The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Pumpy. If you do at least 4 trades a year worth at least £10k per trade on AIM shares (not FTSE) with a large bid/ask spread, it is advisable to get a 2nd level console. It’s only £400 per year but it can pay for itself quickly. (£40k trades vs £400 console is 1%, but you can save much more than this whether you sell or buy). Try it for a month as this LSE portal provides a basic one for approx. £30! You will get volume/actual trades and auction prices in real-time. You will also know what the actual MMs bid/ask is compared to what is publicly shown. You can also get a feel for delayed trades. You will see how persons or institutions with direct access (legally) manipulate and ‘scalp’ retail investors.
The CLN holder (early June until now) is still disposing of shares in chunks of 1m+ unless trading is ultra-low. They don’t mind getting 2.77p when their conversion price was at 1.27p!
Get a 2nd level console and I will attempt to answer your questions in dribs and drabs over the next few days as I’m a bit busy.
BTW: I agree SP has gone down slightly although you cannot judge it based on current volumes. Try buying or selling large amounts and see what happens.
Think as a day trader even if you are not one and you will get better rates. See it as playing blackjack in a casino where you have the advantage of being able to count cards.
I’m not being patronizing, I’m trying to be helpful.
Starchild
xxx
Someones bought that million Pump........... :)
pleased I made you smile atleast....... :()
All the best (Shares or £'s ............ ouch :)
Come over! Made me smile. :)
Ticking down this week guys unfortunately.
Another sell over a million today!
https://www.lse.co.uk/SharePrice.asp?shareprice=BPC&share=Bahamas-Petrol
the 3 monthly chart looks pretty stable to my eye Pumpycombover...........!
All the best (I may be wrong though :)
Star,
With all respect if there were any wales about the volume would be much bigger and if the sells that are really buys story is true how come we are ticking down?
You can't ramp the facts which are this is ticking down. 2.6 low today and moving down for the rest of the week without an RNS. Not a deramp, just the facts.
IMO
Pumpy, I disagree. Volume is tiny and the spread huge. Some PIs have been spooked (or seduced) into buying CERP and offloading some of their BPC holdings with the hope of making it with arbitrage @80.3%. If the SP slowly fell, the whales will likely gobble up. Furthermore, there's a catch 22. There is no point doing this if the difference is less than 80% and that excludes taking into account the percentage MMs make in the spread to sell BPC and buy CERP.
IMHO
Starchild
xxx
Take a closer look PumpandCombover.............!
oh............. red Buys........... :()
All the best (lovely :()
Sea of sells today again!
Damn it..................!
CERP's been hanging on to your coat tails today............!
All the best (or at least catching up :)
At last a move in the SP. Sadly it is south.