Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 18-07-2008, 18:28   #12162
AlexanderHanff
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by Portly_Giraffe View Post
Looking at this week's trades on iii, there appear to have been several Buys above the Ask Price for relatively small blocks. For example, today at 09:42:40, iii is showing a Buy of 500 shares at 11.00 against an Ask Price of 10.75.

My understanding of how share trading works dates from the late 1980s and is now probably a bit rusty and may not apply to AIM. However, I thought that as long as a trade was within Size then it would take place within Spread. And I would have thought that 500 shares would be within Size for PHRM.L.

Can anyone here enlighten me?
I had a mystery message from my smoking man recently stating that Kent has been hopping mad about the share price and also that he apparantly has ways of making it jump when it has suffered a significant decline (which seems to tally with what we have seen regarding strange buys at significantly higher than the Ask Price). But as always, anything from my smoking man should be treated as speculation as the nature of the communications makes it impossible to confirm them as fact or not.

Alexander Hanff
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