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Apologies RMR you're spot on, got my wires crossed there.
PartyPooper
GGP have had 60m shares traded today, we are currently 10% of that, not sure I get you...maybe me!
Metal prices taking a mini beasting as well today.
Thanks halster
Ah well my 2 buys are showing as buys. Thanks MM's for your games. 19.45 and 19.38. Cheers MM's.
Gecko
"It’s not rocket science"
Seems to be in the sense that it's so poorly understood
"if I increase the MM position it’s a sell"
No! But often is
If you place a market order to buy and it's matched to a limit order sell then you and most other ppl it seems are expecting it to be reported as Buy, regardless of who placed the limit order
Market Makers are obligated to quote a but and sell price which they do by placing limit orders (just like you and I can)
If I place a sell limit order of 15p right now (with a significant volume shares) then the Ask/Offer price will immediately move to 15p (because I am offering the best price) - in general this will immediately get matched to a Limit buy so my price will disappear very rapidly
Now let's say I set a limit order to sell at 22p. If the MMs move their Ask price above this (and the Offer had already moved above it) then the Ask will be set at my 22p. The next buy market order will be matched to this, and the trade would be marked as a "Buy" because the Buy/Sell algorithm is trying to identify who the Aggressor was (the side of the trade that used a Market Order)
This is all a long winded way of saying that the Buy/Sell is generally meaningless, all it does is try and establish whether the Market Order was a Buy or a Sell, and that the person who set the limit order may or may not be a Market Maker
RMR1969 Is 5.5m low for this share? GGP about the same in proportion to their market cap.
lots of skulduggery going on here, hold fast the positives far far outweigh the negatives
Its a war of attrition, they want us to sell shorts to cover
What about the way the spread is determined?
When we get a ton of buys for example near the close of play at one time they will raise the ask to say 20.50, then then one sell takes it back to 19.10.
So if you had a sea of blue near 4:25pm, the spread has just taken it back down with one sell near close of play and you suddenly end 4-5% down. It's sketchy to say the least.
Yesterday every time we hit 21p a huge drop followed, today that's at 20p a new point we can't break it seems. Volumes don't seem high enough for it to be all traders doing this, unless they're only trading small amounts! Definitely seems something is going on but no point trying to guess what!
Horse.mouth
Whilst that makes sense logically I am unconvinced that it always how it works, especially when you have relatively few trades overall, just 5.5m today so far which is tiny for this share.
There is certainly some manipulation going on and it is easier at these levels to do it I imagine.
I added a few today just couldn’t resist. Sold a dog on basis that this will get me money back more quickly than that one ever would have.....
GLA
The only way to suppress the sp is to imply more people or selling
the only way to suppress the sp is for there to be more sells than buys on the market!!
Yes that happens as well Ferg- sells showing as buys. As I said, the total sells and total buys figures are works of fiction.
A lot of people get caught out by the blue and red too. They’ll see a stream of blue and wonder why the sp hasn’t risen. It’s only when you look at the times and differences in shares, that you can tell straight away a lot of the blues aren’t buys and the reds aren’t sells.
I am a little surprised today tbh. So many people on here have been talking the an announcement or update might be provided tomorrow about the FSP. Whilst I personally don’t think we’ll hear anything, I thought a lot might have put some extra money here today, just incase.
This is the perennial problem all we want is the transaction to be correctly stated, if its a buy say so, it does not matter where it is within the spread
Well someone knows whether they are buys or sells because the sp has just gone down another 0.25p. Unless we’re going to attribute it to a tree shake.
ATB, Pete
At the same time every time I've ever bought it's shown as a sell so lots of the sells are actually buys too... we also know whatever happens the SP goes down so I'm not sure how relevant any of this is really!
But there are not twice as many buys as sells - lots of the'buys' are actually sells as you will discover if you do dummy buys and sells from time to time. Every bloody day this comes up. The total buys and total sells figures quoted on this site are not accurate. In fact they are wildly inaccurate.
Hi Sharpeye52w, with a name like that you should know about eyes :-) I've not got L2 and it was a while ago I made that comment. From what I've seen the figures only really make sense at the end of the day, in any case if buys are outnumbering sells it sure aint translating in to the SP.
2 versus 1 ratio
Twice as many buys as sells. Case Ajourned
But the volumes are what matters and buys outweigh sells (if it is correct) despite the 500k sell earlier. Data courtesy of JTMacs
Vol Sold 1,479,696
Vol Bought 2,997,411 ---- strong 2:1
Don't know what you're looking at mate. You and Mr Party pooper need to get down to spec savers
Once again, I have to observe that PP is correct. There are loads of buys but a great many of them are for seriously paltry amounts like £14!! Most of the sells are for £19,000 +!!
Not deramping - that's what happened and it didn't affect the SP much - unsurprisingly.