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Wolfe....That was brilliant!
I haven’t laughed so much from a post in ages...our lass just told me off...
Well done ..my thought so exactly and when a poster can be bothered to write as much as this fella then he gas to be paid or a sad cxnt!
A parasite is a step down from a nonce - I sense you are warming to me....or that tea has done the trick.
Wolf76 are you also walbrooke, as you both call people a nonce.
Cracks me up these accusations of market manipulation.
Almost every Share BB has rampers who feel the share should be worth many multiples of what it really is, and accuses market makers of manipulation.
Oh no please don’t filter me for deramping!!
Fury go away you parasite
All good Benny, as I said:
- Only risk what you're willing to lose; and
- Do your effing research
A tad embarrassing, when you have that link I am all ears
# FuryusOne... Thanks for your reply... No probs... Just thought I'd ask. No malice intended. :)
I personally don't think there is MM manipulation, but sometimes , and where from , I do not know, but there sure is a degree of Smoke and Mirrors , but hey ho, you tend to keep your head down, and take a patient , common sense approach and all comes good, providing you trust your own Due Diligence.
A well thought out and measured response Wolf - camomile tea and a hot bath for you tonight?
Here's a quote for you to mull over in the bath:
"When the debate is lost, slander becomes the tool of the loser."
Do you know how to use Google Fury? Try fca.org Information for customers of Beaumont Assets Ltd. But you are the expert hey? Surprised you've never heard of them. All their clients were transferred to other brokers. Money laundering? Asset fraud? Not ringing any bells. They were closed down. The US authorities got involved with it as a criminal case.
You gave an irrelevant example of a challenge that went nowhere. As a reason to shut up another poster- not me- who had vented about market manipulation. But you don't know about one of the biggest scandals to hit Aim in the last 3 years. Bored of the conversation now.
Putting my complaint in.
"Why the sudden interest in ODX ? What's your point ?"
First of all - not sudden interest, just because I lurk it doesn't mean I am not interested. I usually visit BBs to see whether there are any gaps in my own research.
If you'd rather I didn't provide a different point of view that this stock is not being manipulated then you would rather have an echo chamber? Personally, that wouldn't be my preferred dynamic but people inevitably get tribal on BBs. I think a bit of challenge is healthy and a BB which isn't awash with allegation of market manipulation may make it a more appealing investment to those who are not already invested.
"Well said Tricky. If not manipulated it has been controlled at the very leas since October. Remember the idiotic 30%+ drop on Pfizer news in early Nov across all AIM covid stocks."
Do you remember the counter swing in hospitality and travel stocks? Was that ridiculous to? You mean to tell me that the prospect of a vaccinated world shouldn't have impacted the whole market?
I can't be the only one who finds this ludicrous....As a longterm SNG holder (I don't post there either, so I cannot have shares, right?) I bought the dip as I had been decimated (60% down).
I didn't complain though, in my opinion it was a reasonable reaction for a share which was banking on a protracted pandemic. Now we have more information on variants it is clear that it isn't going to be over so quickly (and that isn't to be celebrated!).
FuryusOne... You first posted on the ODX board last Tuesday with this ...
Speeding ticket?06 Apr 2021 15:55
It will be interesting to see whether they will issue a speeding ticket before the end of today. If there isn't one can we take that to mean a RNS is imminent?
Now your coming out with some long winded waffle and that you are an expert in this field....well done !!
Why the sudden interest in ODX ? What's your point ?
Just intrigued, that's all.
Thanks Tricky, I am struggling to make heads and tails of your second message in the context of your first - I hope you can help me:
You state that you "haven't linked you sharing one legal challenge to the share being manipulated." yet in your original response to my post you said "Your post, FuryasOne, coming out of nowhere- obviously not an ODX investor but you have responded quickly to dissuade complaints, absolutely endorses that this share has been manipulated." Maybe I am misreading something here but you clearly state that by me posting it absolutely endorses this share has been manipulated. You actually double down in your opening gambit of your second message by saying "Interesting that your first post ever FuryusOne is a response to someone posting that they were tired of manipulation on this share."
