Mad Pad, I think Cynic ought to be paid by Money AM to warn some people on this BB to play safely.
SEO causes me only so much heartache, but after looking at today's gambling stocks bust, I think the last time I felt so stuck for comprehension was on 9/11.
What possesses someone to spend 100K on a stock in a sector which is threatened with collapse and then lose 60% in a single morning?
Sorry, but my brain is failing to handle some people's attitude to risk.
Price monitoring extension
A time extension to the auction call period. It occurs if the auction match price breaches price tolerance limits. The extension allows further entry and deletion of orders.
Yeah. I read that as well and had to have a lie down to figure it out.
i still haven't managed but at least i'm prepared to admit my ignorance!!
C'mon guys. Between us we own several gazillion punds of stock. Are we saying we haven't got a clue what happens???
Alan
Admitting my ignorance also, but I think it means the close of trading is extended due to an anomaly in a trade, either due to the price being greater than an agreed percentage Buy or Sell. In other words a mistake or a agreed deal between seller and buyer, above any agreed volume.
Probably wrong but that is how it was explained to me by someone ages ago, so don't take it as fact.