Member Info for leedskier

this report maybe of interest http://www.zyen.com/Products/BECA/BECA_project_summary.htm

The European Union implements the Markets in Financial Instruments Directive (MiFID) on 1 November 2007. Article 21, “Obligation To Execute Orders On Terms Most Favourable To The Client” - ‘best execution’ - of MiFID states: “Member States shall require that investment firms take all reasonable steps to obtain, when executing orders, the best possible result for their clients taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order. … Member States shall require investment firms to monitor the effectiveness of their order execution arrangements and execution policy in order to identify and, where appropriate, correct any deficiencies.”

Using a 5 day chart compare IEC and TLW; meanwhile "NEW YORK (Reuters) - Oil rose on Friday, hitting an 11-month high above $77 a barrel on speculative buying as North Sea production problems and forecasts for rising demand tightened the supply outlook."

Maybe if the daily close of trading sp automatically diregarded trades reflecting, for example, less than 5% of the daily volume, it might reduce the volatility.

I think one can bet(with a small capital outlay)that the sp of a given share will move significantly(either up or down) during the course of the day. As this share is so volatile it appears that selling just a few shares below the ask price causes it to drop disproportionately. Ironically as the trades today demonstrate the shown sp seems to have little bearing on the actual price shares are traded at in significant numbers.

IEC is in top 6 risers in oil sector today. So it looks like the much hyped crash is not going to happen this week...hopefully it will not happen at all. Will the market want to turn its gains into cash tomorrow or is there to be a bull run as the market hunts for bargains?

maybe someone knows something we dont

1) there has been negative stuff in the Russian press about high taxation (which seems unlikely to be reduced any day soon) and is said to be causing stagnation in investment in producing new oil fields (why invest when it is easier to re-nationalise Western owned oil companies 2) a LSE listed gold mining company is under investigation for allegedly failing to meet targets; 3)however Lukoil is rising on the RTS today so this may explain the recovery by IEC in the last hour.

notwithstanding major gains by some oil companies

the way up...

"July 6 (Bloomberg) -- Crude oil rose to a 10-month high on concern unrest in Nigeria and maintenance of a North Sea oil field will curb supply as unexpected refinery closures cut fuel output." The New York stock exchange closed up on Friday night.

late in the day, there was frenzied activity in tha last hour of trading yesterday to try and support it above £12. quite the brokers lack confidence in this script (and sell it at a discount) remains to be seen.

but it seems that it will close at 1199

for those who are interested in Russian Stocks..you may want to look at this one...

yes I think I suggested [arrogantly]at 5.18 pm yesterday this might happen today...I just lost my confidence with this mornings' party games...good to know it is moving in line with the sector

yesterday afternoon; the problem with this share is one dares not take the dog for a walk in case it dies and is reborn

The irony is that I think that quite a large proportion of these shares are owned by the Chairman, Investment Banks and Funds here and abroad...maybe LSE250 listing in September will stop the yoyo effect. Given the current nervousness on the LSE, maybe even that will not help. It is little wonder that there is a flight to cash by private investors in the UK. To read the pundits, the general sentiment in the UK appears to be one of disappointent that the Dow Jones keeps propping-up the markets in the USA and thus preventing a substantial correction downwards over here. Is this to enable cheaper private equity buyouts?

The large purchaser in June was a USA Investment Fund

496464 shares were purchased on 25 Hune by one investment company raising its holding to 4.45%, yet the price does not move...as you say someone sells half a dozen and it drops like a stone...

Maybe it is just the sentiment arising from Sochi's successful bid for the Winter Olympics, general increased confidence,the rising price of oil or maybe annoucements of increased investment (or a combination)whichever, leading oil shares have risen on the Russian Stock Exchange, yet again...