Member Info for sense

Assuming that this is the same rig as yesterday announcement. It clearly stated on schedule and budget. Please see the last 4 -5 lines of razors post. The bit I don't get is the drop in share price.

For what it's worth I think the recent rise in down in part to OAM closing their short position. It was declared closed on the 22nd October. I suggest the mm's were probably having some fun with the price as they started to close it. My heart goes out to the poor oam and the loss they have taken as the original short was taken out at 90p. The interesting bit will be if we can now hold this price with no news due. I hope so as I am now over 100% up from my restaking at 75p average. Sheffield - I understand your anger at the directors, but I do think it is time to let it rest (or take out a private prosecution) as itsnot worth the stress. It has been investigated (all be it incompetently) the board has been fired and a new leaf turned. Lam has not done you badly with 3 yeqrs of rises from a 60pish (I seem to recall) average. And you did have a big sell in the past at somewhere above 240. So by my reckoning you are still quids in as 150% in 4 years ain't bad with a big chunk to loose in cza on the side. I appreciate I may have got some of that wrong as its from memory over the years but is what I recall. Hope you enjoy the smithsonian. I have not been for over 30 years but I used to love it as a child. t over 240t

Nice to see but does anyone know what caused it? OAM are still declaring a .59% short so it was not them closing out. I also note there were some buys at 147. Which again seems odd given we have holing 143 for the last month someone wanted to get in.

Today's buying is the result of OAM closing their short position. We will find out in a few days as the fca register will be changed. Be nice if they do get out. Be a shame about the loss they will taken though.

Many congratulations on a great call. 4 out of 4 is very impressive. The other good news is that the shorters are backing off. We are only left with OAM and they had reduced their position as of the 3rd September to just 0.69%. Hopefully this will see them out. I can now see no reason for the directors not to buy (unless there is another order in the offing :-)) and would welcome news of this. Here's to a steady rise.

Please feel free to make any pun you want to at my expense in the future.

I agree it would be good to see. But in their defence, (and I am not sure of all the timescales) but I can understand them not wanting to buy in before the loan deals were agreed. That negotiation was sensative enough and they could not seen to be dealing during it. We then ran into the results (better than expectied) and again I don't know the time period they are not allowed to deal for but the two could overlap. Like wise they will not be allowed to deal if they are due to announce a second contract win (as in the know has predicted). So it could be some time before we see that buy in. It could also be the reason it has not happened yet. - Happy to be shot down as this is only a thought.

is it just me or have we seen this repeating pattern before - open high then tail off during the day. it is usually (and i hope i don't jinx it) the prelude to a rise. heres hoping

Very impressive predictions from in the know! 3 out of 4 have so far come good, I fully expect the 2nd contract award to be announced soon.. I am surprised that this mornings press release does not mention the value of the project. Please keep the news flow coming. Lam was also mentioned in the i this morning in positive light. Lets hope for a good few weeks and hopefully the announcement of a return to dividend at some stage as i think that will be the final piece that is missing.

Did you get back in? Hopefully the AGM should be more imformative than the last RNS! but I will be happy with banking covenants agreed by the end of June. We have had a trial run to 175 which is always good. At some stage are three shorters are going to have to buy back in. I note OAM have lowered their position to just under 1%. but I would not be surprised if these large moves in sp are to do with the shorters trying to get out with out loosing so much. Times to sit and wait again, although I suggest we will test 156 at somestage before we start to rise again.

Good question roach, and I'm guessing we all wish we knew the answer.My first statement to you is, never be upset you have made a profit. ( I assume you bought for less than 160). In answer to your question however it depends on the reason for the rise. If it is covenants sorted I'd suggest there is very little chance of a retrace to 156. However if it is just because some big sales have been cleared out at 150 then I suggest the chances are high. Over the 4 years I have followed/invested in lam I do not recall a single occasion where a spectacular rise has not within the next two weeks at some stage retraced to just a 5 percent rise. It is almost as if the mm raise the price to clear out all the buys and prepare the way for the next move. Personally I sold a third of my holding at 168, and have set a limit order for 158 to buy it back, but I am not sure I will have the balls to wait for it to go that low. Time will tell but never worry about selling at a profit, if I do not get back in it twill not be the end of the world as my holding averaged at 76/77. I just wish my other shares could follow the lam example as I managed one in the t ten today and one in the bottom ten!

My suspicion is that there is good news on the banking covenants and that it has leaked. Mainly because I can't see a new contract generating this kind of response.

Is broken, as was the next 156. wow what an afternoon. If we close at this sort of level we are pretty much free running as I understand it as the Market will then sort out the resistances. As of 9am there was still 2.2percent shorting this stock, let's hope for a short squeeze this afternoon. Intuitive to answer you earlier question, resistance is considered broken when the closing price for the day is above the resistance. However I would only consider it proberly broken if it is over a penny above the resistance and stays there for two days. This however has smashed it's resistance and will have converted at the worst the 156 into a support point (I hope).

this link should get you there http://www.fca.org.uk/your-fca/short-positions-daily-update . however if that doesn't work, go to the fca website and put short positions into the search box at the top.

sadly it is not broken. a very strange days trading - and then the late reported sell. there was no change on the short positions at 5pm but i think that someone is trying to short this at it is at the top of its range, they will probably get away with it as well. Still there has o come a time when the short 2% gives up the game. Newsis always good but i would be surprised if we are due any soon. Can't wait to see the back of 150 - it should be great supot if we ever get above it.

time to pass the 150 mark. announce the covenants are sorted, a few contract wins and we can all watch the remaining shorters scramble! (and while i'm dreaming....) Serisly though his is a sustained pressure on the 150 point, and the third time it has been under pressure in the last couple of weeks, lets hope it goes this time.

The pressure is on to break the 150, i don't see any selling to be suplying this demand, unless we are going to see a late reported sell. it would be great to get through the 150 barrier today. this is the third attempt in past weeks and there are still some large short positions open. come on lam, break the 150 - then announce the contract wins...

I hope you are right, and I agree it is unlikely, but they are currently looking at a million pound loss, so could well be looking at ways to mitigate that. I wiud like to stress it is only a thought.

Can't disagree with your logic - and the shorters are slightly reducing their positions. But 2.4% of the comapny is still shorted. OAM reduced their 1.2% to 1.16% on the 21st March and Numeric reduced their position by .04% at the start of march. but that is the most recent movement. It wouldn't surprise me if OAM are nottrying o buy some of LAM's debt so they can be in the negotiations about covenantsas that could drag down the price. Time, as always will tell

I didn't explain that well. The reason I am assuming there is a big seller is that the MM's have got enough stock to supply all the buyers and keep the price down otherwise I don't see where all the shares are coming from.