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SOLD AT 1.15 NOW 0.73 TO SELL. PATISEAR YOU ARE MY HELLO.

alan .... you are sounding more and more like me

Bubble burst...never met a stock like it !

cynic.....I do try to emulate you!!!
I take sharedealing very philosophically though.
I win some, I lose others, but it's only money. Bits of paper with the queens ugly mug on it.
Sometimes a share like this can be worth the loss just for the entertainment and education value, and in the end, I'm winning on the whole.
Speaking of education. Why does the bid/offer keep reversing? Sometimes quite alarmingly. As I write this its 1p vs 0.8p, but the wrong way around!!!

224m volume already today...stop-losses and profit-takers combined with the bewildered and dumbfounded me thinks!

If nothing else, its a taste of what could/will happen when some decent news is released!

ITS MAD 1P V 0.8. NOW 0.95 V0.95.

Is there a risk of suspension due to these wild fluctuations?

I agree the management should be hung, if thats what you mean ;-)

Just noticed that when the spread reverses, or equals, it is followed by an uncrossing trade.
I'm not certain what an uncrossing trade is or how it works, but think it is a counterparty sale on the MM's. If so, this lends weight (I think) to Patisears prediction and rationale. I think. Perhaps. Maybe.
God alone knows.

With depth of Buys at 12 3,455,477 and Sells 52 33,022,188 we could well see another dip, whether temporary or not remains to be seen.

everyone seemed very keen to talk % the other day ...... am i therefore right in thinking sp has dropped something like 30% this morning ...... bugger all in true monetary terms of course

XSTEFFX

Glad you made a profit.
I'm waiting for the SP to go sub .80p. and depending how it gets there {might even wait for sub .70p} will top up another 1mil.

Nope, cynic, about 12% at the mo, but it could be anything in the next minute!!!
Anyway, if you stick a grand in a stock and lose 12%, its 120 gone, whether you buy at 1p or 10.

don't disagree, but getting excited about % can be very misleading indeed, especially if one "forgets" to take into account dealing charges and the spread, which looks to be about 7.5% here

of course, sp is arguably down about 30% from its high today!

Losing the logic here.
The dealing charges are a flat fee, so that applies to all stock.
According to what you say, a rise in the SP of 10% would be irrelevant, as it is a small SP, but a 10% spread would be very relevant.
Surely you can't have it both ways?

Of course, SP is arguably up 100's of %, depending on where you draw the start line. To draw it at todays high seems somewhat arbritury.

In the half hour prior to 'the drop', trades were pitiful, about two+ million.
The first two hours saw nearly 200 million shares traded.
Over the past 5 days, I believe most shares traded came from the Brokers stash.{As most were buys}
They need more SEO shares for next week {results on 14th} when it will be in fever pitch[greed, lovley greed].
Over 283 million SEO shares traded so far today.
High % on Plusmarkets today was 17%.

i am only teasing of course ..... in fact, if dealing charges are a flat fee (rather than % of value!), then they are disproportionately high (in % terms) per share when dealing with joke-value stocks ... certainly spreads are a very different matter, and in top-stocks, that can be very low indeed - e.g. <2%

Agree that spreads are significant, of course they are, and are often a good indicator of coming movements. But there is no disproportion in the dealing costs. If I buy a grand of stock, it costs me 12.50 (or thereabouts). This is 1.25% of my stake, regardless of the stock concerned. It only becomes disproportionate when the amount invested changes. On 100 stuck in, its 12.5%, on 10 grand its 0.125%. The SP is irrelevant.

The results will be terrible as usual : the only hope is the possible promise of a big contract.

i'll stop the teasing - promise! ..... it's just that some people get absorbed with % .... admittedly with CFDs it is, or at least can be slightly different ..... e.g. i don't always stick by a -investment criteria and certainly if trading indices (dead scary at times!), the fee is about 10.00 x 2 per contract and the spread somewhere between 2 and 6 points depending on the time of day