Member Info for BarcelonaBill

Whether he took a hit or not doesn't bother me. I just wanted to know that he's stayed in here.

From today's blog: Over many years I have seen some crazy things on the market but the bonkers Paysafe moves were truly..bonkers. Some blogger in the states probably immune from prosecution came up with some old stuff - Pays has changed since then not relying so heavily on one customer. However fear works in the markets and the shares duly tanked. Personally I think all the trades made on the fateful day should have been cancelled as it was an unfair market. It was very clever to pick a share to short that although in the 250 wasn't so liquid so could easily be hit. Anyhow, I saw the fall going on and sold some (didn't know why but my policy is to get out and ask questions later) - they then fell massively - on finding out why I determined easily I should get back in. Sadly I missed the crazy bottom which was a shame (tea and toast had called) but I bought the ones sold back. And I played with it a bit, buying some back then selling a few times to bank some profits. I can't mirror this for the site so tempted to leave as it as in the end I did hold onto quite a few. This was an unusual case for me, averaging down rather than dumping the lot - but it was an unusual reason so I feel fair enough

@GS - as you probably know, my comment about a WPG bid was a totally tongue in cheek comment aimed at teaching shorters a short, sharp lesson. It would never work as these people are professionals who would have this remote possibility already calculated into their actions. I have no doubts at all that the markets are rigged and we small investors are just a game to the big boys. Anyone who believes any different deserves to lose their money in this game. We just try to pick up the scraps in the best way that we can. We latch onto shares like this, reading between the lines, making relatively small gains as we go along to keep us happy. MMs are far superior to us in the psychological game and play it totally to their advantage. Once again, anyone who believes different will, and deserves to, lose their money. Nobody should believe any different. Read between the lines to make money in this game, and it is a game which is why you don't play with money you can't afford to lose. It took me years of painful lessons to learn this. I'll still get burnt no doubt but nowhere near like I used to. I'll be taking some profits from FXI in the new year following results, waiting another bid on ETO, reaping the rewards here no doubt for the umpteenth time along with, hopefully, profits from some smaller holdings that I have. All this is IMHO of course. You know, I stopped losing money when I stopped listening to other people!

I think this is a prime example to show people who believe that the markets work on a supply and demand basis. It doesn't, it works on sentiment. I will ignore yesterday's buys and sells as the SP moved so erratically that no computer could tell which were sells and which were buys. However, today's SP has moved a lot more slowly and I give better credence to the buys and sells shown. If true, there has been solid buying throughout the morning. 1.5m more buys than sells, yet the SP is only 0.5p up. Why? Certainly not because of demand in this case.

The problem you have is that these types of shorters are based abroad and, like cold callers from Indian call centres for example, they are outside of the laws the UK has introduced to stop them. Therefore, the only people able to stop the practice is the MMs but, as this activity makes them shedloads of money (regardless of what happens to the SP), they're not going to do anything to stop it. You can't pass any laws to make them as they will say that they are only reacting to market forces. I remember years ago when petrol prices were escalating alarmingly that someone came up with the idea of shunning one particular garage group, Esso I think it was, on the supposition that, if no-one purchased petrol from Esso they they would have to reduce their prices to encourage people back and others would then have to follow. Whether small investors refusing to deal with one Share Trading Company would have the same effect causing them to put pressures on MMs I don't know but something has to be done in these extreme cases where downright lies cause this type of panic and over-reaction.

I would dearly love WPG to pop up with a cheeky bid right now, say 420p. That would blow the shorters right out of the water. Teach them a good lesson!

Has anyone read the IMPORTANT MESSAGE from the FCA shown above the share chat? It reads: Important Message from the Financial Conduct Authority Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison. Taking into account what has been written today to cause this chaos who the 'F' are they to threaten small investors such as ourselves with any such action or penalties??? If you feel that you have any concerns or queries about market abuse I strongly suggest that you 'click there' and report it. Not that it will have any effect whatsoever but, for those of you who feel ripped off after today's debacle it may make you fell a little bit better!

You've made some excellent trades there GS. If there are shorters about then they're unlikely to get any better deal than this morning. I'm expecting a sustained rise now through to results in January. As I said, the inevitable profit taking will make it a bit of a rollercoaster but I really cannot see any downside at the moment. I may be wrong, having made many mistakes in the past, but today is easy money. If you have confidence in a Company then buy when you think you should be selling! I'm just glad this happened today and not yesterday when I was travelling.

Hi GS. How's it going? All good by the looks of it. I wacked as good spread bet on at 250 so well up already. Funnily enough I was reading NT's book Trade like a Shark on the plane last night. Emotions all left to one side to do 'business'. Logic tells me that this shouldn't be a fingers crossed trade. Like you, never thought this would happen especially to a FTSE 250 Company. BOD has to come out with an RNS now, surely?

GLA. It's going to be a rocky ride back up. Lots of profit taking to be done on the way.

http://www.investegate.co.uk/photo-me-intnl---phtm-/rns/half-year-report/201612090700073812R/

When withdrawing its last bid ITVs statement included: ITV continues to believe in the strategic logic and potential benefits of acquiring eOne but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence. It appears this value is different to the level at which the Board of eOne would currently engage in a more formal process. ITVs SP has been on the wane of late so I would not be surprised to see them knocking on the door again sometime soon before this recovers. We know that at least one major shareholder supports a sale of the business so if the price is right there could be some action here.

Who thinks that ITV are licking their lips and preparing for another assault? And at what price? 300p+? Still cheap IMHO

Apologies, you are correct. 17th it is. Nice pay out though, 6%

Back in today as I feel that the sentiment has changed for the better. (Famous last words?). I would have thought an RNS would have been released stating the old 'we are unaware of any reason for the drop'. I still have major confidence in this stock and the Directors.

Probably because it goes Ex-Div on Friday. Either people selling up thinking they've qualified for it or those getting out expecting the price to fall by more than the value of the dividend.

.... on the BUY button. I thought this had passed through the trading stage and had become an investor's share but obviously not. With some sort of trading statement expected next week a quick 6-8% maybe? (USA permitting)

'The Group's steady progress has underpinned a strong FY2016 financial performance. The Board anticipates that revenue will be in line with market expectations and, despite the significant planned investment in the marketing and promotion of Fusionex's products, EBITDA is expected to be significantly ahead of market expectations.' http://www.investegate.co.uk/fusionex-intl-plc--fxi-/rns/trading-update/201610240700072338N/

Final results are to be released on 18th October according to the Investor Relations page on their website @GS. (FXI due around the same time, Happy Days!)

The sleeping Giant arising? Looking forward to a rise in the run up to results here.