You still holding lawrence13???
According to the U.S. Securities and Exchange Commission , the definition of market manipulation is the “Intentional or willful conduct designed to deceive or defraud investors by controlling or artificially affecting the price of securities, or the Intentional interference with the free forces of supply and demand.” Basically, any action to impact the supply or demand for a stock and drive a stock’s price up or down by artificial means constitutes stock market manipulation.
The SEC views market manipulation as harmful, since the practice “affects the integrity of the marketplace.” According to the regulatory agency, financial market prices “should be set by the unimpeded collective judgment of buyers and sellers.” Anything else “undermines fair, honest and orderly markets.”
The SEC has warned market leaders that investors will “stay out of your market if they perceive that it is not fair and is subject to market manipulation.”
I think that would take time, more concerned about talks of ftse ban, but I question whether there's legal ramifications...
Definition of market manipulation: According to the U.S. Securities and Exchange Commission market manipulation is the “Intentional or willful conduct designed to deceive or defraud investors by controlling or artificially affecting the price of securities, or the Intentional interference with the free forces of supply and demand.” Basically, any action to impact the supply or demand for a stock and drive a stock’s price up or down by artificial means constitutes stock market manipulation.
The SEC views market manipulation as harmful, since the practice “affects the integrity of the marketplace.” According to the regulatory agency, financial market prices “should be set by the unimpeded collective judgment of buyers and sellers.” Anything else “undermines fair, honest and orderly markets.”
The SEC has warned market leaders that investors will “stay out of your market if they perceive that it is not fair and is subject to market manipulation.”
Any thoughts on where this is going??? I thought we might get a bounce, however I question with Moscow exchange closed yesterday whether people have organised to access our market or put in limit orders, i.e. could be Russians selling.
matarakz<< where are you getting your info??? This stock has been shorted for some time, you can see the current short position, which has actually reduced in the last month, now at 4.95%...
Anyone still left from the past 3 months is already down 50%, and has strong hands, we don't need this kind of speculation, especially if your a deramper....
just heard the Moscow exchange not opening today...Not sure whether this good or bad, guess depends on any peace talks.
Polymetal is sharing the pain; I'm sticking with POG it is London owned and might be smaller enough to avoid complex nitty gritty; Polymetal has about 11 mines, much bigger company but much bigger target if problems escalate.
sudnal<< what are you doing on this board if you don't think it's investible??? A lot of companies involved, big mining companies and chemical companies supplying critical components and elements that affect all industries; hence why they state sanctions on some but not ALL banks, because they need to pay for oil/gas. Russia can also cut off supplies of oil/gas, aluminium, nickel, palladium which will affect homes, car industry, general business, other economies and markets. Yes its a mess, but you can't rule out surprising scenario's; and as previously stated in a depreciating falling currency people buy assets.
I received an email confirming they are aware other companies put out RNS, they are passing my comments to BOD and currently assessing the situation and contingencies. I reiterated need for an update, we shall have to wait and see.
maestro1<< Back up your statements, stating something is going down is meaningless rhetoric...
Everything may take a hit tomorrow, but in countries where currency fails, sometimes the stock market eventually goes up as people look to get out of currency. DYOR
It might bother BP holders, it accounts for 1/5th of profits, so I wouldn't call it theatre...
Will see if it makes a dent in the SP, I've been waiting to buy back in for about a year now lol...
the walls are falling down around Putin, just out from my BP updates...
bp will exit its 19.75% shareholding in Rosneft.
Both bp-nominated directors to resign from Rosneft board with immediate effect.
bp will no longer report reserves, production or profit for Rosneft.
Changes in accounting treatment of Rosneft shareholding expected to lead to a material non-cash charge.
bp’s financial frame and distribution guidance remains unchanged.
The bp board today announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013.
apparently the isolation of Russia and SWIFT/sanctions will weaken the currency making everything expensive, in some countries where the currency/economy collapses the stocks have gone up as people buy something that will hold value in inflationary events...there is talk of reciprocation of asset seizure by nationalization, but you can't nationalize everything, so its speculative as to which companies would be targets; if in the meantime we can catch a bid that would be great!
drunkinftl<< agreed, the policy does not make sense with collateral damage to UK business as well; I am however confused whether the policy is because people don't know what their doing or is part of a hidden agenda...Again going back to a previous post on conspiracy, you can bet that the WEF are rejoicing at the prospect of more house repossessions (remember you will own nothing and be happy); but don't worry when you are homeless living in a cardboard box you can be grateful that people from other countries coming across in dinghies will be put up in 4 star hotels with free Domino's Pizza.
What are we thinking Monday will bring with SWIFT sanctions on major banks??? apparently there is an alternative slower transaction method Russia can use, and the UK/EU still need to pay for oil/gas. I can't help but feel some of these sanctions have not been thought through for impact on other economies, unless they want to cause a recession or there is another agenda...
Notice another short reduction on 24th Feb by 0.10% by Polygon, total shorts below 5% now.
I feel it is unlikely to affect shares, more likely senior figures and associated companies, Russia benefit from the dual listing on the LSE, the Moscow exchange is less liquid and trusted. I have also heard they can hedge there strategy by using oil/gas and stock market exposure (i.e. short/long the index accordingly).
That being said, whilst Evraz, and Polymetal basked in the glory on Friday, today's daily mail outlines the reason for Petropavlosk fall on Friday as sanction fears. So just to clarify all other companies in similar boat, but only sanction fears for Petropavlosk. This share is like a Stephen King novel or the shining, we really need the board to put out a compelling RNS, I've asked them TWICE now!
Superritch<< technically it is listed as a UK company. However, it is a bit unfair to stereotype all of Russia, this is the bias of media like with China or any other threat. Russian leaders is another matter, but you can't stereotype all because of the narrative; millions of people in Russia do you think they are all spy agent, cyber crime, rogues??? That mother with four kids, that charity worker, that doctor??? Understand how narratives are used...
Yes annoying, it can't seem to catch a bid; down 50% in 3 months, it is probably the worst performing gold stock in that period.
Every other company put out an RNS, maybe this suits the shorts??? Not that I'm suggesting there's some kind of accumulation or manipulation taking place...Interestingly marginal short reduction of 0.21% by polygon on 23rd, I find this interesting consideration the current environment.
Ben18<< This kind of rhetoric on a stock down 50% in 3 months can only be the words of a banker...
Eurasia up 72% on their RNS...where is our board???
Eurasia HL:
(Sharecast News) - Russian palladium, platinum, rhodium, iridium and gold producer Eurasia Mining responded to the latest sanctions on Russia from the UK, the EU and the US on Friday, issuing a statement in a bid to reassure shareholders.
The AIM-traded firm said there was no impact on its operations or activities, adding that no individual or entity identified in the sanctions was associated with the company "in any way".
Eurasia said it had no bank accounts with Russian state-owned banks, or any relationship with Russian state-owned banks.
"Eurasia's production from the operating mines is sold in the domestic market at prices with a market discount to the London Metal Exchange prices fixed in dollars, while the costs are mainly fixed in roubles, whereby a weakening rouble exchange rate has a positive impact on the bottom line of the company," the board said in its statement.
"The sanctions do not prevent the company from executing on its strategy as announced."
*the shares don't reflect spot
(wish you could edit comments)