RE: Added more9 Apr 2021 11:25
Hog, not being rude believe me, you are absolutely right.
Anybody with half a brain should be able to see the system is flawed.
We have a spread of 3.3p to 3.5p and none of the trades resembled either extreme so they are not credible!
And then there was a trade that put the rest into perspective!!!
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
09-Apr-21 08:18:06 3.205 220,026 Sell* 3.20 3.50 7,052 O
09-Apr-21 09:14:52 3.34299 200,000 Sell* 3.20 3.50 6,686 O
09-Apr-21 08:59:03 3.34299 44,541 Sell* 3.20 3.50 1,489 O
The 3.205p transaction confirms the low end of the spread, leaving the top end as dubious!!
So why are all the other other trades so much more than 3.205p???? Because they are buys!!!
As I said yesterday this is prevalent because the price and spread is so limited!
We can see the details for LSE above.
This is the real world on IG at this moment to BUY! Why do LSE persist with this crap system?
Miles below the top end and daylight above the bottom! LSE would record it as a sell for certain!
Current price 3.49 3.60
Quote price 3.5175