Member Info for icemax

Small correction, it's 10 mths of the price of 12 by annual subs, so that DD cost would be 48, same as AVFN.

Have one on me laallee. 12p here we come.

I'd stand in defense of both laallee, who is very far from being a ramper but instead is a sanguine, optimistic sort, as well as BigSci, who posts stuff that peeps might not want to hear but usually calls it right. I agree though, it's a shame that the special person has made the advfn board almost unreadable.

It seems to me that anything one posts here that looks less than positive is derided and shouted down, rather than engendering a decent convo - I excuse SS and Cars from that, as they are prepared to discuss differing views.

Probably not, those 2.04s look to be part of the Lombard sell. And I wouldn't get hooked into conspiracy theories over why they are coloured blue on london south east's system - they are rightly called out as sells or (mainly) unknowns on better platforms.

Well, he's been telling us that for 10 years, he has to be right eventually.

but, besides which, if you can't detect that - and the other 1ms - as sales in the pattern of trades, lordie. But anyways, back on filter you go.

cheesybits, stop being a cheeseskate, buy yourself a decent L2 like quotestream buddy.

Tried to buy a small few this morning, could only do so in tranches of £1k at a time, then low and behold goes to full ask, which was taken by others, followed by the 500k NT buy.

Lombard can sell their shares to any MM. As to whether or not it gets algorithmically reported as a sell or not, it depends on (a) the algorithm being used, (b) the pattern of trades on either side of the sell, and (c)| whether it was an aggregated and therefore delayed sell.

london south east has the worse algorithm, ever. Showing as a sell on quotestream, and which of course we know it is. *waves hello to the Lombard chaps*

Brutal

The MMs will hold positions on either side of the Bid and Ask. These positions aren’t totally transparent as you don’t get to see the real numbers they are holding, simply a block of 200k shares at a time. But as the positions change, say, there is a move from 1 or 2 MMs on 2.00p, with the others having been on 1.90p, to 3 or 4 on 2.00p then you know the momentum is upwards (MMs happy to buy shares). In conjunction with the speed and size of real-time transactions, you can take a judgement on whether a ST trade would be a good punt or not.

As (just one) example, when the icemax drilling ship was noted to have left las palmas, trades started to come in very quickly and the number of MMs on the Bid increased at the given price, whilst the number of MMs on Ask at the given price had dropped to one. When that one Ask goes, there will usually be the next move up on the Bid by one, maybe two MMs, providing at least a short window in which you can reverse out the trade if the momentum doesn't look like it will continue. I bought £20k's worth. After 20 mins, I could see the buys starting to slow down and the number of MMs on the bid starting to fall off to a lower price, so I sold. It was a quick in and out profit of 400 quid or so.

Now, putting in 20k just to get 400 quid out might sound not worth the effort, but it all mounts up, and clearly you manage your risk by only doing this under strong conviction, knowing the share.

The risks in trading bpc are too high for me right now, though I do hold a punt investment.

As said, unless you daily trade then L2 doesn't do a lot for you directly, especially unless you have and are prepared to use a decent size float, though having a decent platform in which you can set up a watchlist and monitor daily trades does help in your research of shares and monitoring their trend.

Still a lot to shift then.

Brutal, unless you day-trade or trade over days there is little to be gained from L2, other than an interest in the patterns of trade. On the latter, as Star says, it does provide you with more insight into the real pattern of trades rather than relying on the 'colours' you see, which are pretty useless.

The best platform is Quotestream, but that it's more expensive than LSE and requires a yearly commitment, so LSE is the best option if you wanted to explore. But, again, if you don't trade frequently I wouldn't bother.

kids, could we please stop this **** as it's really boring.

I like round figures.

Short answer -- 30% chance of tripling your money (or more) and a 70% chance of losing half of it.

EggChasger, we have the funding (for first stage development), not the funds. Not a subtle difference!

Cars, the current pressure is indeed from Volantis, and is the 7.5m placing. Given that they seem to be struggling to find a enough volume to sell into, it will indeed be interesting to see if BPC risks the Put against a declining share price. Of course, if by Weds they have positive insight into the drilling then they may choose to further dilute to support next steps.

Hi Lakesideman,

Any trade that is delayed in its reporting will be picked up by the algorithm as hasving been traded at the time of its actual trade, so it's 'colour' is pretty meaningless, though the fact that the SP is still under pressure due to the placing of the Volantis shares speaks its own story. As I have suggested previously, the reporting of trades as sells and buys will always be ambiguous for small volumes and a very tight spread, as has been the case here for the past few weeks, and can be ignored. Only the trend of the SP matters - that and you are invested in the drill, or at least the possible rise of the SP on rumour.

jdam, the role of volantis is to place the shares on the market, that is their job.