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paulypilot - Tue, 20 Dec 05 :

Hi,

Scotswhaehae - all I was saying is this - that X trades are irrelevant in terms of the market price, because they are a matched bargain between willing buyer & seller, i.e. none of the stock hits the Market Makers, so has zero impact on the market price that they set.

But I agree with you that it's always interesting to know what large trades are, just out of curiosity as much as anything.

Bit surprised at how far these have retraced, but my guess is that it's down to 2 things;

1) MM's definitely short after the huge run up in price, so it's in their interests to snap it back down as fast as possible, and
2) Increased volatility will be a fact of life here, for pretty much the same reason - they're moving the price on as little as 500 shares traded now, sometimes.

Also, may I take this opportunity to extend my best wishes for Xmas & the New Year to the vast majority of sensible & pleasant posters here. We've had some really interesting discussions about IND during 2005, let's hope that continues next year !!

Regards, Paul.


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