Yes mate I know thats all perfectly legal....and they can and do use that to their advantage.
They could quite easily put the trades through at the correct time if they wanted too but will put them through delayed so that pi's mis-represent them....
Many time in the past placing shares pre sold into the market are put through as a large delayed buy to encourage pi's to pile in... This then allows then to offload all the shares hitting them market with ease whilst the pi's create their own feeding frenzy...
It is perfectly legal for reporting of trades to be delayed - for several days in some cases. Sites like LSE and iii just guess on whether a trade is a buy or a sell based on the offer/bid at the time, and we've all has plenty of our own trades shown incorrectly. For delayed trades, the reporting is even more inaccurate because they still use the current bid/offer even through the trade occurred hours or days before. The MMs aren't doing anything illegal at all - it's not their fault or responsibility that sites like this one use crude tools to guess buys and sells.
hello, I hope you are right...still as you know with XEL anything could happen. When you think we are looking good and have settled...they take it down.
Interesting large trades though ? I don't know the origin of the sale, yet being optimistic...perhaps on the basis of lets see before we buy.....news could come anytime. I made a bungled trade last week, lost a few shares...serves me right !! I wont be doing that again for a while...I'm very wary...something is cooking behind the scenes that their is no doubt.
appear as sells its because the MM want people to think thats what they are.... Exactly like when a big placing is coming on a share and they make the big trades appear as a buy to entice people to pile in....
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