Quote:
Originally Posted by vicz
Yes today about 7000 shares sold, about 1000 bought, yet price goes up 10% ?
Not a good indication of what's really going on methinks.
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I believe this is because Phorm stock is traded in part using the LSE SETS orderbook system.
In essence as a buyer I can input the maximum price I am prepared to buy at - my buy order could be input as "buy 1000 shares at between 1000p and 1100p"
If a seller is prepared to sell to me at that price, the SETS system automatically matches the trade without any negotiation between buyer and seller. A possible methodology for the Phorm stock price to be manipulated. To be clear I have no evidence to suggest if this is happening or not.