Member Info for sense

Ok I am now officially lost and I am sure there is somtheing I am missing, which I am hoping can be pointed out to me. Todays news is good news as I understand it, was this not one of the problem contracts? So even if it is a loss it is now closed? I accept this was already factored in so price should reamian the same. I also know that buys to sell are not accurate, but generally they get the overall bit right. This is showing 10 buys to every 1 sell, and the sp drops? There are three open short positions. I understand that OAM are a technicals trader and can understand why they opened a short, the graphs etc will point to this going down as it reaches resistances, the news however is carrying it through. The other two I don't know about. Either there is a massive seller out there (worrying, unless it is one of the shorters having another go at bringing the price down) or is there something coming down the line? I'm just surprised by the reaction of the market, unless it is just consolidation after all the rises.I think it is March we are due to get the figures and I suppose we could now be waiting for those, I would just prefer to wait at the 160ish mark!

positions.... The better the news coming from Lamprell and even though the buying seems to be out weighing the selling on a daily basis the shorters increase their positions. There are now three companies shorting LAM, OAM (who have increased to 1.2%) Highbridge (0.7%) and Numeric have just joined the frey with 0.51%. So in total about 6.2M shares. my understanding is that the next resistance is 149 and support is around the 138 level. Can someone tell me how close to the golden cross we are? The good news is that someone is buying what the shorters are selling, surely eventually OAM must call a stop to their losses as unless there are trading this on a minute by minute basis and always getting it right I can't see how they are making money. The volumes we are seeing here aren't high enough for that many trades. With more contract awards coming (as I read Bonums posts) and he has been very acurate up to now we must eventually get a closing of the positions which can't be far off a short squeeze, as 6.25M is about the quantity sold in th last week. - Sheffield are you lending your shares out and then buying them back on the market before asking for your orignal shares back ;-)? As I don't see anything anywhere that warrents this level of shorting over the prolonged period, but then again I am just a simple PI and I don't understand the technical aspects of shorting other than sell high buy it lower. I am sure there are methods to shorting and recovering short positions that go wrong, if anyone knows them can they please explain the strategies to me. Thanks

Many thanks for your explanation and reading of the situation. It all sounds more promising than I thought. Is the 50 day crossing the 200 day in an upward trend the supposed golden cross? Lam is currently on my hold list.

131.8 is the magic number we need to close above. Can someone confirm if this is correct? We have had a couple of goes at it recently, and got above itduring trading but we are yetto close above it.

The smiley face was meant to show the comment was tounge in cheak, sorry if that didn't come across.

Before I bought some more at 122. ;-) glad you are back in wobbs. I look forward to us both making some money. I see cza has done well for you recently. Long may the good run contiue. I also see OAM might be getting cold feet as they have reduced their position to 1.19% as of the 17 jan. If bonum is right (and he usually is) the end of jan update should make their feet turn blue with cold and a short squeeze would always be bit of fun.

is 129 i think, followed by 144 (just 8 short of my double price) I hope we can get through 129 before the OAM short squeeze tkesus up o the 144 mark. But after this sort of rise surely we are going to need a breather at some point? Good luck to all, with the exception of OAM, who i think are sat on -£1M position, and will hopefully be getting worse tomorrow

Where did you get the oxford assets list of shorts from? I can't find it on the London stock exchange website. I assume they are still shorting, they must be looking to close that position soon.

The quantity of selling would suggest that the shorters have not closed out. I do not have access to level 2 but I am hoping Mr deep pockets is back buying again. I was looking forward to an Evokev posting today but it appears not to be. I see this a s a battle arounf 109 /110. This was the bottom of the last drop and is therefoe seen as resistance in the progression up. As i understand it if we close above 110, then we are likely to kick on again, and it will become a support line. If we close below it then we are likely to retrace back to the next support line (somewhere in the 90's) at some stage. I understand Oxford are a technicals trader, If they have an open short position they will try to keep it below 109, and they can only do that by selling more (or increasing their short) I suspect that is what we saw this morning. If they were trying to close their position, the buying volume would be a lot higher. A close above 110 could then see them trying to close their position which will then drive the price up. This is all in my opinion and could be total rubbish as I am not a chartist, but I am hoping for a close above 110.

EVOKEV... are you out there today? this news has brought the 109 barrier under pressure, hoping we can break it today and let it become support. Wobbly - I am assuming you got back in again after your sell - in which case many congratulations on your trading.

many thanks, I see we have hit the next resistance point 109 (according to london stock exchange technical analysis). The problem with this continued rapid rise is that we sem to be leaving support levels a long way behind. Not that I'm complaining at the moment :-)

Great posts and very informative, Where did you find theinformation about Oxford Assest management? - there use to be a shares on loan section on the stock exchange website, but it has now gone. Could your Mr Deep Pockets be Oxford Assest managment trying to close their position? Does your information tell you when they opened their position? IE can I work out at what price they started to short the share? As this will impact what they are going to be thinking about when itcomesto closing it.

98 is the top of the ichimoku cloud - I assume tis is what is causing the resistnce, breakout from which then shows no resistance above, although in relity I understand after 98 resistnce arrive at the 110 level from other charts. I am not a chartist so if all of th above is wrong please don@t shoot me down, just explain why I'm wrong :-). Stil someone is doing their best to buy up a lot of shares and get it over the 98 resistance.

do you still see the 89p line as the significant point that we need to close above? - as it seems to be trying!

that it was becauseit was featured in the Questor column today? Or it cold be more takeover talk! As long as I have been folwoing/ invested in this share there has been talk of a takeover on an annual basis. Takeover talked happened in 09 when th sp fell to 55p,it happened in 10 and 11 when the sp was recovering and people said itwas undervalude because of its pipeline, which it now transpires was poorly managed, and again it is happeneing now. The only thing that makes this one sound more fesable is that we have a CEO who is interim, who knows Steve Lamprell and has run the company before.He has come out of retirement to sort this mess out and the advantage is that if it is sold he will just be looking for abonus and to get back to retirement which means any company taking it over won't have a lot of senior management issues to contend with. Of more interest to me atthe moment is the ongoing FSA investigation - would love an update.

That was quicker than i expected it to be after yesterdays announcement. And I saw this one! This is the sort of shake up I was hoping to see in August. Back in, and with a much larger number of shares than when I left. I think the road to recovery has at least been planned now.

If this does get back to 55-60 pence level, I think it will be a good long term investment. I think there are going to be a series of releases now culminating in what else is found to be wrong in the company. Is it just me that missed the statement stating the chairman had changed 3 months ago?

I was hoping that the shareholder presentation in August would have been the start of the axe swinging and that a plan would be announced showing how the company was going to return to profitability. Sadly I think the inability to have done this is testament to the inability of senior management to get things changed in the business. It is quite clear that managers were aware of the problems facing LAM (as some sold their stock!) however it appears nothing has been done to rectify it (in my opinion it is unacceptable to have nothing in this 4 month period). Inaction seems to be the name of the game at LAM. I too have always been interested in Campdens posts, whilst he has usually been negative about LAM he seems to have predicted every LAM down turn about 3 months before it happened! If you could give us some clue as to where your knowledge comes from it would be appreciated.

After much thought, I have decided to take my medicin and walk. I think thins will recover in th future (2-3 years) but feel there are better ways of recovering my money than letting LAM manage it. - I wish you all good luck in here. I will still watch the news on LAM etc and may gt back in one day if things look like they will improve. However the lack of change at the top and the lack of directors buying in at this level )only 1) leads me to believe recovery will be longer than I am interested in.

Many thanks. I just hope this is the start of an island gap!