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For those of you that missed the pre-market activity this am, there were 50 shares traded at 64.50 on news of the deal with Puma. Contrast that to trading that happened on December 5-6 where a few hundred thousand shares traded and eventually wound up in a halt.
I am aware of this long running debate about how much influence shorts have over the pps. As recent as this past Friday there was a post proclaiming low volume is a by-product of management effectiveness along with several other examples which I disagree with. If management was so effective, there would be buyers and at a minimum some volume and trading activity in the stock.
Instead, this stock I am not pleased to say is manipulated on a daily basis. Today's pre-market was a signal of sorts to the "opportuniists" and their ilk. make no mistake, I am pleased with the news but until we get a wider audience, this type of thing goes on unabated. The point here was to keep pps at or under 64.50 and when it goes higher (which it did) the shorting begins to settle the stcok in a range defined by pre-market. This happens more often than I care to document or discuss. But be assured it is real.
This will continue as long as the stock has a small float and no buyers of interest (which I hope brings some new money into the company soon, like this week) Or something else is announced, dividend, split, aussie listing, singapore listing, drilling results.
Pretty disappointing when one considers that the refinery is only worth 1.33 a share as I type this.
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'Libtardius Maximus' pid='45984' datel Wrote:
For those of you that missed the pre-market activity this am, there were 50 shares traded at 64.50 on news of the deal with Puma. Contrast that to trading that happened on December 5-6 where a few hundred thousand shares traded and eventually wound up in a halt.
I am aware of this long running debate about how much influence shorts have over the pps. As recent as this past Friday there was a post proclaiming low volume is a by-product of management effectiveness along with several other examples which I disagree with. If management was so effective, there would be buyers and at a minimum some volume and trading activity in the stock.
Instead, this stock I am not pleased to say is manipulated on a daily basis. Today's pre-market was a signal of sorts to the "opportuniists" and their ilk. make no mistake, I am pleased with the news but until we get a wider audience, this type of thing goes on unabated. The point here was to keep pps at or under 64.50 and when it goes higher (which it did) the shorting begins to settle the stcok in a range defined by pre-market. This happens more often than I care to document or discuss. But be assured it is real.
This will continue as long as the stock has a small float and no buyers of interest (which I hope brings some new money into the company soon, like this week) Or something else is announced, dividend, split, aussie listing, singapore listing, drilling results.
Pretty disappointing when one considers that the refinery is only worth 1.33 a share as I type this.
Amen.....Here's hoping the new IR people will pay more attention to this activity that I also monitor daily and watch the crooks. A major effort should be made to get the BIG shorts out of this stock, because what they are doing is basic ole time manipulation......Iy's the big ones doing the damage.
fwiw, the old definition of manipulation by the rule books used to be "the artificial influencing of stock price behavior". Do you know the real reason for HFT? It's not, as the street would lead you to believe 'cheaper transactions", but the major reason it was developed was to MANAGE STOCK PRICES. Up and down, and make a fortune, especially when linked to option transactions also. Wake up America! trans
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'trans' pid='45985' datel Wrote:
'Libtardius Maximus' pid='45984' datel Wrote:
For those of you that missed the pre-market activity this am, there were 50 shares traded at 64.50 on news of the deal with Puma. Contrast that to trading that happened on December 5-6 where a few hundred thousand shares traded and eventually wound up in a halt.
I am aware of this long running debate about how much influence shorts have over the pps. As recent as this past Friday there was a post proclaiming low volume is a by-product of management effectiveness along with several other examples which I disagree with. If management was so effective, there would be buyers and at a minimum some volume and trading activity in the stock.
Instead, this stock I am not pleased to say is manipulated on a daily basis. Today's pre-market was a signal of sorts to the "opportuniists" and their ilk. make no mistake, I am pleased with the news but until we get a wider audience, this type of thing goes on unabated. The point here was to keep pps at or under 64.50 and when it goes higher (which it did) the shorting begins to settle the stcok in a range defined by pre-market. This happens more often than I care to document or discuss. But be assured it is real.
This will continue as long as the stock has a small float and no buyers of interest (which I hope brings some new money into the company soon, like this week) Or something else is announced, dividend, split, aussie listing, singapore listing, drilling results.
Pretty disappointing when one considers that the refinery is only worth 1.33 a share as I type this.
