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andy mac
Posted: 16 January 2017 13:51:01(UTC)
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I am missing something

I took profits last week and couldnt get a trade on Iweb platform to sell
It seems to have dropped 25% in 2 days
I cannot immediately see why

Is it a falling knife or just correcting
I had decided last week to go back in but will wait for it to stabalise
Can anyone cast any light on the sudden fall

Thanks
CUEBALL
Posted: 16 January 2017 14:28:58(UTC)
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Looks like they've joined me at Gatc..lol
Micawber
Posted: 16 January 2017 15:34:03(UTC)
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When this sort of thing happens a week or two before results (due 24 Jan IIRC), I am always suspicious that there's some sort of leak about results not being as good as expected. Certainly expectations have been very high.

Just as odd was the sudden surge after Christmas by over 20%. Even with today's fall PRSM is still 2.3% up on the price of 23 Dec 2016.
1 user thanked Micawber for this post.
andy mac on 16/01/2017(UTC)
srg751
Posted: 16 January 2017 16:24:55(UTC)
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Micawbers pointed out the most likely scenario...A leak. ... welcome to AIM Andy.
When these kind of companies sell off, don't rely on the quoted sell price either. My last experience was trying to get out of Trakm8 at around 385, which was the quoted sell price, but in reality the best price I could get was sub 340.
I got taken out of Prism on Friday by the way. Small profit but, that's no bad thing, as I've said before, I'm getting too old for AIM.
(I think I posted just last week regarding this issue. I said that you can lose half your money overnight)
.
Unless you do your homework as Micawber clearly does, your not going to have the conviction that's necessary to persevere when the price tanks.
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andy mac on 16/01/2017(UTC)
andy mac
Posted: 16 January 2017 17:20:03(UTC)
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I now see that there was a first and a Second Price Monitoring Extension

So what is going on
Keep the explaination simple
I assume this is why Iweb would not give me a price but is this to stop someone fiddling the prices or to give people a chance to get sorted

Can you anticipate these things in advance

Thanks
srg751
Posted: 16 January 2017 17:31:43(UTC)
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andy mac;41687 wrote:
I now see that there was a first and a Second Price Monitoring Extension

So what is going on
Keep the explaination simple
I assume this is why Iweb would not give me a price but is this to stop someone fiddling the prices or to give people a chance to get sorted

Can you anticipate these things in advance

Thanks



Copied this Andy, its easier. .


Price Monitoring Extrension,

: After the bell: Stock prices scramble
: London's closing auction process explained

: By Vince Heaney, FTMarketWatch Apr 24, 2001

: Ever wonder why London stocks stop trading at 4.30 p.m. but prices jump more than 5 minutes later?

: The reason is the use of a closing auction process at the end of the normal trading day.

: The London Stock Exchange introduced the system in May 2000.

: "It is generally seen as the most efficient way of discovering the closing price," the Stock Exchange's John Wallis told FTMarketWatch.

: The process is in use across much of Europe. Indeed, the mathematical algorithm used in London to calculate the closing price is a European standardised one.

: Auction nitty gritty

: Throughout the regular 8 a.m. to 4.30 p.m. trading day there is automatic execution of trades in SETS stocks. SETS is the Stock Exchange Electronic Trading Service, otherwise known as the order book.

: At 4.30 p.m., automatic execution finishes and the market moves into the auction period. The initial auction period runs for five minutes, during which time market participants can place both market and limit orders.

: A market order is one without a specific price attached, which will be executed at the best prevailing price. A limit order is one that has a specific market price level attached to it.

: A mathematical algorithm is used at the end of the 5-minute period to calculate a single closing price for the auction, calculated to be the price at which the greatest number of shares can be executed.

: During the auction process an indicative closing price is displayed to allow market participants the opportunity to adjust their orders.

: "Almost all the time, the auction process will be completed by 4.36 p.m.," said the Stock Exchange's Wallis.

: Price monitoring extension period

: However, there are two sets of circumstances under which the process can be extended by one, or if necessary two, 5-minute periods.

