Just wondering if the manipulation by the mms is the only cause of the bizarre fall/freeze in sp through 1st half of April. If they're breaking fca rules,a complaint should be made.Are they? otherwise,with all the new fundamentals factored in they should have stayed at least in the late 20s. Any clue why momentum has burnt out at the moment? Very very frustrating!!
@Searcher - Delayed trades - yeah the MM's are playing silly beggars - they can do HFT but they cannot put a trade through at the right time? Well its within the rules do show trades later http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf but it looks to me like the MM's are not playing according to the rule. Maybe Garyn can advise? The MM's can be booted if they mess around like this. Maybe a check then a call to the FCA :-)
@ BF - On the Chevron side - Chevron were in Namibia and with a few others discovered the Kudu gas field way back. I think they then sold to SHELL (then Chevron departed Namibia ) and then eventually SHELL sold on to others (SHELL also then departed Namibia) leading to the current Tullow et al arrangement. SHELL as we know are now back in Namibia - so Chevron coming back is also my bet. Fireworks if/when it happens. There are also others of course.. do not rule out Apache (USA) or some more Chinese companies....etc etc etc
so all day we have trades showing as sells at 23.45 (which I believe to be buys) and then after the close an order is put on the book at 23.00 to see that we finish down, and the funny thing is that the 23.00 trade shows up as a buy .......lol
Yeah very interesting comment. The data room for our central blocks has been open since September 2013 so over 7 months now. Hoping for farm out news soon but not much happening today... very low volumes zzzzzz
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