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Thanks MUAS,
Very interesting if true. And cheeky.
My Halifax platform was not actually refusing to buy the volume I wanted, but instead displayed a warning saying I could only place a "Negotiated Order" at this time and would be informed of the price paid in due course.
I didn't fancy issuing an instruction effectively saying; "sell to me at a price that suits you" to an anonymous market maker, whether human or AI.
The reason given on screen was "may be due to market volatility or we are unable to obtain a quote for the volume of shares requested" which sounds pretty vague.
West of Shetland, a runcible sole
Saw a boat, above, with a hole!
From under it’s turret
Said; “there’s nothing else fur it”
“They’ll have to hang fire on their goal”
findahappyplace, today at 8:25am:- " Big buys, Small sells, this will be back up soon. This is simply a delay, they will learn from the mistakes and the next hookup will be a success. Now is the time to get in and hold "
SP at 8:25 am 43.72p
SP at close 44.74p
Good call.
"a lousy broker causes that"
You may well be right. I have recently opened a share dealing account with an actual, human broker. Haven't used it yet.
My experience of having an insurance broker, whom I can call or email to make arrangements, is far superior to any on-line shenanigans. Also good to have a pro acting on your behalf in the murky world of insurance.
Share dealing might be the same?
Winalot: " Can't seem to get a quote to buy 20,000 shares, have been trying for some time"
Aye, I had problems buying this morning. I had to break it down into 5,000 share chunks ( and pay £12.50 each time) to get a firm price. Annoying.
Wonder what causes that? Volatility? Lack of shares on offer?
IreneKrapp: "genghis, how will you know when they get a new rope ?"
From the Rope News Service of course!
Yesterday's BBC Radio 4 Programme about high frequency trading and it's impact on stock market. Might be of interest.
https://www.bbc.co.uk/programmes/b0bjzntv
A summary of some recent pearls of wisdom from poster "The Street". It would be a shame to lose these market insights:-
"With the current oil price Brexit this could slide a bit yet."
"I never thought the price would slide so fast"
"The price could slide until the AK moves back into position."
"I said yesterday I thought the price would slide"
"Hopefully the boat sails soon or the price will slide."
"If we don’t sail next week the price will slide further 40p"
"short term could get messy glad I sold out at 47p."
"The price will drop slowly I will buy back making xxxx free shares "
"if its as big as they think long term this could be huge. Ups and downs all the way hook up I am expecting 60p first oil 80p "
"We should get threw 50p soon with the hook up due very soon"
"blue skies I wouldn’t want to be out over the weekend 60p around the corner"
"I will sell as soon as the price spike is over. More free shares never knock em "
"Glad I have rattled cages pay backs a bitch LOL ?? "
"The price is dropping fast I got out"
"we will see who is wrong but be warned get this wrong and I won’t let you forget"
"I made 3% free shares last week a modest rise but it’s more than you made. I am not gloating "
"Not even 1 reply to the post I made this morning"
"With a high profile drop like this the investigation may be an HSE investigation it should be HSE reportable "
"There’s no point trying and the same can happen again if they don’t find the problem"
"When we had a weather delay the price sank? "
"Costs are mounting daily"
Sipp; "..it is a good indication as to how well researched many are here and how comfortable, albeit, frustrated, they are with their investment.."
---------
Agreed. And for avoidance of doubt, my post was meant affectionately. I, too would rather see some actual pictures of said rope, than any market pundit's analysis. No doubts in my mind that HUR is solid.
Jeez,
You can tell there's a lot of techy, mechanically minded folk on here!
Something goes awry with (for many of us) our major investment and rather that endless discussion about financial impact on shareholders, we have a LOT of speculation and detailed analysis of "the rope that failed". (Who knew that rope construction and usage had so many interesting facets?)
Reminds me of a complaint I heard from the wife of an engineer;
At dinner, she was lamenting to her husband about the truly terrible day she had just had. The car had been difficult to start and she was late for work, Then she had a bitter argument with her boss over a piece of work that she'd done to the very best of her ability, but had been given the wrong data by a colleague and messed it up.
