Litho Supplies Share Discussion Threads

[dalstal] 06/9/2009 20:28

CR - all your workings as above are/were exactly what was going through my head. it does not add up.

IG do not offer this stock

- i asked months ago (long) and i asked recently to check it was still the case.

Even if they did u cannot get inside the spread so your risk/reward here is absolute lunacy.

As i put earlier on i dont believe this spad is actually short, as he has said it is through IG - also any sensible investor or even gambler would not pick this stake and odds.

whats the agenda here?

[cockneyrebel] 06/9/2009 20:18

You mentioned the 5k - you reckoned IG would do 5k in a short. I don't believe they would do much more than that on an illiquid small cap for the reason that if you had to you might not be able to close your position. MM size is 5k so they know the mm would deal that on asking.

You can't have shorted with the bid much higher, it hasn't got much higher and your timing would have had to have been perfect to get much better.

And if you're shorting more than 5k you'd have to be mental imo - the spread is huge - the maximum gain you can possibly get is 100%. You seem to thing the they are going to 4p so if you shorted at 8p you're maximum gan is less than 50% if you're right. But as I've said, IG would worry you cannoy close more than 5k hence they wouldn't let you short much more than that imo.

Now what's your risk? Well I'd say if there was a bid for LTS and you have a decent size punt (which I doubt) then the shareprice rockets and you're loocked in because they are so hard to trade. The risk with a short is that the maximum gain is 100% - the maximum loss on a short is infinite.

Only a lunatic would be shorting this stock with with the spread and the iliquidity. Only a complete lunatic would be doing it with a decent size stake (and I very much doubt you have a decent stake - in fact having watched the trades if you have a decent short there's hardly ben any holders selling, just you shorting.

Being locked in a short on LTS sounds great :-)

CR

[spadman] 06/9/2009 15:33

talking about childish who said anything about a 5k position and who said anything about 7p bid?

You just pluck figures from thin air CR, BTW actually decided to sell TTG Friday, just shy of 200% profit.

good game good game

CB

[cockneyrebel] 04/9/2009 21:08

£25 up on a 5k short today - and shorting means demishing returns too - how can it be worth it? If you shorted 7p bid you're still miles from making a profit with that spread.

I can't believe some of the kids you get on ADVFN.

CR

[spadman] 04/9/2009 20:03

lol you dont need to try and manipulate this... its going down all on its own. Try waiting a couple of weeks and no doubt you'll be able to buy what you want with 50% off.

[mryesyes] 04/9/2009 18:02

I am going to try something here on Monday. Together with my colleagues we will telephone various brokers where we have personal accounts, Walker Crips, Charles Stanley, Barclays etc and attempt to place massive sell orders on LTS.
I have a holding and they don't, but I have learned what they do - the MM's will offer low prices, then panic and insist on only letting you sell a small amount at the official sell price, so we just hang up after the broker has tried to place the deal with the MM.

I am certain such that I am sure that this does have the result, and Monday will be a concereted attempt, of getting them to lower the sell, but also to a lesser extent the buy price.

Later in the day, I will buy as many as I can without raising suspicion. My wife will do that on my instruction from home. See what happens and if you wish buy too (but not until you see the MM's drop the price)

[ucnut] 04/9/2009 15:26

Any takers as you can now by a bit of stock online.

[dalstal] 04/9/2009 12:16

SPADman - how did you get stock or loan of stock with IG. I tried to buy LTS before with them and the didnt list it.

Phoned them to ask if i could negotiate and they sent me this reply - i have just found it?


Thank you for your email. I am afraid our Shares desk will not be able to offer this stock as it is too small and too illiquid.

If you have any further queries please do not hesitate to contact us.

Kind regards


so whats your agenda -- IG do not offer this stock.

[cockneyrebel] 03/9/2009 17:39

Don't think so - 50% rise looks more likely that a 50% fall to me - manufacturing and Service PMI numbers seem to be getting stronger and stronger.

All these companies that are going to be rushing to print brochures and advertising in 6 months time. And who cares about VAT going up - printed reading material is zero rated :-)

CR

[spadman] 03/9/2009 16:52

and thats not going to happen is it wad? more like a 50% drop.

CB

[wad collector] 03/9/2009 13:03

Spread of 1.5p is off-putting on these sort of tiddlers - need 30% gain in share price to break even.

[ucnut] 03/9/2009 09:37

There were two people which mentioned that they had and/or still had shorts open here. With an NMS of 10K I can understand people putting in smaller size trades however if you put an order through your dealer you can usually get in excess of the 10K.

[this_is_me] 03/9/2009 08:20

I don't see how anyone can short a stock like LTS. Shorting may happen in much larger shares which are much more liquid with tight spreads.

[ucnut] 02/9/2009 21:54

Will you be buying anymore tomorrow Tim? It seems as though there is little stock available having checked they are still limiting buys to 10K. I am very tempted myself to build a position here for the recovery and if, as was mentioned, there are shorters still in the stock a secondary bounce may be seen when they close.

[this_is_me] 02/9/2009 21:16

Some director buying would help.

[scotswhaehae] 02/9/2009 20:28

this is me...not quite sure yet why you have become my stalker...

for the record I sold these in mid 2006... three and a bit years ago...and at a modest profit rather than the loss you presume.

factors affecting securities do change you know...what bothers you about my thread...which incidentaly I haven't looked at for over three years...lol?

[this_is_me] 02/9/2009 18:22

The share price has never again reached to point it was at when scot twit started his thread. He has long since left the thread, presumably having sold out at a loss. The share price having declined ever since now seems to have bottomed out and shows signs of wanting to recover lost ground.

A breakout above 9p should see the share price on its way back up.

[this_is_me] 02/9/2009 18:19

A recovery story. This company has a long history and has survived bad times in the past. I see no reason to think that it will not survive this time too.

[ucnut] 02/9/2009 14:07

Long way to go up but have to continue to buy in small quantities. It seems as though a 10K buy moves this market maker. Chart certainly has turned up. Will continue buying small batches as this one rises.

[cockneyrebel] 02/9/2009 13:41

Chart looking better and better. Up on a day when the market is off - tells you a bit imo.

CR

[cockneyrebel] 01/9/2009 19:15

Well every half p it ticks up and down a 5K short adds or reduces a postion by £25. I bet you can't contain yourself SPAman.

Remember too that the maximum you can make from a short is less than 100%. A long position can have infinite upside.

CR

[this_is_me] 01/9/2009 17:00

Still in a tight trading range.

[wad collector] 01/9/2009 14:37

Having deep pockets is not the same as having full pockets!

[ucnut] 01/9/2009 14:29

Spad when people post like children they seem to dash and hide when the share price moves higher (whoops there it is).

8trade I have no problems with one or ten market makers on a stock. What I do know from experience is that when news comes out they do move rather rapidly and I have successfully traded many illiquid stocks this way.

It seem to me that buyers are happy to pick up and distressed sells at this level so I will also be continuing to add at these levels. My pockets are quite deep now having sold FTSE100/250 stocks this morning to lock in profits.