Eckoh Share Discussion Threads

[mazarin] 28/2/2014 10:29

The City warmed to yesterday's encouraging results from Capita posting a 15% increase in revenue that clearly represents good news for its holders, but in my view could also bode well for ECK, in view of 'our' 5 year partnership agreement.



Watch this space....!

[bamboo2] 14/2/2014 16:50

SP will probably make a bottom around this level, if I had noticed this drop earlier today I would have bought back in. Will look to start averaging in on Monday.

[baxter99] 12/2/2014 19:30

agreed - thanks

[mazarin] 12/2/2014 16:56

We've discussed this tendency with ECK previously and the general consensus then was that it arises when the 'market makers' balance the day's trades and finally decide the 'buys' gained the edge on the day, hence the 'tick up'. Sounds like a reasonable explanation.

[baxter99] 12/2/2014 16:43

A small tick up at the end of the day, yesterday and today - is someone trying to keep something quiet?

[miamigo] 12/2/2014 11:57

Roger

It's all smoke and mirrors. They could show accurate information but wouldn't want to. Best thing is to buy,hold and put them in the bottom drawer.

In any case it's not buys or sells that will move the price but buying and selling pressure.

[oohrogerpalmer] 12/2/2014 11:23

NO and that's why PI's get shafted and no insider dealing ever gets punished.
I would think the vast majority of people could easily make a good living in the city with a little bit of training.
They just don't want you so see how easy and corrupt it is to do so.

[malinkie] 12/2/2014 10:49

Listen to Matthew McConaughey in the Wolf of Wall St, only honest stockbroker about, its part of the deal to make it incomprehensible to everyone, including themselves............

[mylands] 12/2/2014 10:44

orp

Transparency is not what the market is about, completely the opposite!

[oohrogerpalmer] 12/2/2014 10:42

I can't believe in this technology era that they can't show the buys / sells of each share clearly.
Like RNS's that are issued , why can't they just say that ABC have sold x amount of shares instead of all the unreadable jargon that they churn out.

Completely archaic and the whole system needs reforming to make it more transparent.

[mazarin] 12/2/2014 10:37

ECK has again gone into something of a quiet period lately, accounting for the current 'drift' in the 'sp'. Although I am anticipating some news soon, that at the very least may include update report on the progress of implementation of the £11m contract announced late last year that, at the time was forecast to start early 2014. I also expect that we'll soon be hearing of other contracts currently in the pipe line. Time will, of course tell....!

[miamigo] 12/2/2014 08:49

The "Trades" are all guesswork depending on what side of the mid price the deal is done at. Some trades are delayed and therefore if the price changes throughout the day some actual buys may be shown as sells and vice versa.

[petersinthemarket] 10/2/2014 12:04

I understand the interest in buys versus sells but as most volume indicators are either late, inaccurate or misleading, isn't it more reliable to simply note total trade volume?

[malinkie] 07/2/2014 12:33

if you look at the trades now, saying 64k buys but count up the individual buys and you get 150k - wtf, funny though the total on the sells comes to the right figure...........

[mazarin] 07/2/2014 00:12

Thanks Bamboo for your chart

[bamboo2] 06/2/2014 23:25

Hi Mazarin, I sold my holding earlier this week on the spike up, taking advantage of a quick profit and lightening up, as the general market is making me anxious. I had a quick look at the chart and it still looks good.

There could be a flag or pennant set up starting, with a period of consolidation. It could retrace about 50% of the recent rise. We'll know more once the formation has become clear. It could just carry on northwards of course! Probably best to ask on fingersxxd thread if you want a more concise view. gla.

[mazarin] 06/2/2014 19:11

Bru' I agree with your reasoning and had noted those larger trades, when I commented on them during my review of yesterday's trades. The 'market makers' have the advantage of being both 'buyer' & 'seller' and clearly exploit their knowledge when apparently making deals presented to them from their cosy network of retail Brokers. The Brokers also know before hand the limits set by their clients, so it come's as no surprise to me to discover that the 'sp' is manipulated accordingly. That is partly why I don't set limit orders.

