San Leon Energy Share Discussion Threads

[1historyman] 15/4/2019 12:09

I'm going to refer to the 235k trade as a fatberg, just so those traders who cannot distinguish between the buy side and the sell side of the book don't get confused.

[1historyman] 15/4/2019 12:06

the trade for 235,647 is back, whether it's an iceberg or not depends if your trading experience is all from a book.
The UK Trader's Bible is recommended reading for smurfs.

[1historyman] 15/4/2019 11:59

I wonder why TOSCA never bought them and wonder if u should follow them.

[1historyman] 15/4/2019 11:58

1historyman - 03 Apr 2019 - 13:25:51 - 47036 of 47246
San Leon Energy - SLE
OF, someone has 425k shares for sale, u should contact your mate and see if he wants to buy them, especially as TOSCA recently sold 10mill at 46p a share

[1historyman] 15/4/2019 10:48

I can confirm no icebergs have been sighted, so far, today.

[1historyman] 15/4/2019 10:23

1historyman - 08 Apr 2019 - 11:00:25 - 47197 of 47233
San Leon Energy - SLE
the trader who had 425k shares to sell has been whittled down to 301k, might take a while unless OF commits more funds to the cause. if u are thinking of buying it might pay, or it might not, to wait until the iceberg unwinds. GL

[1historyman] 15/4/2019 10:22

bluerill
Posts: 300
Opinion:
No Opinion
Price:
38.00
Um, no they don't
Today 09:33
'.....lots of experienced traders refer to a large sell order on the books as an iceberg, stopping the price from rising until it is removed. I guess if u are smurf and all your trading experience is from a book, u would be unaware of that simple fact....'

I am an experienced trader - not that that's necessary here - and what we have with sle is never referred to as an iceberg, you 5-alarm numpty, because an iceberg is specifically as I described it and the sle block offer is the precise opposite to an iceberg, which is an order that is largely HIDDEN form sight. Notice the operative word?



………;……̷0;……R30;……230;..


and what we have with sle is never referred to as an iceberg

[1historyman] 15/4/2019 09:50

Q. My share went down even though there were loads of buys/my share went up even though there were loads of sells. How can that happen?

A. Don't believe what you see if you press "trades" on advfn or other services. The computer is guessing and usually the buy to sell ratios are totally wrong. In fact they can be ignored. Many trades done via the order book are actually Buys and Sells! That's because someone is selling it but someone buying it and they are matched. Also, trades done through market makers can be delayed if they are bigger than normal size so buys can be disguised as sells and vice versa. Do not be fooled.


Naked Trader.

[1historyman] 15/4/2019 09:44

on L2 there is a buy order 28,545 shares 37.3p, that is if u were an AT trader u could sell 28,545 shares at 37.3p.
now the buy order is on the bid side of the shares, in Smurfland that may not be a buy order but a sell order, so u can see how easy it is to be confused.

[1historyman] 15/4/2019 09:17

lots of experienced traders refer to a large sell order on the books as an iceberg, stopping the price from rising until it is removed.
I guess if u are smurf and all your trading experience is from a book, u would be unaware of that simple fact.

[divmad] 15/4/2019 08:26

Talltrees, I haven't a clue what he's saying anymore, but full marks to history man for trying .

[1historyman] 15/4/2019 08:01

IF u want to buy here, maybe best to wait until the following information is released by the company.


i. how much oil did Eroton sell last year
ii. how much profit did Eroton make last year or was it a loss
iii. how much of the last interest payment has been made
iv. how much the MLPL has borrowed to pay the interest to date to SLE
v. what was the flow rate on the last well
vi. has the payment due 31 Mar been made
vii. what exactly are the shareholdings in SLE

[1historyman] 15/4/2019 07:59

Example of an Iceberg Order
Suppose a large pension investment fund wants to make an investment of $5 million into stock ABC. News of the fund's investment could cause a massive spike in ABC's price within a short period of time. To avoid such a disruption, the fund devises an iceberg order that splits its original order into smaller lots of $500,000 each.


………;……̷0;

such a shame the post referred to a buy order and not a sell order, never mind.
not just a Smurf but an elitist Liberal Smurf, who if anyone disagrees with them are obviously mentally inferior to them. oh dear, what makes such a superior being waste his time posting about me.

[1historyman] 12/4/2019 15:10

1historyman - 08 Apr 2019 - 11:00:25 - 47197 of 47233
San Leon Energy - SLE
the trader who had 425k shares to sell has been whittled down to 301k, might take a while unless OF commits more funds to the cause. if u are thinking of buying it might pay, or it might not, to wait until the iceberg unwinds. GL

[1historyman] 12/4/2019 15:09

an iceberg is a big sell order, it can be seen with L2 and obviously until buyers absorb the shares on offer it stops the price from rising.
u also get mini icebergs which can be taken out more easily.
all icebergs may not be actual shares for sale but placed for the benefit of the trader, when the trader achieves his aim the berg is removed.
here as the iceberg has been available for several days it appears it is meant to be traded.

[ham74] 12/4/2019 15:02

forgive my ignorance, what is the Iceberg of 235,000 shares please? Separately, has anyone actually used their tender offer proceeds to buy back in at lower levels? Not many have judging by volumes?

[1historyman] 12/4/2019 11:36

no further progress on the iceberg, it remains at 235k shares.