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".

Oakapples,

remember the moneyam software is only interpretating the trading information for us, and IMHO is giving duff information on what are buys/sells...

the market(MMs) know what the real level of buys/sells and the usual supply/demand dynamics kick in as far as where the price settles...

a further fall in mid price looks on the cards based on today's trading patterns....hope I'm wrong!

Thanks again - on this occasion it would be nice if you are !! -= I am having a really good day across my portfolio - wife is just about to spoil it (taking me shopping!).

MMs must be watching this board!!

had just finished typing last comment and they have moved the 'offer' from 7.8p to 7.95p

weird!

Mack1705

If they are it would be nice to have some straight answers

Troy,

a straight answer from a MM!!!

more chance of Lord Lucan riding Shergar at 3.30pm @ Doncaster on Saturday!!

Sorry Mack1705 i was in dreamland again.

LOL

but on a serious note I expect to see a large protected T buy showing up on our screens, to explain the spread going from 7.75p/7.8p to 7.78p/7.95p about 45 mins ago!

gone very quiet!

no trades since 13:45

calm before the storm!

Would of expected some movement before tommorrow

no large T trade yet?

wonder what made the MMs widen the spread this pm?

Mack1705 - the market feed simply the price and volume information of each trade. There is no buy/sell flag in the data so it is left to the receiver to interpret this. MoneyAM software displays trades below the mid-price as sells and above as buys.

Further confusion arises because sometimes reports on trades are delayed (all within the market rules, apparently) and MoneyAM will interpret them according to the price at the time of reporting, again skewing the buy/sell view.

So when you see an order for 1,000,000 reported as a buy (i.e. bought from an MM) that isn't always accurate. I don't think there's anything that MoneyAM can do about this as the limitation is in the marked data feed. It's all part of the stuff that keeps insiders better informed than the small guy.

Doug

dclinton

do you know any sites where you can get any accurate buys and sells

interesting MM buy @ 7.92p - 1,000,000 shares

Mack1705: I've just noticed that. Most encouraging!

grevis2,

hopefully we will see a few more and then lift off!!!

Could we see an upward turn in the share price now ?

MM's in again for another 500,000 buy

Isnt a "M" purchase just a MM selling shares to another MM, I cant see haw that is either good or bad!! am I missing something here???

I know that we ve been in a side ways trading market , but this takes the biscuit! We will all have to wait and see what tomorrow brings i guess. Tips, analysis with buy calls, 60 % discount to sector, seems to mean nothing!

Wonder what the house Broker is thinking???????????????????????????????????

simon,

MM transactions are very important...

basically our erudite MMs are unable to purchase sufficient shares from the punters to supply buy orders so they source the shares from other MMs....eventually the price has to go up in these circumstances because the supply of free float shares from the market has dried up...