Member Info for Ash68

Yes, manipulation and corruption by those in the circle of trust. I can only hope that one day, the regulation authorities catch up and weed out with those responsible for these rogue trading practices.

This drop is absolutely ridiculous and makes a complete joke of the market. We might as well all go and bet on the horses! Does anybody out there with any power to influence really care about these manipulations? Cameron is currently barking on about closing the loop holes on foreigners laundering money through the London property market. What is the difference here?

I agree as well. The AIM is a complete shambles and has been for a long time at the expense of companies like Globo although I really don't understand why it has to be this way. When George Osbourne changed the ISA rules to include shares listed on AIM a couple of years ago, you would have thought this would have been a catalyst to tighten up the regulation around the market to ensure there was a level playing field between private investors, traders and market makers. However, the professional abuse that is rife on this market is clear for all to see. I am not really sure if it is ever going to change. However, the ball is in the court of the Government and the market administrators to clean it up and until they do, the manipulation and market abuse will continue, sadly at the expense of private investors.

You said it

I guess the dark forces would certainly like to think they are controlling the existence here and now. They may be temporarily winning the battle through shady methods but make no mistake, winning the war is whole different ball game. I am surprised you have not tried to tell us all yet that Globo is in fact worth only nought p because your chart says so.

In a perfect market, share prices should reflect all company news in the public domain. Zigs and zags as you refer to it are simply movements created by market speculation and hype. Unfortunately, Globo's share price has not modelled a perfect market for a long time because the price has been heavily manipulated by the dark side of the force. The light always triumphs over the dark side in the end although what doesn't help is the fact that the AIM market is like the Cantina Bar on the planet of Tatooine where anything goes.

I rest my case.

The latest short position on this company shows that Ennismore is now shorting over 4.36% of issued shares whilst MSK Capital is shorting 0.69% and TT with 1.03%. This is a total disclosed shorting position of 6.08% not including any individual short positions that fall under the radar for disclosure. Unfortunately, this company's share price (and this bill board for that matter) has been manipulated by shorters for so long now, I think even the shorters have forgotten why they are still shorting this company. Ennismore in particular have had it in for Globo for a long time now despite the fact that there has not really been any real new stories for Ennismore to justify their position. The shackles will be lifted eventually and so I am happy to wait, for years if need be although something tells me I won't have to wait that long.

Same old chartist theory mind games rubbish being spouted from you I see. I guess a leopard doesn't change its spots.

Thank you for that useful insight MrBB. All I can say to that is it is a good job you are not involved in the negotiations to find a fair solution for all going forward within Europe. There was no real news yesterday of progress in talks although that may have been purposely orchestrated to give the German Chancellor time to go back home and discuss Greece's new proposal with her fellow MPs in Germany without any biased pressure from the media. At the end of day, both her and the French President would need approval from their respective governments to agree to any final plan. Hence, why I believe the markets have not dropped off a cliff today.

I agree. This whole Eurozone debate is completely superficial since if Greece ends up surrendering to Germany's draconian austerity plan, then the Greeks will simply over time just move to other European countries for a better quality of life which doesn't really solve anything. Whilst it is obviously a bad situation and mistakes have been made in the past by all, the Eurozone is where it is and a sensible plan is now required that will avoid previous mistakes from being repeated i.e. conditional debt relief whereby Greece can expect substantial debts to be written off if they can prove over time that they are committed to implementing European polices that if applied strictly, will encourage economic growth without hardship for the Greek population.

Enough said.

To coin your phrase Sebwood, it is the same old usual guff that shorters come out with on days like today, either directly or indirectly. The Grexit situation really should not be baring any relevance on the share price drop today although sadly, the timing of today's fall proves only that this is still the main reason why shorters are still hanging around like bad farts to drive the price down.

Mate, All I will say is that every time there is a bit of negative news in the media or Ennismore increase their short, you always seem to appear like the magic shop keeper from Mr Benn. If you want to short Globo then fine, that is your perogative. Don't insult the intelligence of others on here though that are invested long by trying to write negative posts disguised as an investor who is long.

Jolly You do make me smile with the self conflicting rubbish you post at times :-)

I see the jolly shorter is still trying to convince us all that he or she is sitting on the fence :-)

There is nothing static about a short position and so in my view, it can be used to manipulate share prices and therefore surpress the share price. By taking out a short position, Ennismore are effectively agreeing to borrow shares at a certain price and return them back at that same price, give or take. It is then up to Ennismore to sell those shares it has borrowed on the open market in the hope that when they have to buy them back to repay the lender, they can buy them at a price that is much lower than what they sold them for. If the price starts to creep up, they can either sell a few shares they have already borrowed to depress the price down again or they can take out a further short position to sell a few more and manufacture a price drop. What is static about that???? Globo is no longer exposed to the Grexit depacle although shorters will continue to use this as an excuse to justify their actions. However, if we must keep using it as an excuse, it really beggers belief that the politicians running Europe are supposed to be intelligent people. Lets say the Greece votes for Germany's draconian austerity measures on Sunday. If I was Greek and living in Greece, I would say stuff it, I will use the freedom of movement rules within the European Union to move to Germany and get a job with BMW. Further still, I would use the money I was earning from BMW to start a chain of donar kebab shops across Germany until eventually, every member of the German public prefers a donar kebab over a spicy sausage after a few pints of Lowenbrau on a Friday night. In the mean time, poor old Greece that Germany is intently focused on screwing in to the ground becomes nothing more than an empty shell of a country with no population because the Greeks have all fled to the rest of Europe for a better quality of life. Deary me, where did Europe all go wrong to get to this stupid situation of the Germans being allowed to bite a nose off to spite the face?

...and yet still Ennismore keep increasing their short position. They really are a bunch of pessimistic cretins trying to milk this as much as they can. Once the whole Greek cyclical debt nonsense blows over after next week, which I am still 100% confident it will once the Eurozone leaders are forced through time alone to show their hand of empty threats in this game of poker, the Ennismore employees will be looking for a new job.

Globo shorters and market makers are so milking the news stories about Grexit as much as they can. The reality is, this will go to the wire before the Eurozone power politicians finally show willing to back down and agree to write off further Greek historical debt. The Eurozone power politicians may not want to show their hand before 30th June in the hope Greece will meet their demands but only a fool would think the Eurozone power politicians will allow Greece to fall in to the hands of support from the Ruskies at a time when cold war tensions are at their highest for years.

Well put MCCO and I couldn't agree more. It is time for members of the Eurozone to forgive and forget and move on from this tit for tat argument over spilt milk. What's done is done by previous governments, nobody can change that. The key to success of the Eurozone is that lessons are learnt from the past to avoid this kind of stale mate situation arising again.