's peak price.

Example: Look at Diamond Fields (TSEFR), which never increased at a 75 degree angle and did not have abnormal volume spikes, yet in less than two years ran from C$4 to C$160/share. Example: Look at Bre-X Minerals (Alberta:BXM), which did not experience its first 75 degree angle, with huge volume until July 14th, 1995. The next two trading days, BXM went down and stayed around C$12/share for two weeks. The volume had been 60% higher nearly a month earlier, with only a slight price increase. Each high volume and spectacular increase in BXM's share price was met with a price retreat and levelling off. "Suddenly," BXM wasn't trading at C$2/share; it was at C$170/share.... up 8500% in less than a year!

In both of the above cases, major Canadian newspapers ran extremely negative stories about both companies, at one time or another. In each instance, just before another share price run up, retail investors fled the stock! Just before both began yet another run up! Successful short-term speculators generally exit any stock run up when the volume soars; amateurs get greedy and buy at those points.

"RULE NUMBER FIVE: THE MARKET MANIPULATOR WILL ALWAYS TRY TO GET YOU TO BUY AT THE HIGHEST, AND SELL AT THE LOWEST PRICE POSSIBLE."

Just as the manipulator will use every available means to invite you to "the party," he will savagely and brutally drive you away from "his stock" when he has fleeced you. The first falsehood you assume is that the stock promoter WANTS you to make a bundle by investing in his company. So begins a string of lies that run for as long as your stomach can take it.

You will get the first clue that "you have been had" when the stock stalls at the higher level. Somehow, it ran out of steam and you are not sure why. Well, it ran out of steam because the market manipulator stopped running it up. It's over inflated and he can't convince more people to buy. The volume dries up while the share price seems to stall. LOOK AT THE TRADING VOLUME, NOT THE SHARE PRICE! When earlier, there may have been 500,000 shares trading each day for eight out of 12 trading days (as in the case of Software Control Systems), now the volume has slipped to 100,000 shares (or so) daily. There are some buyers there, enough for the manipulator to continue dumping his paper, but only so long as he can enlist one or more individuals/services to bang his drum.

He may continue feeding the promo guys a string of "promises" and "good news down the road."

(Believe me, this HAS happened to me!) But, when the news finally arrives, the stock price goes THUD! This is entirely orchestrated.

"RULE NUMBER SIX: IF THIS IS A REAL DEAL, THEN YOU ARE LIKELY TO BE THE LAST PERSON TO BE NOTIFIED OR WILL BE DRIVEN OUT AT THE LOWER PRICES."

Like Jesse Livermore wrote, "If there's some easy money lying around, no one is going to force it into your pocket." The same concept can be more clearly understood by watching the tape. When a market manipulator wants you into his stock, you will hear LOUD noises of stock promotion and hype. If you are "in the loop," you will be bombarded from many directions. Similarly, if he wants you out of the stock, then there will be orchestrated rumours being circulated, rapid-fired at you again from many directions. Just as good news may come to you in waves, so will bad news.

You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible.

The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase.

In the mining business, there seems to always be other "area play" around the corner. Just as Voisey's Bay drifted into oblivion, during the fourth quarter of 1995 and early into 1996, the same Voisey Bay "wannabees" began striking deals in Indonesia. Some even used new corporate entities. Same crooks, different shingles. The accumulation phase was TOP SECRET. The noise level was deadingly silent. As soon as the insiders accumulated all their shares, they let YOU in on the secret.

"RULE NUMBER SEVEN: CONVERSELY, YOU WILL OFTEN BE THE LAST TO KNOW WHEN THIS DEAL SHOWS SIGNS OF FAILURE."

Twenty-twenty hindsight will often show you that there was a "little stumble" in the share price, just as the "assays were delayed" or the "deal didn't go through." Manipulators were peeling off their paper to START the downslide. And ACCELERATE it. The quick slide down makes it improbable for your getting out at more than what you originally paid for the stock... and gives you a better reason for holding onto it "a little longer" in case the price rebounds. Then, the drifting stage begins and fear takes over. And unless you have serves of steel and can afford to wait out the manipulator, you will more than likely end up selling out at a cheap price.

For the insider, market-maker or underwriter is obliged to buy back all of your paper in order to keep his company alive and maintain control of it. The less he has to pay for your paper, the lower his cost will be to commence his stock promotion again... at some future date. Even if his company has no prospects AT ALL, his "shell" of a company has some value (only in that others might want to use that structure so they can run their own stock promotion). So, the manipulator WILL buy back his paper. He just wants to make sure that he pays as little for those shares as possible.

"RULE NUMBER EIGHT: THE MARKET MANIPULATOR WILL COMPEL YOU INTO THE STOCK SO THAT YOU DRIVE UP ITS PRICE SHARES."

Placing a Market Order or Pre-Market Order is an amateur's mistake, typifying the US investor -- one who assumes that thinly traded issues are the same as blue chip stocks, to which they are accustomed. A market manipulator (traders included here) can jack up the share price during your market order and bring you back a confirmation at some preposterous level. The Market Manipulator will use the "tape" against you. He will keep buying up his own paper to keep you reaching for a higher price. He will get in line ahead of you to buy all the shares at the current price and force you to pay MORE for those shares. He will tease you and MAKE you reach for the higher price so you "won't miss out." Miss out on what? Getting your head chopped off, that's what!

