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mminion

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Everything posted by mminion

  1. "The small company holdings will be hard to offload without driving market prices down dramatically" I've already heard a number of rumours on which "small companies" are effected. The rumours alone have the power to force down the SP. It only takes handful of holders to hear the rumour, panic sell, the ball starts rolling and the rumour becomes self-fulfilling. BTW 29101971, "Do you all think that clients will be required to refinance/pay back their M/L debt but will still retain their stock holdings even though they are unsecured creditors? Or is to early to tell?" Based on, "ANZ and Merrill Lynch told receivers they were appointed to Opes and began selling more than $1 billion worth of shares from the Opes loan book into the market. " I'd suggest the position will be closed (holdings sold) and you will be required to settle any outstanding debt.
  2. Hi 29101971, It's being reported that Opes Prime sent out a letter to it's clients late late February. Based on the information within that letter I bet alot of lawyers got phone calls today. http://business.smh.com.au/opes-goes-subpr...80328-223z.html Cheers
  3. http://cache.gizmodo.com/assets/resources/2008/01/F07FirstPlace-FannyBeron_1.jpg This incredible image of exploding nano-wires was taken with an electron scanning micrograph. It brought home first prize in a "Science as Art" competition. And 2-4th http://media.techeblog.com/elephant//ul/8051-450x-taken_2.jpg http://media.techeblog.com/elephant//ul/8052-450x-taken_3.jpg http://media.techeblog.com/elephant//ul/8053-450x-taken_4.jpg
  4. In reply to: wolverine on Thursday 20/12/07 08:13am I'd echo Wolverine's comment, the best way to generate interest (i.e. get a discussion/debate/exchange of ideas) is to start posting on those stocks. A topic exists for every ASX listed company. If you post a question and/or make a comment, 9-10 times you will get a reply. Cheers Matt
  5. In reply to: Bloke59 on Saturday 15/12/07 12:18pm Bloke59, You may want to have a look at the ShareScene trading competition (below link) http://www.sharescene.com/index.php?showtopic=10121 Out of 125 people with valid entries, 67 made a profit, 1 was flat, 57 made a loss Over past competitions the ratio is normally around the same 50/50 (for every winner there has to be a loser) Thanks Matt
  6. In reply to: unwooded on Friday 31/08/07 01:56pm Hi Unwooded, Most mutual’s require a 2/3’s “Yes†vote by the current policy holders to demutualise. To the best of my knowledge, the Mutual structure is a lot like a Trust. The governing rules for the Trust are contained with the “Trust Deed†and while there are a standard set of rules, you can change/delete/modify them at the time of creating the Trust. You would have to approach the BUPA/ Mutual Community for the governing rules of the Mutual (in short call them), it’s also worth noting it’s normally a very slow process. Below is an example of what occurs… 1996. On 12 December AMP's Board of Directors announces it has voted unanimously to recommend demutualisation to AMP's members. Members (policyholders)are asked to vote formally to approve the demutualisation of the Society. 1997. At a general meeting held on 20 November, 98.3 per cent of AMP's members vote in favour of the proposal to demutualise. Cheers Matt
  7. mminion

    RRS

    In reply to: drarthur on Thursday 15/03/07 08:23pm Again I'd suggest it was due to the ASX.... anything from a large amount of announcements to release to a issue with communication I may be totally off the mark, but may I suggest the issue could have been the new PR firm engaged (they may have been the party that faxed the ASX the announcement) If that was the case the ASX may have had to confirm with Povey/Kieman if this document was REAL (remember the time diff between AEST and Perth) Cheers Matt
  8. mminion

    RRS

    QUOTE (amazed @ Thursday 15/03/07 07:00pm) QUOTE The most significant ann since kicking off in Oct 2005 and its "not sensitive " The ASX makes the decision on what is and what is not marked "market sensitive" (it's not done by the listed company) Just making sure everyone is aware before it's "rumored" to be part of a secret plan by RRS to hold the SP down (some may laugh but I've seen it suggested before) Cheers Matt
  9. mminion

    RRS

    QUOTE (filament @ Friday 09/03/07 12:16pm) "With the phenomenal forum interest and ramping this stock has received the SP has gone nowhere, in fact it is lower now. This should tell everyone the 'power' of forums affecting the SP of a stock." That's unless your interest is to affect the SP lower http://www.sharescene.com/html/emoticons/wink.gif The "power" of forums affecting small cap's is real but the power level rises and drops depending on a number of factors. i.e. any effects are short lived with a stock that is highly hyped. i.e. a respected member posting "something" is more likely to effect someone's opinion vs. someone that's only made 5 post and/or has cried wolf too many times Anyhow drifting off topic, sorry all. Cheers Matt
  10. mminion

