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What’s nice about AIM, it’s so transparent and based on supply vs demand. NOT
All of the other market makers have run out of shares. Conaccord have taken them all soaking up our sells. I'm not sure what happens now.... Share price rises to encourage sellers perhaps? Or a tree shake to hit stop losses, but that is risky as there will be loads of people with buy orders around this point. No good if the market makers aren't selling. It's a fix! Only a fool would be selling that's for sure..
Possible news coming as seems very strange to go NT suddenly
ive just tried on my halifax isa and cant buy anything
Cant get a buy quote for any amount on HL
N/T to buy on IG, can't even buy £40's worth at these prices. Funny, can sell 1.5million or 1500 shares for £1.925. One of the MM's are mopping up the sells whilst I can't buy. Anyone else getting Negotiated trade to buy small amounts?
Done dummy test - can sell but can't even buy £800 - don't know what's going on!
Rejecting orders these. Is that a good or a bad ting?
good luck with LSE!
The proper price after the auction is indeed the UT price imo. As soon as the next trade is posted, the price reverts to the mid price. But trades are most often either side of that arbitrary price.
I have only posted as its quiet here without news.
I will leave it to others to comment further as I have said too much really. I do comprehend your well explained argument.
........theres lots to recycle and gasify in my trolly......ha ha.....Reg
.......just topped up my ISA with 13k Eqtec trolly dash......Apart from WW3.....nothing will stop Eqtec this year.....Reg
An example is now, the share price should be 1.925 not 1.92. The UT has caused a disparity
If that was the case, why without fail, every morning at 8am an adjustment is made that amends the previous closing error
I understand your argument. My view differs. But thats life!
When the auction occurs, the outcome is the UT but often auction closes without the need for an UT. If there is an UT then surely that is indeed the then price for the stock.
Mid prices are entirely arbitrary and dictated by the MMs adjusting the advertised spread. I always look at my holdings based on the closing bid price.
Uncrossing Trades should not dictate the share price. The share price should always be the mid point between the ask and the bid. About 6 months ago LSE made software changes and this situation has occurred since then, it did not happen before this. Throughout the day, every time an uncrossing trade appears, you will see this error occur. Posters should bombard LSE with emails insisting they adjust their software as this is confusing so many investors.
8.15
I apologise in advance if I have misunderstood.
THE UT (uncrossing trade) is indeed the closing market orice when there is such a trade. If the market closes without an UT then the mid price is correct.
Google for example, has a system where the last trade is the price - that throws up all manner of false prices when late trades etc are posted.
Ultimately the only price that matters is buy in and sell out sp :)
Thank you for clarify. Makes sense now. (Thumbs up)
Astonishing that they still haven't resolved this isn't it.
It’s because the Uncrossing Trades are being posted by LSE as the share Price. Which is incorrect. Have bought this to their attention on numerous times but still they have not corrected their software.
Does anyone know why for the past 2 days we are showing as previous day close at 1.90 when both days closed higher?
For example, yesterday’s close was 1.98 yet today it’s showing yesterday’s close was 1.90 again.