Condor Gold Share Discussion Threads

[steeplejack] 28/5/2013 21:28

Sometimes SPunter,I think you invest these Marketmakers with too much savvy .They really like to have a near square book at the end of the day.These geezers are not like the jobbers of old.They have a very short term horizon,enough to pay for a few Peronis and they'll take it,especially in these cash strapped days.You might be right but who can be sure.

[mlangton1] 28/5/2013 21:21

Gold price keeps testing $1400

[pillion] 28/5/2013 21:13

Good volume today !

[sir andrew ffoulkes] 28/5/2013 19:01

http://present.knowledgevision.com/player/mobile/version/4/0/index.html?config=http://present.knowledgevision.com/account/brr/presentation/27b7c96915ac47739b03cfce52ab1149/config/config.xml&kv_id=KnowledgeVisionEmbeddedContentb30737e025d74a2f9590b7960fa443a7&kv_presentationId=Mjk4NjU%253D&kv_presentationVersion=1.0&kv_duration=1802&kv_slideCount=21&kv_trackUrl=http%3A//track.presentation-cloud.net/&kv_licenseId=138&kv_subAccountId=-1

[jeanesy2] 28/5/2013 16:45

so we wait for news on the trades,hopefully before another tick up tmw please ?

[serious punter] 28/5/2013 16:29

Steepljack

That's part of the story, the other point, they want to keep the upward momentum going because they are totally aware of the short positions AND T trade positions too.

[steeplejack] 28/5/2013 16:19

What you're saying is that the MMs have perhaps protected the selling client in part to work the balance at X price and thus have every incentive to run the stock up to maximise a book profit.

[serious punter] 28/5/2013 15:53

Warmsun

Quite frequently the MMs drop the bid substantially, in our case from 116 to 113 and the seller may have an an arrangement to sell at an agreed low say 115. The MMs being greedy will get as high a price as they can. Normally this affects T traders who generally have to sell at T3 but can with a good broker go to T1. We have seen on here so many rollovers, all of which are T traders, who can only roll it once, so become forced buyers or sellers. My definition of a large sell on CNR is between 25-100k. If it's a decent volume daily turnover, you'll see both trades reported at the end of the day, if not the higher number will be reported when the deal is closed. As you can see now they are knocking them out below full ask. The seller will get their agreed 115, but the MM will take 2p+ profit. Hence thare are no shortage of share yet from that MM anyway.

[jeanesy2] 28/5/2013 15:45

How we finish today will set up how we start tmw imo

[steeplejack] 28/5/2013 15:40

SP could be right,plan B from the marketmakers,run them up and sell stock into it.You won't see the print of the outsize sale for a day or two.Alternatively,it could just be more buyers than sellers of course!!

[au24] 28/5/2013 15:38

Its a Large buy order being filled imo. Dropped the share price to gain a few sellers.

[warmsun] 28/5/2013 15:29

I would be interested to hear the logic of how you have come to that conclusion (the large sell) share price
thanks

[serious punter] 28/5/2013 15:14

Looks like the MMs are trying to work a large sell. Someone profit taking perhaps on a T trade. Fair enough, but loads more to come IMO based on the facts.

[jeanesy2] 28/5/2013 14:53

MM's must be short of stock as there have been plenty of buys. Price being marked up to entice sellers, but i cant see many sells yet. It will be interesting to see how we finish today.

[jeanesy2] 28/5/2013 14:46

news due or isn it shorters closing positions or is it the edison buy note, ...who cares to be honest,
most welcome!!

[jeanesy2] 28/5/2013 14:44

120 now paid

[warmsun] 28/5/2013 14:44

Lovely!

As the Wizard song goes....." I wish it could be christmas everyday..."

[pillion] 28/5/2013 14:34

The shorters are being burned alive !!!

[oldvic] 28/5/2013 14:14

its on the Launchpad I think

[warmsun] 28/5/2013 14:05

I just think it has previously been massively (stupidly) marked down.....loads of upside yet ...imho!

111 - 113
L2 1v1

[steeplejack] 28/5/2013 13:51

Well,they're horribly short of stock,bidding 109p for size and again,only offering 5000 at the offer at 112p.Is something about to break?Opposite direction to bullion price today.

[steeplejack] 28/5/2013 13:40

bidding 108.4p now for a tenner ,offered in nought.

[au24] 28/5/2013 13:30

Nice rises in the last two days trading to back over the £1 Mark.
The trend is upwards now.

[jeanesy2] 28/5/2013 13:29

109 being paid. Another tick up soon ?