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Range Resources Ltd Share Chat (RRL)



Share Price: 0.3655Bid: 0.355Ask: 0.41Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.055Spread as %: 15.49%Open: 0.3655High: 0.00Low: 0.00Yesterday’s Close: 0.3655


Share Discussion for Range Resources Ltd


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bobo
Posts: 8,199
Off Topic
Opinion:No Opinion
Price:0.375
View Thread (2)
RE: SP
3 Feb '17
yes Celtic it was a buy....and a sell.
 
bobo
Posts: 8,199
Off Topic
Opinion:No Opinion
Price:0.375
also
3 Feb '17
don't confuse what you see on L2 (sets book) with what the market makers are up too for retail trades. The two can be linked but just as likely not.

I would imagine most people on here use a retail broker, these brokers just route your trade to the mm who will deal the shares. Someone using DMA access is completely independent of the market maker and a lot of the time is dealing directly with another individual.
The mm do put stock on the book, these are the chunks you see appearing in the morning for 1m each, however these are usually too far away from the bid/ask to be relevant unless the price is moving rapidly.
If the mms receive a lot of retail orders via the brokers in one direction you will often see stock move about on the sets book, or possibly the mm takes them for a retail trade.

Ive also seen large trades through ISDX affect the SETs book which makes me think that the market makers on ISDX trade the SETS book alongside their ISDX trades
Celticheart
Posts: 10,255
Observation
Opinion:No Opinion
Price:0.375
RE: SP
3 Feb '17
I would put money that the 1.6 mill trade was a misreported BUY
bobo
Posts: 8,199
Off Topic
Opinion:No Opinion
Price:0.375
RE: SP
3 Feb '17
sorry I guess youre talking about the 1.6m trade. that was the reverse of what I described, a sell rather than a buy, but the mechanism is still the same
bobo
Posts: 8,199
Off Topic
Opinion:No Opinion
Price:0.375
RE: SP
3 Feb '17
if you've an order that's bigger than the amount of stock available at the price that's what happens with DMA.

lets say I want 2m at .36 but theres only 1m on the ask, I put the order through for 2m and I instantly get the 1m but the balance then becomes the bid.

i.e. ive bid .36 for 2m shares, the ask is wiped out and will change up to the next ask price. My remaining 1m moves the bid up to where the previous ask was.
Mickdee
Posts: 2,382
Off Topic
Opinion:No Opinion
Price:0.375
View Thread (2)
RE: SP
3 Feb '17
Becomes even worse when someone wants to buy the price turns right round.and the previous bid becomes the new ask. Explanations please on the back of a postage stamp!
bobo
Posts: 8,199
Off Topic
Opinion:No Opinion
Price:0.375
RE: SP
3 Feb '17
unfortunately mick you cant see the true supply of shares with 7.5bn in circulation. All we can see is the miniscule amount on the order book.

What you can see is that everytime someone bids for shares above .35 there are willing sellers. There could be 100m shares all waiting to be sold between .35 and .4
Celticheart
Posts: 10,255
Observation
Opinion:No Opinion
Price:0.375
RE: SP
3 Feb '17
But any mention of manipulation gets ridiculed and shot down, I wonder why that is ?
Mickdee
Posts: 2,382
Off Topic
Opinion:No Opinion
Price:0.375
View Thread (2)
SP
3 Feb '17
When you look at this mornings trading it is little wonder there is talk of manipulation. It defies all logic that at opening this morning it was bid 345 ask 39 and at the time I write this sales are shown as approx. 6 times the buys but the bid is now 375 ask 39.
It defies the laws of supply and demand that the price rises when most are selling - unless of course LSE are showing buys as sells but it still doesn't explain the rise of the bid price.
Trumploudly
Posts: 94
Off Topic
Opinion:No Opinion
Price:0.36
RE: Kev4
2 Feb '17
And 4 or 5 trades very near close of play and then at .36.




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