If you look at today's trades you can see why 3% has been shaved off the price. It's when there is no trading and the prices keeps creeping down when the MM are shaking the tree to encourage selling, and once they have what they want they move it back up again.
With manual order book trading, like SEAQ, the bid and offer published rarely reflects reality, which obviously can mislead investors. However that being said a stop loss of 3% is ridiculous and demonstrates to me a lack of understanding when using stops.
Generally I don't think that is the case, as we know there has been many months that a ''big buyer'' could have bought in, if wanted.
I just feel that it is down to how Frr have released any positive news in the past & on certain things that they took much longer than was originally said they would i.e. gas production being one of them. So as long as we start to get the positive updates that we have thought on then we should at last start to make out way past 1p then head towards 2p & onwards.
I have a question that has bugged me for a while ,so if anyone can answer I will be grateful .. ......the mm.s are manipulating the SP to accommodate a big buyer !!! Q what is classed as a big buyer !! after all if the mms drop the SP to accommodate then that would possibly knock millions off the SP 3% takes out many stop loss orders so many investors could in theory loose many thousands .. just so a buyer can get the shares at the price they want them to drop to.. ... is this a myth or does it actually happen , can the mms keep getting g away with such manipulation to accommodate one or 2 investors ???? .... hope I phrased the question adequately to make it understandable ....... many thanks and to all invested here keep the faith ,, still holding and waiting ..
I am with you on that, not being that bothered with the day to day movements. I will just say what I have done a few times now & that is on Frr just holding around where we are would be good, until we get the next bit of positive news.
i will top up at the right time as i think the sp will go up eventually but knowing BOD over the years it wont surprise me if they want to drive down the SP before eventually giving us some decent news and that could be september before BOD gets off their lazy backsides and decide to give some good news
I've set myself a target of not being too bothered about day to day movements until Q4 2015. By then this daily- will it won't it, will they won't they will be well and truly in the past. We all know what they're working on and we all know that worst case scenario being achieved delivers multiples of todays share price. Day traders will have opportunities in abundance to have their fun here. Long term investors will have the opportunity to top up at these low prices if they have the funds available.
Sitting in relative calm so apologies to firegazer for the lack of iTunes spelling coral ection! Ive had time to look over in peace before posting!! :-))
bod wont be happy as the price is not going down ! its stuck on .82 would not surprise me if BOD issues some bad news to make the sp go down , before then bringing out good news so their chums can get in , anyway i am waiting at moment to see what SP does before topping up ., but i still think in the long run this share is going to take off but as usual BOD will do it at their SNAIL PACE !
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