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and if one more person explains how it can be wrong and how...... why don't you actually look at the data and see if it is or not ? that is what count surely?
can=can't
6M $ Man....
Looking through the Trades I can see any that are obviously marked up wrongly? Can you? They all have a healthy spread to it seems very clear.... while you can never say 100% it looks pretty much so.... If true the ratio is something like 7:3 buy to sell.
I like your theory about the outstanding large buy..... but these can be cancelled at anytime, which also leaves them exposed...
Didn't RichT/Smals tell us yesterday that the sp would rise today? :)
just think its a general share price correction 15/21 in the red on my AIM watchlist, positively my Blue Chips (dividend earners) seem to be pulling back a little from earlier today.
I would not be surprised to see a jumbo sale go through in the next 24hrs. It could be that 2xMMs are jointly trying to fill an order, so sitting on the order and holding back a rise while encouraging a sell-off. Only time will tell, but can be camoflaged even then.
B/liquid, you have fallen for the ruse. The MMs do not tie up lots of cash for shares, therefore the volume of sales is never very far adrift from the volume of buys. The MMs can alter or manipulate the spread - for example, if spread is 1.4-1.6 then the "estimated share price" is 1.5, any trade below that is classed as a sale and a trade at 1.53 is a buy -easy!
BUT, by extending the spread to 1.4-1.7 the ESP is now 1.55p - so even though an MM continues to buy at 1.53p, because the ESP is 1.55p, it shows as a sale. The impression is given that sales are outrunning buys which encourages a sell-off by nervous investors or triggers automated sell orders (aka a Tree Shake).
It's smoke and mìrrors.... do not be fooled, if the ratio of buys and sells is more than 60:40 I smell a rat baited with a red herring. If it is backed with disasterous or transformational news, there may be a basis for it, but if it comes out of the blue or drops on good news....BEWARE!
If you look at this page..... and imagine two lines, one joining the high points "The Buys" and one joining the low points "The Sells" all becomes clear. As the day progresses and their are more trades the lines become hard to see.
https://www.google.co.uk/search?biw=1752&bih=1037&tbm=fin&ei=CWZWXsvlH465kwXc1Y_wBw&q=LON%3A+88E&oq=LON%3A+88E&gs_l=finance-immersive.3...0.0.0.18409.0.0.0.0.0.0.0.0..0.0....0...1..64.finance-immersive..0.0.0....0.5nWIz97Rqos#scso=_HGZWXtK2K8WjkwXQpanwAg1:0
Buys/Sells - I know..... but while it isn't a exact science they - the London Stock Exchange display their trades that way because it is a good indicator. They wouldn't want to mislead intentionally. It is mostly correct.
How many times......not buys and sells, just trades in relation to mid point of the quoted spread.
Are there any grounds for getting the LSE / AIM to check out the actions of the Market Makers? Not sure the market is meant to work like this long term?
Another day where buys are outstripping sells..... and the share price is going down again!
Vol. Sold 6,870,559
Sold Value £75.58k
Vol. Bought 15,939,294
Bought Value £175.33k
Hold your nerve..... It's simple, the MMs want as many people to crack and sell as possible so they can stock up on cheap shares with less risk to them if we don't find oil and are left sitting over priced shares. If you hold onto the shares the fact that it goes down and up again before the big jump is meaningless.
brom 12:08
topp dupp again
cat
This share is getting played by the MM’s. They are making great money for themselves and some clients. Unfortunately I don’t have someone in the know! I have always been here for the long term since 2016 but I would have made very good money if I had traded this one. Won’t make the same mistake again.
BB32
The board have to be accountable for their business decisions over the last 5 or so years. You can’t just haemorrhage shareholder value whilst taking huge salaries and dishing out grossly discounted placings to IIs, issuing shares like confetti and not expect a bit of criticism.
I too bought in for PBs expertise. Sadly our initial thesis regarding the HRZ has been proved to be incorrect. If the HRZ core data is a dud at Charlie-1, then the HRZ is finished. Or can you think of anyone who will pay 20-30m USD to horizontally drill a well based on the IW2 data? Using the ‘It won’t flow over here but might flow somewhere over there approach?’
Do agree this can go up has fast as it's taken down
MMs having a good trees hake of so many shares at the moment, full scale carnage.
Desmond45,
I bought into the 88e story based on Paul Basinski's connection to ConocoPhillips and his history with Eagle Ford, I took too long to make my mind up doing endless hours of research, and purchased first shares at 2.16p just after completion of Icewine 1 on 26/02/16 my belief was that this was a 5 - 7 year play to see the benefits.
No major discovery has succeeded on first drill and whilst I along with the majority of shareholders wished for instant success, I was prepared to buy more when the opportunity rose to lower my average, and have done so, at today's SP I am losing money slightly , but no issues my choice, this will come right and ultimately the unconventional potential of this area will be successfully fracked.
The modern 3D info and other current testing that has been carried out around Charlie is a bonus as my investment was based on the unconventional .
If 88e doesn't ultimately succeed then my attitude is ( well it wasn't to be ) and walk away having lost money , but I won't be on bulletin boards ****ging off the Company.
My investment .. My choice no one forced me to buy..
1 of articles that I first read still is worth reading .
https://www.energynewsbulletin.net/news-archive/news/1097205/88-pins-hopes-on-eagle-ford-replica
I get frustrated by the constant drivel on this site , Where people behave like 5 year olds without adding any relevant information to back up their point.
I wish you and all investors success, but just wish people would check information before spouting things .
BB32
Pmsl, please spare me from your ramblings BB32. Yes, we found BITUMEN at IW2! And how much is it worth? NOTHING! Absolutely zero commercial value. The company is HOPING that the window of maturity might be conducive to free flowing oil at the location of Charlie-1. Currently we have ZERO data to prove this. FIB SEM on regional cuttings may aid this hypothesis - But no results to date. 6 months of analysis on Charlie-1 hrz core required too. We have spent a fortune on the HRZ with nothing to show for it to date except a well full of bitumen instead of alleged superhighways. The HRZ is on the ropes and you must be the clueless one if you think this was all part of the plan...
L.Graham / Stockdale /Desmond 45
Do you actually understand what we found at Icewine2 ... BITUMEN
Do you know how this is formed ?
The information that we have is why a Soft Farm Out is happening.
Did you all think we would get instant success the first time we drilled?
Suggest that you all do some research .
Here's a link to get you started
https://energyeducation.ca/encyclopedia/Kerogen
Your comments on Duster's are just not correct - we did not find free flowing oil - we fracked a limited area vertically that had communication between areas that affected the drill
Fracking works better on Horizontal drills , you also need to remember why we drilled where we did - existing pad next to main road.
Perhaps you all invested without doing research, this was never an instant win......
BB32