bosley
- 20 Feb 2004 09:34
hewittalan6
- 02 Oct 2006 16:47
- 20571 of 27111
5.5!!!
Bloody braggart.
must have been a very warm day when you were easily excitable.
The wife usually refers to me. not as Alan but as Justin. ;-)
kimoldfield
- 02 Oct 2006 16:48
- 20572 of 27111
Does it allow after hours trading, if so has someone made a mistake and tried to sell 200000m shares instead of buying them?
kimoldfield
- 02 Oct 2006 16:50
- 20574 of 27111
Alan, my wife just goes to sleep!
hewittalan6
- 02 Oct 2006 16:50
- 20575 of 27111
New balls please.
kimoldfield
- 02 Oct 2006 16:53
- 20576 of 27111
We're gonna need 'em Alan!
Mad Pad
- 02 Oct 2006 16:54
- 20578 of 27111
And another extension RNS
HD2005
- 02 Oct 2006 16:55
- 20579 of 27111
Does that say Sham on the side of that tube?!!!
greekman
- 02 Oct 2006 16:57
- 20581 of 27111
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.
Paperbackwriter
- 02 Oct 2006 16:59
- 20582 of 27111
This just gets worse and worse.
Does anyone know what it all means?
Will we put out of our misery tomorrow?
Why can't I pick less stressful stocks?
I need to lie down in a darkened room now.....
hewittalan6
- 02 Oct 2006 17:02
- 20584 of 27111
This is how the LSE explains the second one;
Notification to the market of an additional order entry period designed to reduce the likelihood of unrepresentative closing prices being generated.
aldwickk
- 02 Oct 2006 17:05
- 20585 of 27111
I said the FSA was monitoring these, suspension tomorrow.
AdieH
- 02 Oct 2006 17:17
- 20586 of 27111
Been advised it means that a large bull/sell is waiting to go through....
greekman
- 02 Oct 2006 17:38
- 20587 of 27111
Hi AdieH,
Yes, thats what I meant re above agreed volume.
It's likely to be a very large deal that is incorrect, that would falsely move the sp due to market re action. ( I think).
Could be a buy or sell.
hewittalan6
- 02 Oct 2006 17:42
- 20588 of 27111
I read that the perameters for this action are if the uncrossing trade would be more than 3% different to the closing price.
Still no wiser, but it sounds like one of 3 scenarios;
1) Someone on the keyboard is all thumbs
2) Huge buy or sell order that imabalances the auction
3) Some bugger has been caught with his hands in the till.
I'll go for 1)
Alan
stockdog
- 02 Oct 2006 18:25
- 20589 of 27111
My guess is that at such a low price, the absolute price movement breaches a pre-set percentage of the price.
Imagine SEO at the 50p party and it moves by - say - 5p at closing auction = 10%. That could be an "unrepresentative closing price".
Well at a price of 1.35p the absolute movement does not need to be very big - a .25p tick is 18.5% of the underlying price.
Not that I understand the closing auction at all, but I can understand the trigger mechanism here.
Funny really, I was thinking about building an extension with SEO profits. Guess I can do it now with SEO share certificates!
Talk about Ethelred The Unready - thinking of changing my name to Nun The Wiser.
sd
hewittalan6
- 02 Oct 2006 18:45
- 20590 of 27111
On the plus side, I was thinking how stupid I am.......but it turns out none of us know so I am in good company.
Now, what kind of fool would invest their money in a market situation without knowing how that market works?