Why did Climate Exchange have a 53% increase yesterday? (CLE.L)

finance.yahoo.com...

This company owns CCX which Glenn Beck just exposed.

The only reason I discovered this was because of his rant on this thread


www.abovetopsecret.com...

So right when Glenn Beck exposes the truth about CCX... the stock goes up 53%?

What the hell is going on?


Cap & Trade on the way?... Oh yea, I think Obama made that clear that he wanted to avoid the immigration issue and focus on this before all the Democrats get kicked out in November.

That's market manipulation right there.

I wonder who that could be?

Here look at the historical data for the stock

What think has happened is that someone (probably fox) was front running the market. This is insider trading and huge manipulation right before your eyes. But it happens every day.

What this is called is pump and dump

I'm rather annoyed that the data for 24/04/2010 and 25/04/2010 doesn't seem to be listed I'd be really interested to see the volume on the days prior to the story running. There is some large volume on 23/04/2010

[edit on 30-4-2010 by belial259]

reply to post by Doomsday 2029


Hmm.. it's +55% right now.. here's their webpage

Their last "Historical moment" according to their site:

April 2009

CCFE launches Renewable Energy Certificate (REC) Futures

Yay more derivatives.. we didn't have enough of those.

ECX sets new Daily Record - April 27th 2010

I figured someone somewhere out there would declare this some program designed by (insert mythical financial controler here) so I looked up their top 10 share holders:

Invesco Asset Management Limited 29.75%
Directors and Related 15.70%
BlackRock Advisors 8.64%
Intercontinental Exchange 4.79%
Generation Investment Management LLP 2.98%
Fidelity (Institutional Group) 2.63%
William Blair & Company, LLC 2.45%
Deutsche Wertpapierservice Bank Ag - Custodian 2.33%
Ontario Teachers' Pension Plan Board 2.11%
Jupiter Asset Management Ltd 1.29%

I thought the Ontario pension plan was effin hilarious. I laughed.

Cannot find "Directors" atm however.

Investco (largest share holder) is a real estate investment firm out of Summers Washington. I cannot find anything related to carbon emissions from their firm.

Intercontinental Exchange which owns nearly 5% is...... well I'll let Wiki explain because it's a bunch of blah

IntercontinentalExchange (NYSE: ICE) is an American financial company that operates Internet-based marketplaces which trade futures and over-the-counter (OTC) energy and commodity contracts as well as derivative financial products. While the company's original focus was energy products (crude and refined oil, natural gas, power, and emissions), recent acquisitions have expanded its activity into the "soft" commodities (sugar, cotton and coffee), foreign exchange and equity index futures.

BUT...

I think I found out maybe?

Shares in Issue - 47,592,023 Shares not in public hands is 64.42%

Perhaps since Beck decided to give them some publicity there was demand, and they raised some cash by offering some of their shares.

This thread should have received more attention... I make legitimate discovery and I only get 2 replies?

It makes no sense that this company doubled in value right after Glenn beck decided to go on his little rant about them.