Member Info for mfdoom

I think this often happens with buys showing as sells, just down to the algorithm that works it out and with the spread always changing on this share, it's often wrong.
A lot of 1M trades going through this past few days, which I think have all been buys, personally I think we will break into 2p territory before Friday, but lets see what happens.

Blondeamon, I assume you are referring to the original post by Pokerchips? That was the useless statement.
I tried to balance things by pointing out that it simply wasn't true and pointing to the lack of increase in buying volume, alongside the continued downtrend (which if you look at the charts, we are still firmly within).
I am looking for a reversal in price that breaks out of the downtrend, backed up by some decent volume which will signify to me that the bearish momentum is turning bullish and that it is time to buy.

Optiobotix is another diet fad product...First ingredients are Fructo-oligosaccharide, glucomannan, chromium picolinate - do you really want to be putting these highly processed ingredients in your body everyday? Much easier to just do a plant-based diet that is far cheaper, healthier and more sustainable, without having to spend extra cash and become dependent on this product which is obviously going to be bad long-term.

"sellers now scrambling to buy back their holdings by the looks of it"
Seems like a very over-optimistic statement! I was a seller a few weeks ago before the report, but still on the sidelines and intend to stay here until I see reason to buy back. There's absolutely no buying pressure right now- price is looking pretty weak to be honest and i wouldn't be surprised if this downtrend continues.

Sell volume has really dropped off now, it is looking very likely that we have reached a bottom and I have started buying large chunks here. There is still risk, but the upside is easily great enough to justify buying- if the shorts start closing out or if we get any half-decent news, there will certainly be a squeeze upwards by a good way...Fingers crossed eh!

"I am pleased to say that I am one of the 21% as well!"

Well done to yourself for being one of the few to win. However, calling the other 79% who lose money 'idiots' does come across as a bit arrogant and harsh. You don't know the background of these people and as IG have been advertising all over the internet and then not really educating people properly about the risks, I do think it's a bit irresponsible. Essentially IG have been selling a risky and addictive product to the un-educated, which isn't quite on the level of the local drug dealer, but equally is not really doing society a favour - a certain percentage of users will almost certainly become degenerate gamblers, with consequences to families and others...

Anyway, I am still short and will be until the next earnings report, as my bet is that the 79% of losers are betting with smaller stacks and that the majority will probably stop doing so since these margin increases.
On top of that I think Steve may be right that IG probably do not hedge every trade - I know if I were in the business I would have invested in creating an algorithm to analyse the risk of each trade and only hedge the larger trades made by the better traders!

I am not so sure- I think Plus may actually get a lot of new customers since the regulations, as much harder to trade on IG now- margins are far higher than that on Plus. I actually bought in here earlier today and am short IGG, as I think there is more downside there, purely due to regulations. The majority of PIs on there just aren't going to be able to afford the margins now imo, especially the more amateur trader who represents the majority of their profits.

Nothing new in the report, what really matters is earnings since regulations which obviously aren't covered.
However, interesting to see that Plus500 (IG's main competitor) has dropped 16% today because of the same regulations - a definite red flag imo.
Expecting a similar pullback here before I think about re-entering.

Order book has changed from red to blue today, some solid buying going through, looking forward to some news here.

Good to see FML finally getting some recognition amongst investors, this SP has been suppressed for far too long IMO...Onwards and upwards!

Gasol coming through!!! Big news! If this proposal gets accepted, we'll be laughing! GL All :)

I think we may have news coming early next week.

Couple of 1M buys today even though they appear as sells...great to see the up-trend being confirmed, we could really see this fly if the bigger fish start to show interest...maybe they already have looking at today's trades! Good stuff.

Agree, pretty good to see another up day here, every other rise over the last year has turned into a spike with a sharp drop afterwards - this is the exception so far! I expect at least one RNS per month for the coming months and hopefully this will help form a new up-trend. With safe energy under high demand and the Chinese pushing for investment in Africa, I think this is a great play for 2011.

fill yer boots I say and would be doing the same if I hadn't already maxed out last month! stumped for reasons why this still ain't heading up!

Going to be a good year here I think! Good consistent buying, lots of 50k/100k buys over last week or so, very encouraging.

haha, no worries mate! I think we're all hoping for a sustained rise here and 4p would be just grand!! If we can break resistance at 1p then anything is possible, saw a decent volume traded today, hoping for more of the same tomorrow...fingers crossed!

Don't get ahead of yourself...Still need to break 1p before anything else!

"Gasol expects to make further announcements commencing shortly, and in the months to come" That's good to hear :)

Reassuring to see a familiar face here, think it's just me and you! Another good day today, will be very excited if we can break through 19p mark this/next week, things are definitely looking good here!