: The first exception is a price-monitoring extension. If the closing algorithm calculates a price that is more than 5 percent away from the average price during the last 10 minutes of normal trading (4.20 to 4.30 p.m.), the auction process moves into a price-monitoring extension.

: Much of the demand on a "normal" day for the closing auction will be from institutional participants, such as tracker funds that wish to execute market on close type orders.

: The volume of participation by these players tends to be heaviest at the end of the month or quarter, and on the days in each quarter when the FTSE indices, such as the FTSE 100 [UK:1805550] are re-weighted.

: If the demand to buy or sell at the close is sufficient to move the price outside the 5 percent band, then the price monitoring extension period allows time for liquidity providing or opportunistic market participants, such as market makers, to enter orders to balance the market.

: When the auction process was introduced last May there was initially a single 5-minute price monitoring extension period, but a second period was introduced in November 2000 to allow the market more time to close if required.

: Market-order extension period

: The second type of additional auction period is a market-order extension. If at the end of the 5-minute auction period there are market orders left unfilled - i.e., orders that are to be executed at best price, but there is insufficient volume to completely execute them - then the auction process trips over into a market-order extension period.

: In general, the occasions when there is a market-order extension coincide with days when there is a price monitoring extension.
5 users thanked srg751 for this post.
john brace on 16/01/2017(UTC), andy mac on 16/01/2017(UTC), Keith Cobby on 16/01/2017(UTC), c brown on 18/01/2017(UTC), Rob Guy on 23/05/2017(UTC)
andy mac
Posted: 16 January 2017 19:14:27(UTC)
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thanks srg

do these extensions usually indicate anything other than lots of interest
I assume the sp can either rise or fall but that the volume is greater after 4.30
srg751
Posted: 16 January 2017 20:49:22(UTC)
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andy mac;41702 wrote:
thanks srg

do these extensions usually indicate anything other than lots of interest
I assume the sp can either rise or fall but that the volume is greater after 4.30




Basically, if say the price was dropping dramatically into the close, after the uncrossed trades have been executed the re rated price could and probably would be more that 5% below the closing price. The extension is a period of time that legally allows the market makers time to catch their breath a re rate the stock accordingly.
It isn't something that the likes of you or I need concern ourselves with but it is an indication that there's an abnormal amount of activity in that stock.

What's the current buzz phrase ?? ..... False News ??....... It's been going on in Aim stocks for as long as I can remember.
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andy mac on 16/01/2017(UTC)
andy mac
Posted: 18 January 2017 11:49:10(UTC)
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More news ( false or not)
Now showing an increase of 15.9% this morning

Someone is playing silly beggars
S_M
Posted: 18 January 2017 11:52:05(UTC)
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I have decided to ignore the daily movements. Foolishly bought a 3rd slab of shares at £4.90 a few weeks back and sold out at pretty much the same price. Both original investment tranches are still showing a healthy profit.

Put it under the mattress and come back in a few years time hopefully to a spectacular windfall.
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andy mac on 18/01/2017(UTC), J Thomas on 18/01/2017(UTC)
Micawber
Posted: 18 January 2017 12:00:45(UTC)
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andy mac;41852 wrote:
More news ( false or not)
Now showing an increase of 15.9% this morning

Someone is playing silly beggars


The share price is very volatile. I am wondering whether the recent falls were more to do with one or two large holdings being subject to profit taking over a number of days in smallish lots.

I took my own profits and am holding what was my original stake. I'll take a fresh look after the results/report. But this still looks to be a good growth choice in the medium to long term, to me.

As is LTG...... Contrast with Pearson....

http://www.proactiveinve...argins-climb-171720.html
MAK
Posted: 18 January 2017 13:06:30(UTC)
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.
MAK
Posted: 18 January 2017 13:23:22(UTC)
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.
srg751
Posted: 18 January 2017 17:12:07(UTC)
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Now come on MAK,......spit it out. ....... don't be shy !
3 users thanked srg751 for this post.
john brace on 18/01/2017(UTC), MAK on 18/01/2017(UTC), c brown on 18/01/2017(UTC)
MAK
Posted: 18 January 2017 19:36:18(UTC)
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srg751;41907 wrote:

Now come on MAK,......spit it out. ....... don't be shy !