In an attempt to address whatever narrative it is that you have formed - my doubt was that the FSA (sic) had actually responded to OP or if they did, it was lip service. A reasonable position and one I still maintain. This is based on my own dealings with them in a professional sense, the fact they have finite resources and certainly not enough to intensively monitor AIM for a few weeks to initiate legal proceedings. The FCA will always focus their efforts where adverse conduct will have the biggest impact on consumers - the AIM market, whether you want to believe it or not, is not that place.
"Your suggestion that retail investors should suck up market manipulation because we have invested in Aim is outrageous nonsense." - I'd appreciate confirmation of where I said that - make sure you read the paragraph in context before quoting.
I agree the belittling was probably a tad excessive and for that I will apologise, I was attempting to help you realise how ludicrous it is to draw a conclusion that this share is being manipulated from my post. BBs can become horrible places when a share is not going someone's way. That doesn't mean it is market manipulation there is usually a good reason and a bit of research usually uncovers that answer. If people spent half the energy they use moaning about manipulation to research why it would make the boards a far nicer place and lead to constructive conversation rather than the victim complex I have witnessed here.
For the avoidance of doubt - I am invested here, not heavily (roughly 5% of my portfolio) but it is clear to me why the SP is hovering around here. Some would argue it is overvalued considering we don't have confirmation of any orders . I can tell you for a fact and irrespective of alleged market manipulation, if those orders don't come in PI's could lose it all. An outcome I cautioned people to be comfortable with.
Out of genuine interest - can you link the beaumont scandal - I have spent a while trawling the FCA website and their notices section and the only mention I can find relating to Beaumont doesn't appear to be a market manipulation notice.
Well said Tricky. If not manipulated it has been controlled at the very leas since October. Remember the idiotic 30%+ drop on Pfizer news in early Nov across all AIM covid stocks. All the nonesense drops relating to the GLP & then Deeks & the Guardanista. And over the thast 8 weeks controlled in a 80 to 100p range. The MM have been ringing their cash till in that 56 month period.
Hey ho it will soon change.
Everyone knows that Mardler. The mid price in relation to the price at the time is a reasonable guide. I ain't uneducated at all. I am sick of being told there's nowt to be done about market manipulation as this guy claims.
Fury, if you are still reading remember the example I gave. When the FCA came for Beaumont they came without warning. Dawn raid mate. People went to prison.
Tricky - you say you have lost count of the number of times the share price has fallen on good volume with more buys than sells.
Do you realise how these figures are compiled?
It is Market Rules that only the trade price is reported, not whether it is a buy or a sell.
The buy/sell volumes are computer generated guesses compiled by sites like this based on the mid price at the time they were reported.
Hence they are totally untrue and unreliable.
If you are basing your complaint on these figures you are just making yourself look an uneducated idiot, no offence intended but you need to know what you are talking about.
Interesting that your first post ever FuryusOne is a response to someone posting that they were tired of manipulation on this share. A matter that has been commented on many times on this board by others who are more experienced than I in the ways in which the market is managed.
I haven't linked you sharing one legal challenge to the share being manipulated. I referenced the Beaumont scandal as a counter to your assertion that the FCA won't act. They will and they act decisively if they find evidence.
I haven't said I am a master of anything. You are misrepresenting me for sure. I am intrigued as to why?
The link I made about the crash was the fact that the first response from those who caused it was to blame everyone but themselves. Your suggestion that retail investors should suck up market manipulation because we have invested in Aim is outrageous nonsense. Your attempt to belittle me is a little bit desperate. I am submitting a complaint. And I am advised that others are doing the same.
Already have , I believe Fury works for the MM's its very transparent and confirms the share is being managed/manipulated.
