Tipped by the independent 2/01/2004

........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".

"House broker Collins Stewart has set a short term price target of 14p but believes that there is material upside to this price in the next 18 months. Consensus forecasts are for 6.9 million pre tax profits for this year, more than doubling to 13.9 million in 2005"

shares mag

Thats oviously why there are now over 4 Million shares bought today with no increase!!! Frustrating or what

can anyone tell me if those big trades this afternoon were buys or sells....thanks

Someone's having a laugh. 8.5 Million buys! Then 4.5 million share transaction as the market is closing. You would think someone has been instructed not to let the price go over 8.00pence.

Its no fair to us small investors when the mm do not play on a level playing field. Wish I knew what those trades were too. Again good healthy buys and we get nothing.

They look like sells at 7.75. not sure though

i agree that the trades going through at 7.75 must be sells but there was also a 3000000 @ 7.82....was that a buy.....does anyone know

zscrooge,

do the Collins Stewart projections include the recent acquisition of Accent?

Funny old day again, over 2 million buys NIL sells and the preice hasn't changed. Does anyone know how much stock the MMs are sitting on. It would be useful to know how much of an overhang there is in this share.

Regards

PTH

my guess would be an institution is bailing out big time on the back of renewed retail investor demand on the run up to the results....

I don't have a good feeling about whats happening here, hope I am wrong!

Mack if "an" institution is bailing out then there are others sitting on big losses !

Could it be that it is being shorted on the Berlin exchange ? it is listed there !

If it is then when they close........................WOOSH

Had a look at YAHOO - It lists PXC in Berlin with a price of 0.9 Euros but does not show any trading

This could be the ghost exchange they were talking about.

6000000 trade just gone through 7.77 can anyone confirm whether it is a buy or sell

2 more trades @ 3250000 @ 7.85 are these buys or sells

17,947,445 buys
13,671 sells
184,506 unknown

confused??

oakapples142 hello
could u tell me what it means the fact pxc is listed in berlin stock exchange. many thanks

seb - Hi - regret I dont have such knowledge - may be Happy 1 (see post 298) can enlighten us. It was he/she that encouraged me to look at Yahoo

No move in SP despite bigger buys now going through at 8.12p

Loads of info here

http://www.fillyaboots.com/?mount=/Frames/whatwe.html

For in depth stuff on US but you need to subscribe

http://www.investrend.com/articles/defaultFinancialWire.asp?level=160&pageNum=6

On the positive side, when a company manages to delist itself or a company deals with the issue, then the shorters have to cover their positions and this may lead to a positive outcome for sp.

See also my thread on Virt-x.