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Thanks :) I think I must be going nuts ..... Boredom at work I think is killing me
The last comment was to you dude not to the broker? I was asking if it is normal for MM's to restrict the buying or selling of shares or would this be something illegal unless of course there was a genuine shortage of stock say. Just trying to understand the process. I like a sarcasm :)
Hay dude, Check this conversation I have just had with my broker: Hi James I have a limit order placed on syg and am wondeing why it is taking such a long time to fill. i know i am in a queue but it has been hours now James : ok one moment please and the buy price at the moment and has been all day at my limit price James : I will go speak to our dealing team, I will be a few minutes ok dude James : Ok the dealing team have said that the order has been part executed James : They have got 5000 at 16pence James : however the market makers were not able to offer any more at that time, so the order has been left to try and fill throughout the dat The MMs are having a laugh man. Do you think this is something worth reporting to the FSA?
I have this morning placed another limit order of £5200 which still has not been filled at my limit price of 16p which is the current buy price. If it does go through I will have a £16000 holding.
http://uk.reuters.com/article/idUKPTIP35695620090911 Company Results: * Buy AJ Mucklow -- Speymill Macau Property -- Raven Russia -- Concurrent Technologies -- Steppe Cement -- Brady -- Mattioli Woods -- Medusa Mining
This looks very good now. I was hoping to see some news like this to confirm what we already knew. Back to £1.20 at some point and hopefully beyond. Sit back and relax now dudes.
‘After the quick and painful price correction for the Macau residential real estate market towards the end of 2008, we are now witnessing an increase in property transactions and a rebound in property values.’ Speymill Macau’s board said it had no plans to change Speymill Macau’s strategy. It said it would seek to optimise its portfolio and any new purchases would need to ‘reflect the prevailing market conditions.’ Read more: http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3148233&c=1#ixzz0Qo4tYOeM
Speymill Macau reports minor valuation drop 08:49 | 08.09.09 By David Doyle Speymill Macau has reported a portfolio decline of just $1m in its first results since the company’s board was ousted at an extraordinary general meeting on 1 July this year. The board was replaced by representatives of major shareholder Worldwide Opportunities Fund. Speymill Macau said this morning that it had net assets of $126m at June 30 2009, compared with $127.4m at 31 December 2008. It said that on a like-for-like basis its net asset value had risen by 3%. Interim chairman Howard Golden said: ‘While the uplift is modest, it is a significant achievement for the company in such a challenging environment and represents the diversified and defensive nature of the property portfolio. ‘Excluding Nam Van Peninsula, which saw further declines in its valuation, the company's properties increased in value by an average 1.8% in the six months to June 2009. ‘The rally over the past six months in the global stock markets, particularly in China and Hong Kong is indicative of the recovery that China's economy has been experiencing. ‘In particular, the recent return of IPO and M&A activity in Hong Kong and China shows the improving market confidence in the region. ‘After the quick and painful price correction for the Macau residential real estate market towards the end of 2008, we are now witnessing an increase in property transactions an
You will not be disappointed my friend. Be patient though as I would not be surprised the market weakens for the next 2 days here in. Look to the end of september by when I am hoping to have doubled my money. I am in at a price close to yours 15.35 average. Currrently have just over 10k in money invested.
Hay dude I tried buying without a limit order first and would not let me buy anything. I couldn't even get 1k worth so I decided to go for a limit order of 4k. They only managed to fill 5000 shares of it., but yes as the price went up slightly perhpas that restricted them, however they had at least 2 hrs to fill it in the morning to buy at my limit price.
I mean hard to purcase. I had a limit order in place all day and still only managed to get 5000 shares extra
I think this will more than double once the news is out. A sleeping giant. I have put an initial 10k investment in last week and tried to put in another 10k today but they were really hard to find.