During her lunch break she found out that some workmates had planned a girls night-out without inviting her because she was deemed "too cold, ambitious & pushy". When she sought sympathy from her closest work colleague, she became suspicious that she too was in on the secret night-out!
She asked hubby what he thought and he said: "What kind of noise did the starter motor make?"
OK. Relief.
So when's cheapest time to buy more? Today? Or wait until the impatient/fearful sell over next couple of days?
Also, a question; is it actual rope, i.e. textile? Would have thought wire rope much stronger but also less "give". Maybe the pulll-in rope is designed as a weak link, to break before the load becomes unmanageable/dangerous in an overload situation?
Anyway just another hurdle, no one hurt; "Hard work's easy" as my auld gran'paw would say.
Fidelio,
You can have mine for 55p...
A wee, Belgian "Tripel Karmeleit" for me (8.4% ABV). Don't want to drink on a Monday morning, so having it now just in case.
https://www.beeradvocate.com/beer/profile/202/656/
Bungle: "Nice for it to happen on the day of RT's daughters wedding."
Yeah. If she's anything like my daughter, he'll be reading a text on his phone saying "good news from Lancaster! We've latched the buoy" and she'll roll her eyes and say "Dad, no-one cares about your boring work stuff, get a life!"
He might just be a literal type of guy.
When asked "how long does the hook up take?", he maybe assumed the question referred to the shortest time between 1st catching the buoy line and then pulling the buoy into it's latching socket on the boat.
You could interpret the question in different ways; how long from sailing off to the field to latch up? How long to hook up and get systems ready for hydrocarbons. I don't think its a biggie. He wasn't trying to fool anyone.
Although us PIs are clearly “not wanting to be out of this over the weekend “, for institutions or short term traders it does make some sense for them to be out at W/E.
Losing investors cash is a worse crime than missing a profit by a day or two.
So, if there’s no good news on Monday or another snag, they will prefer to sit it out and wait and see I reckon.
For myself as a piddling PI holder I’m too afraid of losing out on a Happy Monday to even think about pulling my iron from the fire. HUR will hook up at some point, I have no doubts. “”Patience is a virtue “ as my auld maw would say.
I've had a bit of a rocky ride with VRS. Bought initially at 81.2p and then all the way up to 181p. (never really understood why that rise was happening and so shouldn't have bought into it)
When it fell from the 180p peak, I lost about £700- £800 before I bailed completely in fear. However, my faith in the management of the co. and the promise of their technology, skill and IP, led me to dip my cautious toe in the water again in late Oct. '18 at 113p. Just a few hundred quid's worth, but I like the story here and the promise of a revolutionary material.
So showing a 17% "profit" now and wishing I'd bought more. Thinking about skimming some profit from another holding to buy some more VRS. It does seem one of the better run companies on AIM.
Best wishes & good luck to all who kept the faith and had more wisdom that I. VRS looks like a "keeper"
Lady S. Just out of interest, did anyone ever make a steam turbine powered locomotive?
Casapinos, Thank you very much for taking the time to reply & share your thoughts.
Casapinos,
You appear to be a shrewd investor whose picture of reality conforms to actual events, a rare beast on BB's.
So, taking what you say seriously, I am a bit irritated at the thought of having to wait patiently for a "pay day" decided on by a handful of individuals.
However, it all depends on the sums involved. Of what order do you think a special dividend may be? Fraction of a penny per share, several pennies, approaching a pound, several pounds? Only asking because I have no clue.
And, I wonder what the SP would do in the event of a series of dividends being expected over a long term? Rise significantly? Or just a slow increment over years?
Any thoughts? ( probably unfair to ask for an opinion about actual numbers, apologies in advance)
( Hoping to buy a new, second hand, 4x4 for work that will pull 2 tonnes for mid summer, getting impatient!)