Member Info for _Mr_Big

Are these genuine buys, or could it be just morning shorts closing?
Not that it makes any difference to anyone apart from day traders...

Hi All,

Keeping a close eye on the trades - it looks like the vast majority of them are for absolutely piddly amounts: £100 here, £1k there. Anything over a couple £k seems rare. Even the occasional £20k is laughable when you consider the market cap.
Is this an Aim thing or something specific to EUA? The mad price fluctuations look a bit strange against the backdrop of the micro-trading?

Thanks.

I guess what I'm getting to is that if the actions are illegal, the regulator would have to address them and be transparent about it. My understanding is that the licencing of MMs is done by AIM or LSE (?), but market abuse would still be in the FCA domain and I expect FCA to be independent (albeit their effectiveness in dealing with any conduct issues is questionable).
What mechanism did you previously use to report suspected abuse to the FCA?

Leaving emotions aside, are these actions technically legal? As immoral is it may be to screw over PIs, if that's the rules of the game, no petitioning will ever change this (imho). Drawing a parallel with poker (a more familiar form of gambling for me) big stacks would always push small stacks and make money on it.

Perhaps, more experienced and knowledgeable investors can advise.

Link was for gov.uk Financial Services Act 2012, section 90. Removed for some reason.

Well, as Nixan said, this is more the job for the regulator, who gets funded to deal with this nonsense, rather than EUA who should be focusing on selling the assets (This pup's gotta fly boys and girls!).

It would really help to understand the actual mechanics of the two drops we have experienced over the two RNS.

Regs seem to be pretty black and white at first glance:
http://www.legislation.gov.uk/ukpga/2012/21/section/90/enacted

90 Misleading impressions
(1)A person (“P”) who does any act or engages in any course of conduct which creates a false or misleading impression as to the market in or the price or value of any relevant investments commits an offence if—
(a)P intends to create the impression, and
(b)the case falls within subsection (2) or (3) (or both).
(2)The case falls within this subsection if P intends, by creating the impression, to induce another person to acquire, dispose of, subscribe for or underwrite the investments or to refrain from doing so or to exercise or refrain from exercising any rights conferred by the investments.
(3)The case falls within this subsection if—
(a)P knows that the impression is false or misleading or is reckless as to whether it is, and
(b)P intends by creating the impression to produce any of the results in subsection (4) or is aware that creating the impression is likely to produce any of the results in that subsection.
(4)Those results are—
(a)the making of a gain for P or another, or
(b)the causing of loss to another person or the exposing of another person to the risk of loss.

Thanks Nixan.

Just kidding about the kids' college fund (I'll probably gamble both of them away!) but genuine questions re price manipulation (if it is even classed as manipulation) and late trades. Not trying to moan about the price drops (I didn't get affected as I did not realise stop losses existed), just trying to understand what's actually going on. If it is illegal, the trace, the data, the proof is right there - it's not like one can hide it?

Hi All,

Don't have much investing experience and don't really know what I'm doing, but thought I'd jump on the bandwagon following all the positive posts on this forum.
Then read dimsum's and lamtree's posts and doubled up.
Then doubled up again when I saw the price jumping up and down at what I see as neutral and positive RNS...
Way too deep now, so if this thing goes bust I'll have to pick which one of my kids aint getting a college fund.

Anyway, a couple daft questions:

Surely, market manipulations that we've seen on RNS must be illegal? If they are, how come the mms/traders keep doing it instead of losing their license and getting violently porked in prison?
Can somebody explain to me why the trades are appearing outside of the trading hours (that defeats the whole concept of trading hours, doesn't it)? Is that just a time lag between the trades being placed and the info appearing on lse?

Thanks and good luck.