Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 09-05-2008, 19:21   #6245
SMHarman
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by AlexanderHanff View Post
Just look at the size of the trades, it is blatantly obvious that there is a very serious effort to ramp the stock, very small trades selling at high prices.

I would suggest someone has a lot of shares they want to dump but they don't want to make a huge loss on them (bought them at 20+) so they are trying to get the price up in order to dump them again.

There certainly isn't any news I can find anywhere (not even on Phorm's site) which can otherwise account for today's market activity.

Alexander Hanff
No it is not. This is a small cap, thinly traded stock with high volitility. When you buy or sell you are likely to be doing it through a market maker that needs to hold inventory to be able to make that market. Market makers don't like holding inventory that costs them money, a cost to carry and a cost or risk of price falling to less than you paid. To mitigate this latter risk the spread, the difference between buying and selling prices widens.
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