To Gige14 Dec 2010 23:55
For you to get involved in auction I use my Halifax Share Dealing account , I think you can do same with CFD Accounts. basically make sure you have enough funds to cover your purchase or intended purchase. For example when SGO was tipped the price was at 1.35p and was a recommended buy up to 1.5p (100,000 shares at 1.5p = £1500 , 1.9p = £1900 , but like most of us realized you could not buy them for 1.5p when the market was open at 8am on the Monday morning due to the massive buys pushing through. For at least 10 - 15 minutes most share purchases orders were being rejected, that is the time the auctions are taking place and the market makers keep the sell prices low and start increasing buy prices due to the buying pressure inevitably creating a huge spread. When finally all the orders are settled down the buy price was at 1.93p and buy for all, this eventually came down due to the spread narrowing.
What I did was put an order in at about 0750am for 65000 shares and put buy price limit up to 1.8p , at about 0805 the order was executed and the price I got in was at 1.63p £1059 +£12.95 commission but if I was to buy through standard buy procedure with the Halifax , I would not have got in below 1.93p which would have cost me £1254. So saved nearly £200 by placing a negotiated limited order. But please remember to put a limit to the buy price otherwise you might notice that your share/cfd providers executed your order at a stupid price! Please also note at these hectic times MMs and providers cause significant share price fluctuations cutting slices off your orders.
Also Iv noticed the bigger the order the better the price you will get in , but that stuff is for the big boys £25 - £50+ investments.
The other guy mentioned TLDH yes I also have holdings in them got in at around 9.2p but about the little research that I have done another dot domain will be coming next year 2011 and supposed to be really good for this and should rocket the share price. After all the World Wide Web is getting increasingly over crowded with hardly any .com domains available , If ICANN go ahead and TLDH are given the right to start selling and auctioning the new dot domains , Then TLDH price can easily rocket and the current price will look like peanuts talking 5 to 10 times higher. Looking very promising ! Sorry for the unusually length of this message but I thought Id include what I can to help you guys out!