Stanley Gibbons Share Discussion Threads

[ukhawk] 23/7/2004 13:05

Kael, thx. Thought we'd have had a few more 10k T+ buys by now, but one just gone through.

[xdavid] 23/7/2004 13:00

Comdirect: 12.58
Offer price: 5K @ 95
Bid price: 25K @ 91.3
Mid: 92.5

[kael] 23/7/2004 12:58

before you ask ukhawk, 3v3

[kael] 23/7/2004 12:24

l2 is 2v1, scap,wins on bid - KBC on offer. So the mm's droppped the price and put through a broker buy then raised it up again, I assume?

The strength is still there, can only buy at full price, but sell above bid. As Nurdin said, only 5 trading days left till results, getting interesting :)

With regards to GLD, I cant give away my trade secrets :)

Predictions/estimates for results? They will be good, you will be happy and I'll have the holiday Ive always wanted ;)

Oh yes and SGI has made an new all time high today.

[kael] 23/7/2004 12:08

yes i am here, woke up late :/ gimmie a sec to get a cuppa ;) Looking good btw :)

[ukhawk] 23/7/2004 11:42

Think they probably didn't have much choice. 10k broker buy just gone through.If they were short at the start of the week what now ?

Kael, you there, need some L2 input, thx.

(ps. what did that mean on the GLD thread ?)

[xdavid] 23/7/2004 11:33

Comdirect: 11.29
Offer price: 7.5K @ 93.75 (+1.75)
Bid price: 25K @ 91.04 (+1.04)
Mid: 92.0 (+2)

Wot? Have MMs changed their 'strategy'...

[ukhawk] 23/7/2004 11:11

Anybody prepared to speculate what the results will be next week ?

The potential for growth is enormous, now the infrastructure is in place they should be able to make huge inroads into the world market, most, of which, will go straight to the bottom-line.

[nurdin] 23/7/2004 09:51

Just a week to go now :o)

[xdavid] 23/7/2004 09:50

Comdirect: 09:48
Offer price: 7.5K @ 92
Bid price: 25K @ 90
Mid: 90.0

Bid price back up to 'mid' after net buying yesterday

[xdavid] 22/7/2004 10:39

Comdirect: 10.38
Offer price: 7.5K @ 92
Bid price: 25K @ 89.5
Mid: 90.0

[ukhawk] 21/7/2004 09:29

Having bought twice in the last week or so I think I come into the "loudly confident" category ! The information in the public arena is all positive.

[kael] 21/7/2004 02:59

SG100 Index Cumulative Change (%)
Dec 2003 363.98 47.5
Jan 2004 363.98 47.5
Feb 2004 365.00 47.9
Mar 2004 370.03 49.9
Apr 2004 370.83 50.2
May 2004 371.37 50.5
Jun 2004 373.14 51.2


Stamp market still strong, up 3.7% from Dec 03. Comment about that largish sell - the market seemed to take it well. SGI rose 10% on odd 100K and hardly flinched today. Wider market conditions have also improved, esp across the pond. Quielty confident.

[xdavid] 20/7/2004 22:44

I like this synopsis of Market-makers:-
-----------------
"Market-makers provide liquidity to impatient traders. They try to run their inventory at a profit. To profit, they must trade at prices that produce a balanced order flow on both sides of the bid/ask spread. They find these prices by experimentation.

"Market-makers lose to informed traders. Market-makers must carefully analyze order flow to identify informed traders. The task is difficult because orders typically are identified only by broker and not by beneficial trader. Market-makers widen their spreads to recover from uninformed traders what they lose to informed traders... Market-makers profit from impatient uninformed traders.

"Market-makers supply liquidity in the form of immediacy at the inside bid/ask spread. Because they fear trading with informed traders who they cannot identify, they are reluctant to offer liquidity to large traders."
---------------------

From the following document, well worth a read for the synopsis of other types of players in this game of ours...

[xdavid] 20/7/2004 16:46

@90.5p. I presume it is showing up delayed. Probably actually went through just before the mark down...? MMs obviously still think there will be more sells than buys leading up to the results. All noise... but keeps one amused whilst waiting...

[jwe] 20/7/2004 15:30

Is the 30k a sell at mid?It looks like it.It seems the MM`s are keen to aquire stock with all sells being at mid or close to it.

[xdavid] 20/7/2004 14:17

Comdirect: 14.16
Offer price: 7.5K @ 92 (-1)
Bid price: 25K @ 89.5

[xdavid] 20/7/2004 13:55

Comdirect: 13.48
Offer price: 7.5K @ 93
Bid price: 25K @ 89.5
Mid: 90p

Either the MMs are tree-shaking again or they have got some stock from somewhere? Is it possible that the buyer from last week is now about to sell back and the MMs knew this - hence they did not want to move the price up any further but just moved the bid up to the 'mid' ???

Whatever... just noise. If it shakes out a few nervous holders then the consolidation before the results will do no harm at all.

[kael] 19/7/2004 16:52

Well, I cant go back far enough to check unfortunately, but I do remember there being largish buys soaking everything up before the last big rises. It could well be that they had a chunk during the May period, but dont know :/

Mm's hardly ever lose in the stock market, if it goes wrong, they'll average up. After all 70K is hardly a huge position. Whether they're short or not, who knows? Only a bit of guess work, just mucking around with the numbers available while we wait for results. (also remember trade logs can be inaccurate at the best of times)

We've all seen stock sink on very little volume and not rise on large volume, each stock has its own way of doing things.

Results arent too far off as you say, I expect the mags will do a piece here and there after results.

It will be interesting to see, if any, the behaviour of the institutions in response to the results.

[ukhawk] 19/7/2004 16:02

Kael, if they're short come the results they'll be murdered. Can you go back and check that, LOL !!!

[kael] 19/7/2004 11:40

I took the liberty of going over the trade logs from the middle of June till today, by my calculations there is around 70K-100K stock not accounted for. Either that or the mm's held onto some previously. However before the large rise we were seeing 20K buy orders go through, so I would suspect that there still is some stock unaccounted for, or in simple terms, short.

[xdavid] 19/7/2004 10:56

The Tour De France is still on...

[ukhawk] 19/7/2004 09:40

Well the mm's are still quite happy to soak up the stock at 91.5 and not increase the amount they'll sell (online). So 11days to wait and no golf to watch !

[kael] 16/7/2004 11:38

Patience! Results in 2 weeks, would you rather be comfortably owning SGI at these levels, or hoping in those two weeks, for a dip in the share price to buy back lower?

SGI follows this pattern of 10% - 15% rise and then a brief consolidation period before the trend continues. Look towards the 30th! At 7:00am!

:)

[cambium] 16/7/2004 11:18

ukhawk, no nothing about SGI unfortatewly