AEV - Avenira Limited

[tasweb]

Re: MAK - Minemakers

Hello,
The one share seller is back again on this stock today. I am aware this may be due to algorithmic trading but would appreciate any comments or thoughts as to why MAK seems to be continually targeted in this way

First time poster, long time MAK'er. Please don't flame me too bad!

If I place a sell order for 1006 shares at a price and someone is prepared to buy 1005 shares at that price then that will leave 1 share remaining in the market. I've seen this myself with some of my own transactions. I'm a small time trader with the L plates up who usually buys at market with a limited number of dollars. Because of this I tend to work out how many shares $5000 (say) will buy at the current market price and then place an order for that amount even if it does look like a weird amount (e.g. 1006).

Could that be what you are seeing?

 

[kenny]

Re: MAK - Minemakers

Hello,
The one share seller is back again on this stock today. I am aware this may be due to algorithmic trading but would appreciate any comments or thoughts as to why MAK seems to be continually targeted in this way

Hi Speewha,

One point that might be considered is that any stock that has had a steep run up in recent times will have attracted the attention of a lot of short term traders riding the trend. When the trend reverses, it could be easy for a deep pocketed accumulator or shorter to go fishing for stops in a big way. Without other factors keeping the buying pressure up; the down trend can become self fulfilling temporarily as it runs on market sentiment and stops being triggered.

Just a theory of course. MAK fundamentally is little different from when it was a dollar more back in April but the sentiment on RP has cooled and the quick money may have moved on.

Regards,

Kenny

 

[Speewha]

Re: MAK - Minemakers

Hello

Thanks for your thoughts TASWEB, would like to think you are right, however this has been going on for some time with MAK, I have counted 4 one shares sales today. Think there is some manipulation of the market being attempted here but perhaps I am tilting at nothing as there does not seem to be any concern from anybody but me.
I know that the CEO of MAK had to make a market announcement about this about a month ago.

 

[Sean K]

Re: MAK - Minemakers

Hello

Thanks for your thoughts TASWEB, would like to think you are right, however this has been going on for some time with MAK, I have counted 4 one shares sales today. Think there is some manipulation of the market being attempted here but perhaps I am tilting at nothing as there does not seem to be any concern from anybody but me.
I know that the CEO of MAK had to make a market announcement about this about a month ago.

Speewha,

(note: not lisenced advice)

I can appreciate your situation.

I assume you have bought in rather late and watched the stock go down.

If you bought in over $2.00 then you must be concerned.

There are a few options:

1. Sell, and move on, and learn a lesson.

2. Sell, and wait for a bottom to be formed and re-buy for the next leg up, taking a capital loss for this FY, but still being on the stock.

3. Buy more to take advantage of the weakness.

There may be a few other perspectives as I have been in this since very low prices, and am probably (WayneL) biased.

Good luck with your decision.

kennas

 

[Speewha]

Re: MAK - Minemakers

Hello Kennas,

Thanks for your reply and concern I actual brought in at .55c back in FEB/March, I have sold some not at the peak... but my current holding has cost me very little.

It’s just that I can't get my head around somebody selling one share constantly and too often to be somebody’s left over trade.

I know AD was forced to make an announcement on this subject, and the ASX, showed some concern. Was just posting on this subject in the hope somebody might educate me as to what the purpose or motive of such trades might be.

I am convinced that with good management and a possible partner MAK will turn out a winner, it wont be this issue that makes me sell just wanting to learn someting.

Regards and thanks

 

[Sean K]

Re: MAK - Minemakers

Hello Kennas,

Thanks for your reply and concern I actual brought in at .55c back in FEB/March, I have sold some not at the peak... but my current holding has cost me very little.

It’s just that I can't get my head around somebody selling one share constantly and too often to be somebody’s left over trade.

I know AD was forced to make an announcement on this subject, and the ASX, showed some concern. Was just posting on this subject in the hope somebody might educate me as to what the purpose or motive of such trades might be.

I am convinced that with good management and a possible partner MAK will turn out a winner, it wont be this issue that makes me sell just wanting to learn someting.

Regards and thanks

I am a serial conspiracy/manipulation sceptic but have seen certain stocks played with. MAK management even queried the ASX about their own stock a while ago which was highly unusual.

I have come to the conclusion that stock manipulation, through course of sales and depth exists, and is part of the market. It's all legal, and only really concerns shorter term traders and brokers trying to get the best price. Long term, it really shouldn't worry you.

Others may have a less subjective perspective.

kennas

 

[Speewha]

Re: MAK - Minemakers

Hello

THANKS Tasweb, Kenny and Kennas, the bee is almost out of my bonnet. Need to find something else to worry about.

Any insights as to the future price of Lima Beans from your position Kennas?

Regards

 

[Sean K]

Re: MAK - Minemakers

Any insights as to the future price of Lima Beans from your position Kennas?

