Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
Spk - Fair enough, I can see how a day-trader looks at other things unrelated to the business itself (as that then becomes largely irrelevant of course) but I’m not one. I’m basically a LTH though that includes swing trading within that.
On why MMs are stifling trade I guess that’s where we differ as my starting point is that they are NOT stifling trade - it kills their own revenue. In my view it is simply a stock at the moment that there is not a lot of interest in and MMs seem pretty powerless to create it when it just doesn’t exist. They could of course try by increasing or decreasing stock sharply in price but the big risk for them is that they either end up with too much unwanted stock themselves (if go high) which they then have to sell at a loss or it dries up trade even further (if they go low) as no-one is willing to sell to them at such low prices - as you can tell, I’m not a great believer in the ‘tree-shake’ theory.
Hexam in that case you must be just about the only trader who doesn't look at range and volume.
Most traders, and Aim is massively skewed to traders, have a window of a few days or weeks at most.
I don't trade here, I trade where there is far more volatility, and there are many such stocks
Sounds riveting SCB, I'll swerve that one.
I day trade this (along with other stocks) have done for months Hexam. Yes averaged down similar to yourself to a good position so know the usual day high/low range. To a day trader volume is important so i do look at that. Why MM are styfling trade I don't know but that's what, on the surface, appears to be happening.
interesting book... sounds like it was written by a certain person here and the person reviewing it hits the nail on the head describing our buddy here.....
i'm still of the opinion he has been absolutely battered here and projects it onto other people here to try and feel better... sad but true.... hopefully he makes "a cool one million"...
https://www.goodreads.com/en/book/show/1561703
without a doubt one of the worst books i have ever read. the narrator is a pretentious ******* with zero redeeming qualities. the whole "story" is 95% him complaining about how horrible his life is while the other 5% is how horrible he was treated by the girl he loves (and by love i mean obsesses over, thinks about hurting her, and then condemns her for doing the same thing to him that he's done to countless women before with very little remorse). comparing this book to catcher in the rye and lolita is insulting to both of those books. i'm worried about the impressionable young adults who will pick up this book and think that this is a story of love and redemption. spoiler alert: it isn't
“There's no market being created Hexam that's the point.”
Why are they shooting themselves in the foot? It would be like BOOHOO stopping all marketing spend or doing anything else knowingly and deliberately to reduce sales (unless for the benefit of profitability such as small price increases perhaps or charging for returns).
I buy shares on whether I think they present value based on the quality and/or potential of the business versus its current price - not some psychobabble about what MMs may or may not be up to. So if (big if) they are playing such games then I wouldn’t be fooled by them and in it fact it would increase my chances of buying as it moves more into what I consider bargain territory.
It seems then that you are not one of the ones averaging down/topping up at these low prices. Oddly enough - I was :-)
I also never, ever look at volume. Irrelevant as far as I’m concerned other than to show relative interest or apathy in a stock. If there is any news/rumour of news then interest will rise sharply and so will volumes - regardless of that being good news (which will drive the price up) or bad news (which will drive the price down).
Why MMs would hold a price down anyway to kill volume seems strange to me as volume is mainly what drives their income.
Same MO light volume during the day then a sprint to 34p at the bell then a 1-2% drop in the UT where the auction starts at 34+ and ends up mid 33s….Paul Daniels could do what these jokers do!
"Or buying - despite the low price."
There's no market being created Hexam that's the point.
Bob on Bfd. Bit like stalemate.
Hexam if you saw a share being held in a tight range, with a slight down trend and you looked at the price action and volume, would you buy if you were a trader?
I certainly wouldn't
SPK the volume of shares traded here has never been so low as in the past couple of months. Current volumes are less than half what they were last year on average and we have probably seen four of the five lowest volume days ever in the last couple of months. I've not checked, but today could well be a new record low.
There is plenty of evidence that the volume goes up significantly when the sp does and there is no market now at these levels. Yet the MMs continue to do the same thing day after day.
There is only one reason I can think of why they do it and it's certainly not to create a market
Or buying - despite the low price.
"Wow 1.2m shares traded in trading hours and then a half million UT, it is beyond stupid"
Bfd that equates to circa 0.11% of the issued shares traded that's phenomenally low. MMs are keeping this under 34p for a reason yet no one is selling?
We'll see SCB when the financials are released.
Spk they must be writing about a different shein to the one that the fan boys here post about.... Surely? 😂....
The one here is invincible....
https://youtu.be/fXW02XmBGQw?si=eixBYT-a7n1WG3r8
Https://uk.finance.yahoo.com/news/could-investing-shein-ipo-isa-155000995.html
A fool article granted. But on this occasion I agree will be interesting to see financials.
FYI DYOR
"If boohoo don't report an improvement in this same period then I'm afraid John Lyttles employment has reached the end of the road...."
Not sounding to confident about the likely prospects then. Penny dropping?
Although i do think your posts A bit harsh there boasty about poor John, i didnt realise you had the power to control his employment?
So desperate for the last word.... Explains the 4am posts.
Be better if people stuck to talking about boohoo rather than trips to the fake District.
"Wow 1.2m shares traded in trading hours and then a half million UT, it is beyond stupid"
OMG you are STILL not banging that old manipulation drum are you.
Any ideas on just how deluded it makes you sound, trotting out the same excuse each and every day, yawwwwwn.
Welll go check it out then Boasty.
Its all there on the board from the man himself for you to read up on.
Topped up yet with that £50k?
About as believable as you only using one username...
"cool"....
Wow 1.2m shares traded in trading hours and then a half million UT, it is beyond stupid
It’s the same idiot x4
Daytrade don't you think you have embarrassed yourself enough for one day.
Next day delivery to one zip code, dear me, if it wasn't so sad it would be even funnier.
Let's hope you reach emotional maturity before your state pension although somehow I doubt it.
It's strange the whole not so fab four feel the need to swamp the board every time one of you makes a fool of themselves. Or is it themself, who knows.