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Seemed like a perfectly sensible question. Should the questioner remain ignorant save searching the entire forum for an answer to his musing? The questioner doesn't need to know the vagaries of LSE reporting to be able to invest wisely. Given that the reporting, as per the given explanation, is prone to errors, why would anyone use it as any basis of an investment decision. As has already been said, there is always a counterparty to any trade.
I’ve lost count of how many times this clear cut statement about buy and sell has been posted. Why don’t people get it? They shouldn’t really be investing should they?
Cheers ATD pal
I get it, thanks for explanation.
Lesson on sells vs buys...
There are NO sells or buys as signalled by the Stock Exhange.
There is retail and MM. Every retail sell has been bought by a MM. Every retail buy is a sell by a MM.
The Stock exchange only records and anounces a 'transaction - price and volume'. A site like LSE gets the transaction feed it compares the transaction to the mid point of the L2 spread and if the transaction falls below the mid point it gets tagged a sell and if above tagged a buy.
Now if the spread is 4.4 - 4.7 (wide) and the mid point is 4.55 that is the figure used.....if MMs are offering retail 4.41p to sell and 4.51p to buy both falll below mid point and so if a transaction (retail buy) occurs at 4.51p LSE will call it a sell.
If you are uncertain during the day do a small dummy buy and sell and get a feel for the real buy and sell price offered by MMs.
If looking back and you see 4.41...4.41...4.405...4.49....4.40... I can assure you the 4.49p was a buy.
Yes, that's helpful. Thank you .
Sivad, in my mind it depends on the price of the transaction -whether it is nearer to the bid or offer price. If there are more buyers initiating trades at or near the bid price then the trade will be identified as a buy ( even though as you say there has to be a counter party seller). If there are more trades initiated by sellers at or near the offer price, then the trade will be identified as a sale. Hope that helps?
If that is the case, where do the shares bought come from? I always thought a 'buy' had to be matched to a 'sell'
Otherwise there would be an imbalance in the share capital value ?Somebody please explain.
Not really. If SAV announced a successful EIA tomorrow there would be a lot more buys than sells. That's why the price would rise.
I am not sure how to assess the buys v sells. Does anyone know if the number of buys and sells should be equal over the trading day?
I was looking at the numbers reported on ADVFN, which have now disappeared un fortunately, but their numbers certainly didn’t point that way. From memory there weren’t trades to the exact minute, but the levels achieved were much closer to the selling price at the time. I have no axe to grind and just look forward to much higher prices with much in the pipeline to deliver on expectations.
Inbrackets - not sure why you are questioning the two buy 1,000,000 buys? The timestamp on the trades were 10:09 and 10:46. At that time buys came in at 4.6 and sells at 4.5.
These both had a buy price of 4.7!
If you say so.
Both definite buys looking at the trade times.
Two delayed reports of trades. Looking at the timing, buys? Or sells?
Whichever, lots to look forward to over the coming days/weeks.
Two 1 million share buys popped after hours. Looks like the bigger buyers have arrived, Institutional investor?