Yes,added some expletives then thought better of it.

Wanted to thank Micawber for the tip on PRSM(DYOR etc etc) and bought in Aug then sold Dec.Fully agree with SRG regarding AIMs.I made a profit which was totally a fluke.I aim to keep away as I feel totally out of my depth;will stick with a selection of Baron's ITs and TPs FTSE 100s.Phew.

2 users thanked MAK for this post.
srg751 on 18/01/2017(UTC), c brown on 18/01/2017(UTC)
srg751
Posted: 18 January 2017 20:07:01(UTC)
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You know what Mak, in the fullness of time, the rollercoaster share price ride over the past few days will have been good experience for anyone unfamiliar with Aim. Especially because nobody got stung.
But...... imagine if the price had gone down another 20% today, instead of recovering. I've been there, and you become consumed with self doubt. And if you're not careful, and don't have a plan, you end up like a rabbit in the headlights. It's a horrible experience.
No matter how good the prospects are, these smaller companies share price can be easily manipulated by some very clever people who will fill forum boards with false news, (derampers)
If the market makers run short of shares, they'll scare you out of them.
Someone asked earlier how they could obtain more info regard what's going on...........I'm afraid to say that you are the last to know. The price will have moved before you've heard anything.
If you buy on Aim following a tip, without Dyor, you'll never have the conviction to hold when the 'fun' starts.I used to buy oilies following tip offs, ......say,....for instance, .......from someone working the rig, and I still got whacked.
This is definitely not a slight on Blue Prism by the way, just sharing a few experiences.
4 users thanked srg751 for this post.
c brown on 18/01/2017(UTC), MAK on 18/01/2017(UTC), chazza on 18/01/2017(UTC), J Thomas on 18/01/2017(UTC)
c brown
Posted: 18 January 2017 20:25:09(UTC)
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Exactly. Parmead!
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srg751 on 18/01/2017(UTC)
andy mac
Posted: 18 January 2017 20:55:08(UTC)
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I had taken profits so was able to get out unscathed, having said that may go back into PRSM after the results come out

I had just got into Hurricane energy this time last year at 9p on a tip. Family and friends joined rose to 18p baled out, when it fell we went back in and again then it rocketed and then it steadied at 40p when I got out, then boosted to 52p and has oscillated there or there abouts.
Other family and friends recouped their initial investment and now sit on a tidy sum which is all profit at 300+ %

The original tip came from a family member who had originally bought at 40p at launch and had only said that it was in his pension pot and he was sure it would recover
He also tipped Lithium miner so I am waiting to see where that goes

Only use what you can afford to lose but you also need to know when to opt out

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srg751 on 18/01/2017(UTC)
J Thomas
Posted: 18 January 2017 21:48:15(UTC)
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I bought two tranches of Blue Prism shares. The first in early August for 220p, and a second at 531p a couple of weeks ago. So overall I am still in profit by 27% on the total holding.

I would agree with SRG, the price is definitely being manipulated by the market makers and when the results come out next Tuesday it should be very interesting.

I get the feeling there has been something of a tug of war over the last month, between sellers taking out large 100%+ profits and buyers looking to start a position in the stock. Until today, the sellers have had the slightly stronger hand.
It would not surprise me if there are a couple of large institutional buyers waiting in the wings who are trying to suppress the price and frighten out the smaller investors in order to buy cheaply before the Notice of Results on the 24th January. The amount of shares available is relatively small remember.
For myself, I am continuing to hold all my shares. The amount is about 1.1% of my pf, so manageable if a total loss, yet I do believe there is still much more upside and we smaller investors should not sell cheaply to mega pension fund incorporated.
CUEBALL
Posted: 18 January 2017 22:01:53(UTC)
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Tommo...of course the shares are being manipulated in order to keep an orderly market.

Market makers match buyers and sellers and have to have some incentive to do it

especially in such a volatile stock in which no-one has any real idea of its true value..Go to the

london stock exchange site where you will find a full explanation of how these shares are traded
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