Regards

I don't touch the national food here. Beans. rice, potato, and guinea pig. WTF!!!

Give me a seafood risotto any day.

 

[pattyp]

Re: MAK - Minemakers

Great day on Friday....

The weekly chart is looking very good. We need to confirm by next Friday. The market can still go either way from here, but looks to be in the process of MAKing a decent trend-reversal

Lets all pray for confirmation, and increasing volume to the upside.

Cheers,
Pat

 

[kenny]

Re: MAK - Minemakers

Good point Pat,

What's your take on the Elliot wave side of things? I still can't get my head around the whole 1,3, 5 wave "Impulse" and "Corrective" wave concepts after reading some of the links you kindly forwarded.

GL to holders,

Kenny

 

[Sean K]

Re: MAK - Minemakers

Just about to hit the bottom zone of support that I see before I bail.

It's been a relentless downtrend, probably caused by a rediculous rise, that has been discussed. The harder they rise....

Conspiring factors taking their toll. Market weakness and not the results expected from Arrawurra. Plus punters taking their money elsewhere in this spec sector, like U was a while ago.

MAK still at the top of the pile however for getting to development, and the economics of the projects prove it to have a projected MC at least double it's current sp.

 

[Sean K]

Re: MAK - Minemakers

MAK depth has looked pretty odd recently, and I hate to bring up the concept of 'stock manipulation' because of course it NEVER happens but the past few days there have been some crazy buy and sell orders.

Just about the entire volume is crappo!!

Unless, of course, it's just school kids trading with their pocket money!

 

[Sean K]

Re: MAK - Minemakers

MAK depth has looked pretty odd recently, and I hate to bring up the concept of 'stock manipulation' because of course it NEVER happens but the past few days there have been some crazy buy and sell orders.

Just about the entire volume is crappo!!

Unless, of course, it's just school kids trading with their pocket money!

Actually, I have been watching the depth a little more closely, and it does look like school kids trying to save their bacon.

Or, the idiot taxi drivers who propped the market up just before Christmas.

 

[loopy_louie]

Re: MAK - Minemakers

hello all,

My financial adviser has told me this is one of the better phosphate explorers in the asx....

With the new tenements in NT he has given a prediction by the end of 2010 the sp will be anywhere from $8 - $30, depending on the findings....

What do you guys think of this prediction??

I disclose holdings

 

[Sean K]

Re: MAK - Minemakers

hello all,

My financial adviser has told me this is one of the better phosphate explorers in the asx....

With the new tenements in NT he has given a prediction by the end of 2010 the sp will be anywhere from $8 - $30, depending on the findings....

What do you guys think of this prediction??

I disclose holdings

Yes Loopy, this has been spoken about.

Projected prices range between $3.60 and $80, depending on the weather.

At the moment the world is subject to the US (and our coming) financial crisis due to easy credit and loose lending criteria coupled with lowering housing prices.

Take care.

 

[kenny]

Re: MAK - Minemakers

Hi kennas,

I agree, the volumes on the sell side seem rather small. If a major player was selling down, this is a slow painful way to do it.

It is hard to reconcile MAK as one of the better small cap exposures to RP with the current share price.

Waiting for the reversal.

Regards,

Kenny

 

[Sean K]

Re: MAK - Minemakers

MAK depth has looked pretty odd recently, and I hate to bring up the concept of 'stock manipulation' because of course it NEVER happens but the past few days there have been some crazy buy and sell orders.

Just about the entire volume is crappo!!

Unless, of course, it's just school kids trading with their pocket money!

This is really sh!tting me.

Someone tell me this is good for the stock, or not?

Wonder which broker is doing this, and why?

 

[Speewha]

Re: MAK - Minemakers

Hello,

The bee is still in my bonnet on this issue, I have written to the ASX and a couple of media outlets, not sure if will receive a reply, if I do will post here. As has been discussed on MAK thread this action is within ASX rules, but it would nice if could ferret out who is behind it, we might be able to work out the motive for ourselves , and decide what to do with our investment. Being left in the dark makes , making important decisions very difficult. We deserve an open and transparent market.

Regards

 

[Speewha]

Re: MAK - Minemakers

Hello,

Announcement today from MAK: Well a little bit of positive sounding news has had an effect on this stock.

Thought that all the negative things affecting the wider market would make snippets of news that sounds good have little effect.

Must be news only traders still out there, need a bit of good news to be spread over my other holdings !

Regards

 

[adamim1]

Re: MAK - Minemakers

That big announcement on the JORC a couple of weeks ago really put a negative spin on things even though the company was still going strong and probably one of the strongest phosphate companies in pre-production. This stock (if all goes to head) can be worth a whole lot more and to be sitting between 130 and 160 at the moment is probably a bargain.

I think a couple of good announcements will set this one back on track.