On a wider conspiratorial level, there's no limit these characters will not go to make money at our, the 'PI's' expense. I've only recently discovered that Nominee Dealers customarily lend their clients' shares to the market (in return for a fee of course) for the market to 'short' the share price of a targeted company. So effectively reducing the value of their own client's portfolio in the process and reaping benefit of getting dealing fees and charging us account admin costs to boot.

Back to ECK, IMO we're currently fortunate to have shares in a company that's clearly attractive to the market because of its potential for growth, so agree the 'sp' will recover. We've had a bit of media coverage that has recently attracted new investors who are anxious not to lose their short term gains, so sell on any sign of weakness. Hence the blip today and likewise a few weeks ago. Look from below link to see what I mean:

[brumont] 06/2/2014 17:54

PLs consider the following

in the first hour yesterday, the "to sell" price peaked at 40.6 - I was quoted this for a dummy sale of just under 30000 shares. At the same time it was impossible to get an online quote to buy any significant number of shares and that at full offer price of 41. This suggested there wasn't a lot to hold the share price back.
However, by 9.15am, the situation had changed in that it became impossible to get a quote to sell any significant number of shares, but I could get a quote to buy 50000.
To me this suggests that the MM's had purchased or had been asked to work a sizable sell order which would not be reported at that time due to its size and may be delayed until complete.
But, if you check yesterdays ADVFN trades, there are 2 trades not properly reported (trades 127 and 128) totalling 1.1million shares.
If this is the extent of the shares sold, it is not hugely material and I would put todays pricing down to MMs trying to get some shares cheaper to bring down their average as they must have paid/agreed close to 40p at that time.
In these circumstances, the share price will gradually find its way back up again.

All in my opinion and do your own research.

[malinkie] 06/2/2014 15:01

Again today, since 9am, here's been 350k buys v 80k sells and nowt's happened share price Rest of the screen is blue - very peculiar.

[mazarin] 06/2/2014 10:16

Very 'frothy' today that is, I suppose a consequence of attracting recent undue media attention. Bamboo2 if you're still following ECK, may I ask you do one of your excellent graphs to show the current general direction.
Cheers

[mylands] 06/2/2014 08:59

Getting close to when I will be topping up again.

[mazarin] 05/2/2014 18:08

Agreed, although it's not easy to interpret the trades as shown by ADVFN and unfortunately there's always doubt about a significant proportion of the transactions. However, as I understand it today's volume was 1,568,590 over a total of 130 trades. A solid tranche (42) buys went through up to 0849hrs, pushing the offer price to 41p this morning, then a few 'moderate sells', interspersed with further moderate 'buys' quickly brought the offer price down to 39p. Several large 'buys' exceeding c.145k seemed to have little positive effect and at 1354hrs a 100k 'sell' set the tone for the rest of the session. It was actually matched and held back to end of trading session with 2 other large late 'sells' causing the 'sp' to close down 1.25p and finish at 38.5p.

[malinkie] 05/2/2014 16:07

Today shows you the bs that goes with MM's. Easily double buys to sells today considering most of the ? column are buys. Today is a marginal blue day and so the share price should be moving ahead easily as much as the last two red days.
Nonetheless this is primed still for further movement upwards.

[mazarin] 05/2/2014 15:37

Yes and to see it surging through and touching 41p was quite an impressive sight first thing today, only later inevitably succumbing to a bout of 'Profit taking'.

I imagine the Press coverage of late, has attracted some fresh investors new to ECK who were clearly tempted by the prospect of banking an immediate 14% profit in two days. Just what would have happened to the 'sp' had ECK actually issued some Contract news at this time - heaven alone knows!

[nickjoseph] 05/2/2014 08:40

Mazarin you were right about the creep up to 40p..