Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yup back in.....
Short term volatility providing an opportunity if you're thinking longer term as the bigger players currently are.
Plenty recent heavy loading up by instis shows confidence in the future:
. Richard Griffiths - 27.9%
. Oryx International - 7.99%
. Lombard Odier - 5.08%
Not forgetting the £100k director buy at 21p.
They'll all have done their due diligence and know where the price is going in time.
Richard Griffiths taking nearly 28% is particularly interesting. That's a significant chunk.
The short term volatility is just noise.
Similar drop in magnitude to that which we saw from 4/11 - 19/11, just after which some large volume drove the price back up. I think I’m just going to remain positive and explicit a sizeable buy to show up this week. Weekly and monthly charts still look strong, which is probably where to focus if you’re in this for the longer term.
This is just a bit bizarre now and I did not expect a drop to this extent. I’ve been topping up on the way down, each time thinking I got a good price only to be proven wrong! Fundamentals are strong and yet the price still is not. Which is going to win in the end?
JA general remarks which are certainly inflammatory. I google ( don't have a twitter account too many nerds) Tom Winnifrith, there is a link on his twitter page.
One means of defense against the algo traders is NOT to place stops with MMs or your chosen provider. Another is to play them at their own game, and have a trading portion to exploit very short term o/b and o/s technical positions they help to set up.
Algo trading is taking over as many will know. Across world markets Algo trades can account for as much of 80% volume. I have some investments which have more than 80% of automated trades each day and IMO hedge funds appear to be either trading for their own account with a defined strategy or on behalf of others. They are becoming more and more powerful in equity markets and PI’s can only sit back and wait until they have achieved their objective or piggy back on their strategy but very difficult to discern. One thing for sure is that the regulators are at least 5 steps behind so don’t expect that FCA will keep them honest any time soon! I do agree that ultimately value will out so important to DYOR and believe in it.
JA I have confidence here. You and I are getting some stick on twitter.
The way you describe it almost seems like market manipulation, but I guess there’s an advantage to being an emotionless computer algo with access to far more data than the rest of us.
Still, at present, this drop doesn’t change the fundamentals. Great trading opportunity if you’ve got the time and discipline.
Did a bunch of stops just get triggered into close? Similar pattern to yesterday. I was going to suggest someone trying to drag the price down, but they’re all auto trades. Be interesting if any delayed big buys get printed this evening. Either way I don’t think it’s anything to be concerned about.