    RRS

    Let me get this right... The SP drops, and people want an announcement. Aren't announcements meant to occur when there's something to "announce" and not when some people stress out ? I note some people are still playing "rumour" games.... wrap something totally incorrect inside of two truths and it's amazing how many people believe all three are "truths". Anyhow I'm selling all my holdings... or am I just saying that to make you doubt your position so that you sell into my buy order ? (worth reflecting on http://www.sharescene.com/html/emoticons/wink.gif ) Cheers Matt
  11. mminion

    Dow Jones

    "and do not believe the calculation delay or the subsequent catch up in the Dow Jones Industrial Average [DJIA] exacerbated the market decline" A sudden 178-point fall vs a slow over 70 mins 178-point fall... sorry but IMO I know which one would spook the market more http://www.sharescene.com/html/emoticons/wink.gif Seventy minutes of wrong information may have cost millions. A computer glitch caused by heavy trading on the Dow Jones index may have led firms to lose millions of dollars. Dow Jones has admitted that its calculation of the industrial average was wrong for 70 minutes, as systems struggled to cope with increased trading in the face of a falling Chinese market and America's economic uncertainty. The error happened at 1.50pm EST on 27 February, leaving the overloaded systems not showing the correct fall in 400 supposedly live indices. advertisement A back-up system at Dow Jones' New York offices updated the figures to their correct live status at 3pm, showing a sudden 178-point fall in the index. This dramatic drop in the apparent space of a few seconds worsened the panic in a market that was already trying to reduce losses. However, Dow Jones issued a statement in response to a letter from the House Committee on Financial Services distancing itself from the stock market conditions created by the glitch. "It is important to understand that Dow Jones has no role in trading stocks or pricing individual securities, including securities underlying our indexes," said the official statement. "We are conducting a detailed review of yesterday's events and do not believe the calculation delay or the subsequent catch up in the Dow Jones Industrial Average [DJIA] exacerbated the market decline, as the market was down sharply during the 70-minute period and rebounded strongly soon after the DJIA was brought current. "We regret yesterday's unprecedented events and are taking remedial actions to prevent their recurrence, but we have no reason to believe that any investors were harmed." Despite this claim Dow Jones is now expected to be hit by a number of lawsuits from trading firms which made decisions during that 70-minute period based on the wrong information. The biggest claimants are expected to be derivative and index-linked mutual funds which used the Dow Jones calculations rather than figures from elsewhere.
  12. mminion

    ETRADE Australia

    In reply to: BSA on Wednesday 28/02/07 11:37am Sorry but that's a poor comparison, Airbags don't have a running cost (that aside I'm sure you spent $200K for the safer Merc vs $20K for the Ford hatchback) Back on running cost, How many here would hire the extra staff member for the off chance 300 people come in the door wanting a coffee vs normal 100 per day? I'm sure customers would go across the road when you increased your cup from $3 to $4 to cover the cost. It all keeps coming back to cost... Power Etrade was up, Normal was down (yet I'm sure most of the Normal customers wouldn't pay the extra per month for Power in the off chance of an event like this) Cheers Matt
  13. mminion

    ETRADE Australia

    These type of unpredicted large volume events are once/twice a year events. Without wanting to sound defensive, it's uneconomical to build a system (and more so run a system) that's only used once/twice a year. Cheers Matt
  14. It was suggested I post this O to beer here, make sure the sound is on! Cheers Matt
  15. O to beer, make sure the sound is on http://www.sharescene.com/html/emoticons/wink.gif Cheers Matt
  16. mminion

    VCR

    QUOTE (spottygoose @ Thursday 08/02/07 01:22pm) Hi Spottygoose/Daves2074 RE: Geezer, "Anyway, it probably goes some way to explain the sell-down as he supposedly had a huge holding" Sorry but I disagree, this large holding (3.7 million as per the claim) was of CFD's not ordinary shares (IMO the difference should have been disclosed before 5/2/07) As most will know holding 1 CFD doesn't always equal 1 Ordinary Share Cheers Matt
  17. mminion

    RRS

    Going to stick my neck out.... I believe we will see it touch 35 today http://www.sharescene.com/html/emoticons/wink.gif Cheers Matt
  18. mminion