One can avoid market manipulation by not buying during the huge price spikes and abnormal trading volumes, also known as chasing the stock to a higher price.

"RULE NUMBER NINE: THE MARKET MANIPULATOR IS WELL AWARE OF THE EMOTIONS YOU ARE EXPERIENCING DURING A RUN UP AND A COLLAPSE AND WILL PLAY YOUR EMOTIONS LIKE A PIANO."

During the run up, you WILL have a rush of greed which compels you to run into the stock. During the collapse, you WILL have a fear that you will lose everything... so you will rush to exit. See how simple it is and how clear a bell it strikes? Don't think this formula isn't tattooed inside the mind of every manipulator. The market manipulator will play you on the way up and play you on the way down. If he does it very well, he will make it look like someone else's fault that you lost money! Promise to fill up your wallet? You'll rush into the stock. Scare you into losing every penny you have in that stock? You'll run away screaming with horror! And vow to NEVER, ever speculate in such stocks again. But many of you still do.... The manipulator even knows how to bring you back for yet another play.

What actors! No wonder Vancouver is sometimes called "Hollywood North."

"FINAL RULE: A NEW BATCH OF SUCKERS ARE BORN WITH EVERY NEW PLAY."

The Financial Markets are a Cruel, Unkind and Dangerous Playing Field, one place where the newest amateurs are generally fleeced the most brutally.... usually by those who KNOW the above rules. Just as I have a duty to ensure that each of you understand how this game is played, YOU now have that same duty to guarantee that your fellow speculator understands these rules. Just as I would be a criminal for not making this data known to you, YOU would be just as criminal to keep it a secret. There will always be an unsuspecting, trusting fool whom the rabid dogs will tear to shreds, but it does NOT have to be this way.

IF every subscriber made this essay broadly known to his friends, acquaintances and family, and they passed it on to their friends, word of mouth could cause many of these market manipulators to pause. IF this effort were done strenuously by many, then perhaps the financial markets could weed out the crooked manipulators and the promoters could bring us more legitimate plays.

The stock markets are a financing tool. The companies BORROW money from you, when you invest or speculate in their companies. They want their share price going higher so they can finance their deal with less dilution of their shares... if they are good guys. But, how would you feel about a friend or family member who kept borrowing money from you and never repaid it? That would be theft, plain and simple.

So, a market manipulator is STEALING your money

ptholden - 10 Feb 2011 21:21 - 109 of 444

And what exactly does a MM have to do with how a SEAQ stock is reported?
I accept trades of certain sizes can be delayed and the publication of which will possibly be misinterpreted because of the delay; however, for the average buy or sell it is the software used by websites that determine in which column they fall, not the MMs.

Those nasty MMs always getting the blame when a chosen stock fails to rise or even has the temerity to fall. Funny old thing, but you never see a post blaming the manipulative bastards when a stock goes up! I guess it's human nature to blame someone else rather than accepting responsibility for buying at the wrong time or buying a shit company in the first place.

gibby - 10 Feb 2011 22:02 - 110 of 444

evening pth - i was passing on information that is all - you mention the software which is interesting but you must have noticed how buys often show as sells and vv - ref seaq surely a simple sw fix can correct this this, many pis actually believe that every sell and buy is correct which it isnt - and yes it works the same way when a stock rises - at the end of the day it is a persons own decision when to buy and not to buy - bad timing can cost very much - l2 is a must - the best most reliable information are rns - and solid research & real news - i for one often contact companies but obviously they are restricted to what they can divulge

but i know you are experienced, the idea was to share that info to assist newbies

ref last sentence - there's nowt wrong with otc! - great prospects ahead - gl


ptholden - 10 Feb 2011 22:12 - 111 of 444

Gibby, I wasn't having a go at you or otc, just a general comment.

There are quite a few reasons why the trades are misreported by the software. If the advertised spread is wide, most trades will be executed within the yellow strip dependent on what price the broker can deal. If the spread is tight and the SP moving quickly, by the time it is reported the bid/offer may have moved. There is no way the software can manage the first aspect without constantly placing dummy trades at different sizes continuously to determine the real spread. The second aspect is impossible to calculate.

gibby - 10 Feb 2011 22:48 - 112 of 444

pth - cheers - i always appreciate constructive information and criticism - so thanks

have a good evening and profitable day tomorrow - gl

beebusy - 11 Feb 2011 09:06 - 113 of 444

Thanks to you both for the info. I find the most galling thing is the lack of news. I look at company websites also the investment houses to glean anything I can, but it is woefully little. I found otc sometime ago when I noticed large investment houses buying stock so I jumped in at .080p. That was probably a glaring error in trading terms but it paid off. Many have not, HTT is one, I have sat on that a while, even encouraged my grandchildren to buy beach dude wear !!! GPN well Clive Palmer took it over and my money with it !! Subsea sunk without trace!! RAB Still in living in hope!! POL still have high hopes for that!! OXS well what can I say?? And so it goes on. On the other hand if you look at the list of shares I got out of, they are doing very well (with one or two exceptions!!). So boys as you can see I am not one of these "I am doing ever so well" merchants, I am a truthful realist who never puts in what I cannot afford to lose and often do!! But enjoys the game, yea verily!!

Balerboy - 11 Feb 2011 09:15 - 114 of 444

Thank goodness there's others like me out there, bb....even got the same handle lol regards bb
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