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JH, just scanned yesterdays trades, their was one 250k sell.
50k buys far outweighed the 50k sells.
Then we had the 3x large buys.
Warned everyone new guys would come and rock the boat and hear they are. Arriving with a know it all attitude and probably not done an ounce if research! 3 assets, 3 location, 3 different markets and each with enough damage to make a huge company! Don't matter if you have 10mins or 30 years in this game we all know the right piece of news makes fools out of smart men! Letting this ride till the end on my free carry see you all at that point
micktrick please tell me how the likes of the 250K etc sellers have been played ????
Thanks Zebra, that makes perfect sense. I do find it intriguing though how the sum of
reported sells plus the 2 unknown trades is almost identical to the number bought in
the last two big buys. It feels like the MM”s were working those two trades all
Day and the sellers have been played.
Or am I reading too much into it? ;)
Evening mick.
A lot of the late reported trades can be incorrectly labeled.
For example, I bought 100k shares at 9am when the ask was 17p and the bid 16p. By the end of the day the sp has increased to 18p ask and 17p bid.
My trade is not posted until the end of the day and because the bid has increased my 17p buy will appear red.
However if you were to look closely my trade will have a 9am time stamp. Then if you check what the bid and ask was at that time or what other trades were going through at that time, you can determine whether it was a buy or sell.
Mm's can jumble things up even more and it gets even more complicated and not worth the hassle.
Another way to check is to order the trades by time and compare if the trade was higher or lower than the previous one. Not great as different brokers can give you different quotes.
Hope that makes sense. I also have a lot more to learn from the markets.
Any corrections appreciated.
Thanks Rob/Zebra.
You wouldn’t think so but I’m not too bothered about the price short term,
having done well already. I would like to improve my knowledge though and
I was just trying to understand the odd price movements over the past few
sessions.
GLA
There are some whopping buys after hours. It bodes well for tomorrow I think.
Yeah it's not always easy to know if a trade is a buy or sell.
Regardless, 3 x 1mil buys this afternoon. Someone building a nice position.
Some more sellers to clear and then on our way.
Mick, the buys and sells are not accurate.
Also note we closed artificially high yesterday @6%.
All in all a good day and great to see buys of that size entering.
Sorry, my question was directed at John Henry. I did notice yesterday that lots of chunky off-book sells were showing up on the official LSE site, despite a rise of over 2 pence
A genuine question, how does that work if the ratio of buys v sells is 3.25:1?
Hi JH
Whilst my post was tongue in cheek, I wish you no malice...far from it
I would say however that folk should PLEASE not comment on running books...
as a bare minimum...
if they do not understand how 'ladders' work
and how back of the book deals operate
Anyone who has L2 and thinks they understand the book
needs please to look up 'Dunning Kruger Effect'
We are involved in a ferociously serious opportunity here...and I do not say that lightly
and I for one would not like folk to lose their hard earned money
through incorrect interpretations of things of which they may have insufficient experience
Simple example...
I or someone like me...
could pump out a large volume of shares yet leave the marked price up
Hope that makes sense
ATB
just normally supply demand movement.
completely wrong BradleyBear there was no tree shake.
In fact it was a pal of mine that put me onto PRD and recommended reading GRH posts. I read all his posts several times done my own research and invested.
However i also time my buys through technical analysis and Price action.
I was right tho wasn't I John hahaha! Told you it got kept down! Another one I've made look like they know nothing!
Imho GRH knowledge and research is second to non. I have found his posts very helpful.
On the day to day market mechanics i have a little experience gained through 25 years trading.
Yep... as I thought a hooray Henry..for what it’s worth and for all I know GRH is fake, but that does seem highly unlikely. His knowledge is thorough, coherent, intelligent and IMO very much worth listening to. I’ll take his knowledge and use it..it’s taken some time and much reading to believe in GRH and if he’s wrong there’s no blame attached, it’s down to me. Hooray Henry, you have considerable catching up to do, as does NO SoundReason to be here.!!
And two large trades after close....
Just what i observe through L2 RSP, DMA and 25 years of trading.
John Henry
That is a most interesting conclusion...about which I would like to know more, please
You KNOW about this stuff, do you?
That being so...please tell us your background ... such that you can be so certain
Me?
Oh...I almost forgot
I was MD at the second largest Inter Dealer Broker in the World
I look forward to you enlightening me re your views...
Thank you
ATB
Absolute tosh, MMs reacted to the wave of 50K 100K 250K sells
Evens but also with more buyers above 17.5p sadly mms have played a blinder
Considering yesterday's false closing sp we are just about evens for the day.
If its dropped because of that they now need to close the spread and bring it back up before days end. MMs yet again have shook the tree and we have ended up near yesterdays end of day price.