    RRS

    QUOTE (ead83 @ Monday 15/01/07 02:30pm) Interesting to see Garowe Online is now sourcing stories from "www.workers.org" (the source is listed at the bottom of the article) A quick review shows "www.workers.org" it's the mouth piece of the US socialism party. As to the information in http://www.somaliawatch.org/archivejuly/000922601.htm, it's outdated and most cases invalid (i.e. the issues surrounding force majeure) Sorry but I wouldn't class 10+ year old articles and an extreme left viewpoint "Interesting reading for all RRS holders." Cheers Matt
  19. mminion

    RRS

    "surfing the apocalypse network the author was Arnobious on 31 december 2006" I really suggest people have a look at this "surfing the apocalypse" (http://www.surfingtheapocalypse.net) and more so other post by "Arnobious" (to judge the "angle" of Arnobious) The post is written to look like it's come from a "trustable" news source (i.e. BBC, CNN, Government funded think-tank, so on....) but it's nothing more then selective cut/paste with a heavy layer of personal opinion posted on a forum who's main page contains the following: MUST SEE! TRACKING TERROR: MICROCHIPPING THE PUBLIC ACTUAL FOOTAGE OF THE UFO BATTLE OF LOS ANGELES? FEBRUARY 25, 1942 MUST SEE! NEW 911 DOCUMENTARY- 911 MYSTERIES MUST SEE! IBM AND THE HOLOCAUST The strategic alliance between Nazi Germany and America's Most Powerful Corporation NEW ROSWELL 1947 CRASH FOOTAGE? VIEW HERE In my review of the site, the word "bunch of nut cases" comes to mind (it makes HC look sane) and it's really disappointing this type of information is being reposted without upfront showing the source. Cheers Matt
  20. mminion

    RRS

    QUOTE (KOKO @ Tuesday 09/01/07 02:18pm) KOKO First off no need to SHOUT. Second if the US really wanted to "takeover" they wouldn't be supporting the UN created TFG (it would be much easier to allow the country to fall to pieces then walk in and look the heroes) The report is now 5 years old, alot has changed since then (back then US intel wasn't that crash hot either i.e. Iraq's weapons of mass destruction) All that aside (and back on topic) it's starting to look like the market is "understanding" the issues that surround Puntland (in that this news hasn't effected the SP) Cheers Matt
  21. mminion

    RRS

    In reply to: archbald on Tuesday 09/01/07 01:00pm A AC-130 is very different then a Blackhawk (one's a plane the other is a helicopter) It's worth noting the line... "But when the order was given, the mission was assigned to the AC-130 gunship operated by the U.S. Special Operations command" I wonder how many of the reported 500-1000 Islamists fighters are left...now. Cheers Matt
  22. mminion

    RRS

    In reply to: fatsoh on Friday 05/01/07 01:50pm "Gedi's three-day amnesty for Somalis to give up their weapons expired on Thursday. He said a house-by-house search would follow, without offering a timeline." As I said, this little bit of "anarchy" helps the TFG (note how the search has no timeline) We'll know if Gedi is serious about the issue when/if the Bakaara arms market closes Cheers Matt
  23. mminion

    RRS

    QUOTE (fatsoh @ Friday 05/01/07 11:00am) I like the line in that article by the Economist "America's Fifth Fleet is patrolling the coast between Mogadishu and Ras Kamboni to prevent Islamists escaping, and special forces may have been landed to track them through the swamps." In short, push them into an area of which lowers their mobility (vehicles don't work too well in swamps, your now on foot) away from the general population (easier to track them) and then either wear them down (they are cut off from normal supply lines) or follow them in and go head to head. As to the warlords, I maybe totally wrong but I believe they are being "allowed" to run amok for the time being. Islamists where "bad for business" for the warlords, I'm sure there's scores to be settled (This little bit of "anarchy" helps the TFG, the warlords will "deal" with those that didn't "retreat" to the swamps) After the dust settles I'm sure the warlords will be dealt with Cheers Matt
  24. mminion

    RRS

    QUOTE (theflasherman @ Wednesday 03/01/07 11:18am) I strongly agree with Flashman's below point. I'd also suggest yesterday's press coverage (of the TFG acting like a government with "power") has helped lower the perceived risk of the "Islamists" taking over. agreenneedle, that article by Scott Rochfort is a good laugh... especially after yesterday's news coverage of the TFG driving the Islamist over the border out of the southern areas. Cheers Matt
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