Fatlad, I never said or suggested either that you are not entitled to post on this bb or that if you do post then it has to suit me.
I understand your statement about not expecting Man's price to have the same fall as the Nikkei. However I never said you should expect it to have the same fall as the Nikkei. I just pointed out the Nikkei had fallen 7% overnight, other markets had fallen, and that there were technical reasons why the EMG price may have fallen. Volcano has since kindly pointed out that there was a broker downgrade on EMG and that a number of other stocks in the same sector got hit hard too for a variety of reasons. The fact that EMG fell the same amount as the Nikkei was coincidence in my view. However I was simply trying to point out that there could be other valid reasons why it did fall sharply yesterday other than your assertion that "since yesterday morning yet the mm's have manipulated an 11% drop in Man's price & others". I won't ask whether you can prove your assertion is the only possibility for the fall in Man's price yesterday.
I said 'you seem to have forgotten' not 'you have forgotten'. There's a significant difference in meaning.
I understand and agree that making false statements about securities or people is wrong. I don't believe I've done either, but if I have then I apologise. My comment about the stop was prefixed with the condition 'if you got stopped out...'. This makes a massive difference to the meaning. I clearly allowed for the possibility that you hadn't been stopped out, something you then confirmed, and so there was nothing false or accusatory in what I wrote.
Dropped 1.9% in yesterdays melee, not as bad as feared, however AHL is now 2.1% down on week! So hopefully needs a better day today. Estimated Nav per share $1.2235, (Now estimated over 6% from High Watermark judging by information from internet pundits).
Hedge fund giant Man Group came under renewed selling pressure and lost 8.6p to 124.9p after broker Berenberg advised clients to sell down to 105p. Insurance giant Prudential fell 45p to 1158p. Profit-taking after the recent strong rise on hopes that the government will soon outline its strategy for re-privatising the state-backed banks left Lloyds Banking Group 2.34p easier at 60.62p and Royal Bank of Scotland 12.4p off at 337.2p. Elsewhere in the sector, Barclays declined 12.4p to 321.45p and HSBC cheapened 26p to 741.8p. Wealth manager St James’s Place came a cropper and slumped 67p or 10 per cent to 573p after Lloyds Banking Group slashed its stake for the second time in three months. Lloyds sold another £450m worth of shares, placing 77m shares at 580p a pop, reducing its shareholding to 21 per cent. It held 57 per cent at the start of the year. F&C Asset Management eased 0.25p to 95.5p despite chairman Ed Bramson’s purchase of a further 50,000 shares at 95.44p. Chief executive Ralph Topping’s sale of 400,000 shares at 452.11p left bookmaker
Hi, I happen to be an other poster, and entitled to post within the rules of this bb not just to suit you. I understood your statement, 'The NIKKEI fell over 7% last night and other markets are significantly down' . what is it you don't understand about my statement? 'I do not agree that we should expect Man's price to have the same fall as the Nikkei which fell 7%. Simply due to Man not having that amount 100% exposure to the Nikkei.
You made the accusation 'you seem to have forgotten that EMG is an asset and hedge fund manager' My statement was that People hedge all the time in all forms of business, I have never criticised or expected hedging not to happen. Creating false statements about securities or about people for that matter is what is wrong in my opinion. Can't you understand that.
What is it you don't understand about you also making this false statement 'it was your choice to put a stop on and there is nothing wrong with buying back again if you think the drop is temporary or overdone'. My answer was 'its over 14 years since I regrettably placed my one and only stop although I wish luck to those who can do it better. Its not for me'.
Hope I have enlightened you, good luck with whatever you do if its within the rules.
Fatlad - I'm not sure which of my facts are incorrect (though I'm not sure anything I said in my last post was a fact as opposed to opinion) and I can't see where I made false statements about other posters. I also can't see why my opinion that you are 'griping' about MM manipulation and lack of regulation is unreasonable given you posted several updates on the topic yesterday using phrases such as 'down to the mm's adjusting the prices to suit themselves and maybe there 'supporters'. That's fiddling to me', 'the shenanigans they see happening in the markets' and 'best of luck to all, we need it with this fiddling that appears to be going on, that is until the regulaters get to do their job'.
I'm not disputing the relevance of the rule you quoted at 21:01 yesterday, and if you have specific evidence - either from yesterday or previously, in relation to EMG or any other UK listed security - of where this rule has been broken (or, indeed, evidence of where any other Stock Exchange rule has been broken), then I suggest you take it up with the regulatory authorities or even with the police. The MMs are there to create a market - they are required to do so - so it seem fairly obvious that if they can see buy or sell orders (including stops) on the book, then they'll try to satisfy them. That's not manipulation or rule breaking or creating false markets or creating misleading impressions, it's just doing their job.
Anyway, you have your opinion about the markets, I have mine and they are different. No problem. Good luck with your investments.
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