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Here : https://www.sharesmagazine.co.uk/shares/share/AVCT/trades?page=53
Mow. Where do you see a list a week old
Will check but there were only ones for smaller volumes that added put to less than 2k.
Mow. I wonder if they can consolidate into a group. Seems wrong if they can i know
yeah - I rechecked and I can't see it - even later that day. 16th Sep 2000 shares at 174.45 at 9:35am. How late can they be reported do you reckon?
Sleepy No I'm not really HNW either
Mow. Willing to be corrected, but even a broker would have to declare a trade. But perhaps it appears late
Rich. As I mentioned earlier I don't really have an opinion on closing auction as far as aprice indicator. All the orders in those lists are from The MMs apart from 2 of which I put there to demonstrate that anyone with DMA can put an order up at auction. and another 2 orders from others
So it was always obvious that when I place a limit order with HL that it won’t appear on the order book as HL only execute when the spread hits your price. So what the MM declare on the order book is only what they are willing to buy and sell? I have often seen my buys appear on the sharesmagazine trade data but lately I’ve not seen them. would I be wrong in assuming that some of the buy/sells happen within a broker? So really a ****load of data is missing?
No I'm not a professional in any way, but I used to be IT manager for an oil trading/retailing company and picked up a lot from there. Behind all oil trades there is a lot of future/ derivatives trading to hedge stock, plus all the traders would dabble in shares, so got to learn just a little bit. But I'm not an expert in anyway
DMA is available from IG but not on their web platform you have to sign up to L2dealer which is a text based installed program, but it's advantages are of use mainly with SETS stock
So, they have more to show than they show?
Is this a fact or an opinion?
Still don't know your view on the closing auction.
Just going to have something to eat and might log back in later bit still not seen anything to alter my hold and buy stance or anything with facts rather than conjecture as I see it.
Keep it coming. Loving the to and fro.
Cave Exigo
Just tell me if its none of my business Phantom but I'm interested in how you obtained DMA.
HNW Investor?
Experience in the Industry?
Flexible Stockbroker?
Combination?
Rich on your list of auction shares available those number of shares are only the quantity that the MMs are willing to show, they will actually hold a lot more than that number displayed. And in effect they get replaced with more from their holding as they sell them so no one knows the true quantity to be cleared at that price
I think Richob you are right to cave exigo. Some quick minded traders out there but if you are a LTH not a problem
Never had NT with HSBC, not that it matters.
I am more interested in alternative views on the auctions.
Cave Exigo
I'm not saying MMs are solely to blame for price level, but when you can only buy from a MM or sometimes your broker the price can be manipulated. Whereas on the SETS system PIs can trade with each other via a true order book. How many times have you tried to Avacta shares and get a 'no trade' despite the fact that all the MMs are advertising 5 blocks of 5000
I don't think I am in an argument, just a discussion about differing opinions on what level two and auctions show on our share.
To date, since March, this has worked for me.
Irrespective of what I see as just other views, I am yet to see or read anything that alters my hold and buy stance, so will continue with that.
Keep it coming, particularly comments on the actual auctions, the numbers of which were posted earlier.
Cave Exigo.
Just to add one advantage of L2 for AIM stocks is that you can see is the individual spreads from each MM and how they are moving the spreads either up or down
But apparently mm's do what they like don't they? It's them who take the blame mostly when the share price goes down, not people selling because there is always more buys than sells?
The problem with your assumption is that you think the order book will not change before the price clears your hypothetical resistance level. That's just not the case. sorry
Rich & Phantom, I greatly appreciate your discussions, especially Rich’s daily update at the end of the day. Fully behind DOHs suggestion on further reading. It’s also good to de bug the myths around investing/trading. I believe the better informed the investors are, the better support we will have for the share(s) and in the long term, it will benefit each other.
Doh it's OK its not an argument just a discussion.
Rich The only thing I would point out is that my Buy order for 100 at 120 is on your sell list and also where is my non DMA(retail type) order at 199
Same here DOH... I’m learning things from Richmond & Phantom. That’s what BBS are all about. Thanks to both of you.
So you neither agree or disagree with my summary of the auction?
Cave Exigo
L2 not L"