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".

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...

point to ponder!

why would a MM pay 8p for 500,000 if the best price achieved today is 8p!

surely we need some trades above 8p to justify this MM purchase???

Thanks Mack1705

Thats an interesting point, is there not a chance a MM has so many that he sells them to another MM to get rid of some???? saying that, I guess the other MM would not really want them.....

Fingers crossed for tommorow, I would not be to supprised to see them drop like stones for the next few days even with the good results, it seems to do that sometimes, I purchased ASC at 11p earlier this year, the results where good and the price bombed, I got out at 9p, now oooo, what 60p, six months latter, I aint falling for the tree shake so easy in the future...

simon,

I'd like to think that PXC has a hell of alot going for it than ASC!

as you say fingers crossed for tomorrow...

Indeed...

Looking at the ASOS website put me off :)