Tricky - thanks for your reply, in order for me to adequately address your conjecture ridden diatribe can you please confirm that the summary of points I have provided below is correct? I'll afford you the level of respect you didn't for me by not misrepresenting you:
+ Because I haven't ramped/deramped on a BB I am "obviously not an ODX investor"
+ The fact that I provided factual evidence based on my experience as a compliance professional "absolutely endorses that this share has been manipulated"
+ By you having "been invited to submit case studies to the FCA for consideration." you are now a master on market manipulation? Out of interest what happened with those case studies? Did you hear back or was it more "lip service"?
+ "The idea that if you invest in Aim you deserve to 'lose it all' is a narrative straight out of the behaviour behind the financial crash." Firstly, tenuous link between the crash and AIM but I'll run with it...conversely I would argue that dragon chasing without the knowledge that you could lose it all is more aligned to the precursors to the financial crash. In an attempt to simplify 2008, the crash was born out of irresponsible lending due to low interest rates, as the rates rose mortgages could no longer be afforded, consumers tried to get out of the mortgages by selling their property and this started a supply/demand crash. This in turn, meant negative equity for homeowners who were now locked into mortgages and therefore couldn't move. In an attempt to make sense of your tenuous link does this scenario sound familiar? PI loses X amount on AIM shares (probably from reading ramping posts on BBs without doing their own research) - chases another AIM share to recover loses, that ends up in the red too - so chases another AIM share and so on. This isn't as a result of market manipulation - it is the consequence of high risk, high reward investing on the Alternative Investment Market...the clue is in the name. I suppose it is easier to disregard my risk as much as you can afford to lose and do your own research warning to support your narrative though.
+ " I have lost count of the number of times the price has fallen with good volumes and more buys than sells." - if it was as simple as that do you not think the FCA would have automated checking rather than relying on disgruntled AIM investors submitting case studies?
Have you considered investing in a tin foil manufacturer? I've heard their products make for good hats.
The only manipulation we can clearly point to is the pump via twitter before the directors sold
Trickymatters stop your moaning. ODX are where they are because there has been no major orders . To suggest this share has been manipulated proves you know absolutely nowt what your on about. Put a sock in it fgs.
The FCA will and do look into Aim manipulation. They shut down a major broker for several Aim shares in 2018 because of market manipulation. The idea that if you invest in Aim you deserve to 'lose it all' is a narrative straight out of the behaviour behind the financial crash. We aren't in a casino. We are investing in entrepreneurial firms. That is the risk we have chosen. We have not chosen to get ripped off by market makers. Your post, FuryasOne, coming out of nowhere- obviously not an ODX investor but you have responded quickly to dissuade complaints, absolutely endorses that this share has been manipulated. I have lost count of the number of times the price has fallen with good volumes and more buys than sells. I have been invited to submit case studies to the FCA for consideration. You turning up out of the blue has motivated me to submit ODX as an example for FCA investigation. I suggest other investors do the same.
Compliance professional here - given that the FCA are being referred to as the FSA and the fact that the FSA (sic) have always kept a safe distance from AIM (for obvious reasons) - I'd say this is shenanigans from OP or, on the very slim chance that the FCA replied to OP, lip service at best.
Below is a link to the latest market manipulation decision notice - take note of the timescales needed to bring about enforcement action, the notoriety of the firms Corrado was manipulating stocks on and the method of manipulation he employed. If the link is blocked google "FCA Corrado Abbattista".
If anyone thinks that a disgruntled AIM trader is going to be the eureka moment the FCA required to start supervising MMs transacting on AIM - I'd suggest you stick to the FTSE250.
This may seem a tad blunt but it is needed - on every BB there are complaints about MMs manipulating stock within AIM. Does it happen? Potentially, but you need to ask yourself why you're in an AIM stock. The only legitimate answer is for the quick multibags. That level of reward carries an equal and opposite level of risk, the echo chamber of nonsense needs to stop. Get comfortable with the fact that whilst you're here, in AIM, you will either make a load or lose it all and when it doesn't go your way you learn and move on. The fundamentals always remain:
+Only risk as much as you're willing to lose; and
+Do your owning effing research.
Anything else is noise.