George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Also this is why seeing a 1m buy is a good thing as somebody instructed a broker to get 1m worth of stock so the prices fell as 10,000 people (say) decided to sell 1m worth of stock so a large investor could get in - that’s a great sign of large funds or investors buying in farming panic sells aka tree shakes
We should add that’s why the spread changes throughout the day as the brokers have to widen or close the gaps to make decent margins on fling the buys & sells.
Thanks MrBOOHOO (love that name) & good example Steve.
If anybody trades on SYME, ALBA, EUA etc you will see on Level 2 there are ONLY brokers (aka Market Makers) and they intermediate trades.
Starting to get hilarious and infuriating that people are talking about continuation gaps and gap filling like they are the most obvious and inevitable thing ever on one hand, then completely dismissing market mechanics with the other or just trying to BS on how the basics work.
I have got some crayola in the car, if you guys want to start drawing on some pictures.
Kittykitty another great explanation on the mechanics of the market, never as simple as 1 buys and 1 sells
"so if someone sold 5m shares it also means someone bought 5m shares"
@wyndrum completely wrong, there can be a seller of 5m and 50,000 buyers driving the price down until the order is filled. You are letting your grumpy cokyness get the better of you now. Yes it does 100% matter!
Shares don’t go from buyer to seller the go via a broker & the buy/sells don’t correlate. Just because 10m shares are sold it doesn’t mean 10m are bought. Multiple brokers are involved & buy/sell throughout the day. Brokers may also accumulate multiple sales over the day to fulfil a large buy order. It is never a direct one to one it’s a direct buyer to broker or seller to broker. The trading algorithms try and match the buy and sell side based on what’s published in the order books & many brokers drive that.
Spot on Bruce
Not quite true that for every buyer there is a seller. Jobbers may take a short or long position. Remember they are principals. Then there are shorts such as borrowing or lending stock and various other trades such as options and cod so the picture can be muddied.
Reading a lot of the posts recently it is clear that many here just like the fun of "playing the man and not the ball" in that much of the message of the post gets lost and a generally mild slanging match of many posters take place.
The claresmith thread was interesting to me because it is not relevant as to how "true" the poster is, but of more importance was to realise that Boo does not operate in a vacuum. There must be a number of similar companies trying to figure out how to either slow boo down or actually take some of their market share. It could be they have left it too late and equally it could be that boo are just better and will stay better at this than them, but it is inconceivable that they won't try harder now, now that shops are in what looks to be, terminal decline.
Again, a ridiculous and fruitless time is spent on looking at trades, how many bought, how many sold. Just realise that for every sell there is a buyer, so if someone sold 5m shares it also means someone bought 5m shares, and if you understand that, then you might understand the pointlessness of watching these trades? (I think that is step too far for most however. )And again fruitless inaccurate pointless predictions on where the SP will be at any given time. Why do you post these things? is it to reassure yourself or others, because if it is you do not have the mental strength or temperament to do this and you will simply over time lose money. (There, that is a prediction, and its one I am 100% confident will happen)