Chariot Share Discussion Threads

[kozel] 25/4/2007 15:59

I didn't say that. There doesn't seem to be any substance behind the rise, no news to speak of. I just took a small punt which payed off.

[bridggar] 25/4/2007 14:02

Are you guys (kozel & fur) for real?

Did you really think there was any substance behind the walk-up?

[andrbea] 25/4/2007 12:07

This one has gone to sleep...

MM missed out on a ready market yesterday at 1.75
their shake was too severe

people's attention quickly wanders to other shares.

[andrbea] 25/4/2007 11:01

2 largish trades and a tight spread (.1p)

25/04/07 10:07 1.75 285,714 L 0.0 0.0

25/04/07 11:00 1.1 179,833 O 0.9 1.0 Buy

is this the first one a delayed buy from yesterday?

[kozel] 24/4/2007 22:39

Sure, but he's talking about buying into a rally and then becoming 'locked in', ie a widening of the spread & then only being able to sell in small amounts (as in no buyers). It's just a scare-mongering tactic.

[fur] 24/4/2007 22:17

closed period applies only to US listed companies.

[kozel] 24/4/2007 21:51

Monty - that's not what 'locked in' means at all, and you know it.

[double6] 24/4/2007 21:50

LOL - the smiler23 kiss of death - 50k @ 1.75p - oops matey!

[kasman] 24/4/2007 20:48

The closed period therefore doesn't include announcements relating to RTO's, acquisitions, disposals, resignations, etc.

[shampton] 24/4/2007 17:46

Interesting that, given the relatively hectic activity today, there were no more trades after the 750k one went through about 15:30 - presumably this order was given to MM some time before then anyway...

Scribbler - I was fairly sure there is a de facto closed period - even if you get around it somehow doesn't mean it doesn't exist. However I am not a co sec.

fool.co.uk define it as:

Close Period: The period between the balance sheet date and the day a company announces its results. During this time, when the company is calculating its results, it does not normally communicate with investors and directors are not able to buy or sell their shares

Incademy describe it as:

The closed period
Directors are not able to buy or sell shares in their company for two months before the announcement of results. This is known as the company's 'closed period'.

There is sometimes a flurry of activity in directors' dealings just before the start of the closed period, and just after it has finished, and at both times the dealings may have heightened significance:

Directors' dealings just before the closed period indicate how they think the results will turn out. If they are buying shares, they think the results will exceed market expectations. If they are selling, they think the results will disappoint the market.

At the end of the closed period the directors will have had a minimum two months in which they have watched the company's progress but been unable to deal. If they take the chance to acquire or dispose of shares at the end of the closed period, it is a fair sign of how the company has been doing.

[monty77] 24/4/2007 17:24

locked in - meaning if you bought today hoping for rise with a quick profit it was not gonna happen - 2mrw will be interesting

[scribbler101] 24/4/2007 17:10

Fur - surely there is a de facto closed perion before each results announcement when Directors know the unpublished results, which must be considered price-sensitive?

[kozel] 24/4/2007 16:30

That's rubbish. I tried a dummy sell, no probs.

[monty77] 24/4/2007 15:57

sub 1p is good, today buys are locked in, unless there is a reverse takeover on the cards to restore value

[fur] 24/4/2007 15:49

and still shaking so they must need the shares,

[andrbea] 24/4/2007 15:44

750,000 T buy filled at 1.30 pence

[kasman] 24/4/2007 15:38

I bought last thursday at 0.9 - 100000 shares - I'm not exactly trapped.
(and I'm not selling either).

[kozel] 24/4/2007 15:36

Why trapped?

[monty77] 24/4/2007 15:29

MM's only interested in balanced books - all who bought in are now trapped...sorry but you got to learn.

[the_professor] 24/4/2007 15:26

what's happening - going down again?

[fur] 24/4/2007 14:58

still it's going up again

[andrbea] 24/4/2007 14:27

the spread is detering new punters stepping in (55% spread!).

Looks to me as if they're trying to 'park' the share for the day (flatline it till close).

My thought (FWIW)

someone paid 1.25p early on April 20 when the spread was 0.6-0.9
one line of thought is that some insiders could know an acquisition / RTO is lined up and an announcement to follow shortly.

if U accept that prognosis (just conjecture on my part), it does explain a lot.

eg the set of directors buys (20 April) and then the big spread today (0.9-1.4) to stop punters getting in.

eg in a few days time, a pre-market anouncement, an open at say 5p and they then have enough stock on their hands (from todays sells) to fill the new surge of buys.

That's the way I see it.


nia dyor

[andrbea] 24/4/2007 13:45

on a 60% rise like today you usually get some L or T trades coming through.
None so far
Maybe they'll show up after the bell.

[andrbea] 24/4/2007 12:39

my thoughts:

one possible scenario is an extremely large buy order to fill eg when the offer price was 1.75p. The sheer depth of the shake would seem to suggest that IMO (eg weed out weak sellers, to get the stock).

[kasman] 24/4/2007 12:16

They had to shake - Can you BELIEVE it!
What the HELL is going on here?!?!?!