Good morning, tuckupp. As we both know, there are a many who appreciate your weekly injections of humour here, and I very much doubt that you intend to deliberately cause any real offence. With that in mind, it would be a good thing - and I’m sure appreciated - if you could be rather more circumspect with some of your subject matter. And choosing not to perpetuate tired, old, offensive and racist stereotypes would be a good place to start.
Dunno why you’d bother with the trades tab here. It’s invariably lacking detail and of misleads people with inaccurate buy/sell determinations. If you want accurate trade data, why not look on the exchange itself?
“ Large spread indicates MM's reluctant to trade - any trades - they take the 5% - bookies never lose.” —— Whilst Market Maker prices will have a bearing (they are on the order book after all), a large spread in a SETS traded equity will more than likely mean little more than a lack of liquidity. And as far as Sirius is concerned, perhaps that should not be too surprising. In recent terms, yesterday was a pretty high volume day, so it would be reasonable to surmise that perhaps some of the less sticky shares changed hands then. So the spread today simply reflects the amount any buyer is hoping to pay to hoover up Sirius shares , while the offer tells us how much the stickier hands will need to loosen up.
Don’t think MMs are having much input whatsoever personally. Perhaps someone with looking at L2 can tell us who is currently top of the bid & ask?
“as the EU shackles will have been thrown off.” ——- If you could clarify what exactly these shackles might be, how they work, and demonstrate how you perceive that they might currently be holding us back, oh.. and hopefully offer some conjecture outlining how you can realistically conceive things being any different post any Brexit scenario, then, I’d be delighted to read your thoughts.
Failing that, I guess I’ll have to conclude you’re just banging a typically empty anti-EU drum without really knowing much about it. And - as ever with such things - making plenty of noise about it.
RE: LinkedIn post from DMC just now...19 Nov 2019 08:18
“If that is real news I would expect to see the SP rise today in preparation.” ——- Why? From my perspective I see little more than an industry specific showcase of the latest designs, processes, equipment and methodology involved in sinking a shaft. I doubt there will be much to glean of any significance pertaining to Sirius that the company haven’t published themselves. And I am certain there won’t be anything to take away that will have any relevance to Sirius as a company, its financial position or its plans.
If the tech aspect inspires you then that’s terrific, but, unless Chris Fraser pitches up to announce we’re fully funded, I wouldn’t think for one minute think that the share price will bat an eyelid.
As amusing and harmless and as it may be, isn’t it these sort of guessing games - and the lighthearted and perhaps superficial approach that they suggest - just the sort of thing that exercises cynics and naysayers, thus leading them to contribute in the manner so many are expressing great relief from reading?
RE: Initial Scope Funded By Christmas13 Nov 2019 21:17
“Been around these bulletin boards sufficiently long enough to spot the different motivations in a flash.” —— Lol. You assert that you can divine another’s motivations, yet, you still haven’t discovered how ‘A’ trades are matched?
“Low denomination trades that are uneconomical to conduct are normally associated with MM codes. (The internet is laced with an abundance of articles on it.)” ——- Lol. Again. From adults in nappies to ‘salad fingers’, the internet is laced with all sorts of things (even people pretending to be someone else), are you seriously offering this as mitigation for such ridiculousness?
“Check out the last half hours trades in their entirety and you will see where I am coming from.” ——- Nope. Still not computing. Any other suggestions?
RE: Initial Scope Funded By Christmas13 Nov 2019 17:53
“Code 2 at 16:18 and the closing UT price and it's impact on the final mid price lets you know who is in part behind the last 2 days goings on. Trading pattern today also hints the bulletin board is being monitored..” ——- If anyone can explain what this means, it would be appreciated.
Quite understandably short positions will always provide a source of interest or fascination to long holders of equity. And because such positions are invariably taken by financial professionals who it is commonly assumed will know what they are doing, they are often used as ammunition by a company’s detractors to underscore whatever negativity it is they are espousing. Additionally they can become source of concern to shareholders leading them to question what it is they might have overlooked or might be missing. With that in mind it is worth noting that Citadel increased their short position on Friday by selling something like 10million shares.
Guess they didn’t know we’d hit the 4’s and still manage to hold in the 3’s the very next trading day then?
From this we can hopefully take two things. One, that when third parties are not involved the good ship Sirius appears to be a little more watertight than usual. And two, the hedge funds going short don’t know everything either.
The first whiff of positivity in weeks and you come up with this? Why on earth would you start a thread with such a title? After all the baiting and petty recriminations, for God’s sake why? Won’t you ever learn?