Amen.....Here's hoping the new IR people will pay more attention to this activity that I also monitor daily and watch the crooks. A major effort should be made to get the BIG shorts out of this stock, because what they are doing is basic ole time manipulation......Iy's the big ones doing the damage.
fwiw, the old definition of manipulation by the rule books used to be "the artificial influencing of stock price behavior". Do you know the real reason for HFT? It's not, as the street would lead you to believe 'cheaper transactions", but the major reason it was developed was to MANAGE STOCK PRICES. Up and down, and make a fortune, especially when linked to option transactions also. Wake up America! trans
This "managing of the stock price" is not only used by short sellers, but position buyers who want to fill out a position as cheap as possible before letting market forces take it higher. I once watched a small cap trade sideways for 10 weeks with good news evolving before it went importantly higher.
One last factor in these situations. The unfolding of HFT (high frequency trading) evolved from the old specialist situation where goldman sachs was the world's biggest marketmaker. They basically did away with that system, radically changed it, to give way to HFT. Do you think there was a reason goldie specialists would give up their books to go to a new system called HFT? To top it off, the original HFT's for an initial period of time were goldman sach people. I think the new results were called "prop trading" and less transparent........think about it..trans
HFT has allowed BIG institutions the added artificial liquidity to enter into smaller cap stocks and dominate the trading in many....
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["For those of you that missed the pre-market activity this am, there were 50 shares traded at 64.50 on news of the deal with Puma. Contrast that to trading that happened on December 5-6 where a few hundred thousand shares traded and eventually wound up in a halt.
I am aware of this long running debate about how much influence shorts have over the pps. As recent as this past Friday there was a post proclaiming low volume is a by-product of management effectiveness along with several other examples which I disagree with. If management was so effective, there would be buyers and at a minimum some volume and trading activity in the stock."]
One could arrive exactly at an opposite conclusion, the low pre-market volume being a sign of management success in reducing volatility and short-count.
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'admin' pid='45989' datel Wrote:["For those of you that missed the pre-market activity this am, there were 50 shares traded at 64.50 on news of the deal with Puma. Contrast that to trading that happened on December 5-6 where a few hundred thousand shares traded and eventually wound up in a halt. I am aware of this long running debate about how much influence shorts have over the pps. As recent as this past Friday there was a post proclaiming low volume is a by-product of management effectiveness along with several other examples which I disagree with. If management was so effective, there would be buyers and at a minimum some volume and trading activity in the stock."]
One could arrive exactly at an opposite conclusion, the low pre-market volume being a sign of management success in reducing volatility and short-count.
True. One could also arrive that a 1-10 worldwide drilling success does not apply to the 3-6 that IOC has in PNG.
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Lib and Trans - Thanks guys. Where did you guys get all that wisdom ! Keep up your good work.
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["True. One could also arrive that a 1-10 worldwide drilling success does not apply to the 3-6 that IOC has in PNG."]
It's 3 for 7 and of course it applies, it's a subset of general probabilities. With the emphasis on that, these are just PROBABILITIES. Even if we hit 3 for 3 in the next wells, the ex-ante probabilities remain as they are, depending what you take as the population.
With respect to the "manipulation", since Hession took over and made the deal with Total:
- Volume is down
- Volatility is down
- Short count is down.
That doesn't mean there is no manipulation (I really wouldn't know), but it does say it's much less of a problem, IMHO.
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'admin' pid='45992' datel Wrote:["True. One could also arrive that a 1-10 worldwide drilling success does not apply to the 3-6 that IOC has in PNG."] It's 3 for 7 and of course it applies, it's a subset of general probabilities. With the emphasis on that, these are just PROBABILITIES. Even if we hit 3 for 3 in the next wells, the ex-ante probabilities remain as they are, depending what you take as the population. With respect to the "manipulation", since Hession took over and made the deal with Total: - Volume is down - Volatility is down - Short count is down. That doesn't mean there is no manipulation (I really wouldn't know), but it does say it's much less of a problem, IMHO.
You forgot one. Stock price is down too.
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["You forgot one. Stock price is down too."]
I'm aware of that, but is that due to manipulation? Even if so, all of it? Could it be, at least in part due to:
- People sold the news?
- Some were actually disappointed with some of the metrices (like $/mcf stuff)?
- The apparent longer time horizon to monetization versus Exxon, the partner most seem to have expected?
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'admin' pid='45995' datel Wrote:["You forgot one. Stock price is down too."] I'm aware of that, but is that due to manipulation? Even if so, all of it? Could it be, at least in part due to: - People sold the news? - Some were actually disappointed with some of the metrices (like $/mcf stuff)? - The apparent longer time horizon to monetization versus Exxon, the partner most seem to have expected?
Best idea is to end option trading on equities
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