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CNKS upped the bid
1 v 1
a 2m trade at 3.752p just printed...Is that a delayed trade or real time?
Back to the open price soon by the looks of it, great showing of strength in the market today. In the past these sell offs have just driven it back down so let's hope this continues.
As for DMA, if you buy at price you pay the MM's spread. If you go on the book, you buy direct from a seller, if someone else is prepared to sell at that price, there by cutting out the MM's and the keeping the spread for yourself. Same in reverse for selling.
If the spread is wide, it can be useful (think SEE in the past with a 5+% spread). If it's tight (<1%) then not so much. Of course, if things are moving, you might just want in or out there and then so it's a risk you take using DMA.
It can be quite handy for catching a dip, for example you could have set an order to buy today at 3.4p ready to fill as the price pulled back.
just moved to 2 v 1...movement
BERG's just jumped on the bid
Couldn't agree more Schlem. I don't have DMA and never likely too either.
sw - You know something. Sometime's it's better to keep it simple. Buy at a price and sell at a price. It's useful to understand the pressures on the share price as per the order book ie understanding the mechanism of price action and why prices actually move but it can become all consuming and you tend to lose focus so from now I'm gonna keep it simple
'as'
bid - So has the DMA bid order of 800k at 3.45p been filled? If not, why place the order on the order book in the first place? I can't get my head around that. Is it to support the price during the auction process?
I don't fully understand DMA myself but I do know that you can play the system whereby you can buy at the sell price, therefore having an advantage from the start. Robbie Burns of The Naked Trader fame does seminars that includes this element.
Whoever put the DMA order on the bid at 3.45 is surely playing the book? Is this allowed? I'm still learning the dark arts of order book control. Unfortunately for me my understanding and appreciation of such tactics is still sat at an amateur level
John
The auction is a price discovery mechanism...it's complicated beyond belief!
Only 21k went through in the auction. Also just had a 1.5mm sell on a SINT at 3.5
Thanks for Commentary Schlemiel . Auction ?? Thanks
Auction
There's a hefty DMA buy order of 800k at 3.45
1 v 4 now with CFEQ at 3.45 and CNKS jumping to 3.60 with 3 dated sell orders also at 3.6p
BEGO still snoring at 3.3p
1 v 1 -
Cenkos active but it's nowt except profit-takers...It's the MMs simply adjusting their positions and prices to absorb that exiting by lower priced buyers
Still low volume but still moving down, now -6.2%. Beremberg's price is getting closer Schlem.
Over recent weeks Berenberg's (BERG) been the most active bidder but he's way 'off touch' at present at 3.3p. If BERG moves up then that's a positive
3 v 1 (all the usual 100k size)
Volume piddly though - only 50 grands worth of notional so far. Let's hope we get that block buyer back later!
Schlem. Keep it coming please, the more the better.
Price moving quickly down at the moment (-4.2%) I assume on profit taking judging from what you're saying. I was hoping it may have been a mini-tree shake but obviously not :(
With the recent deflation of Jack Boyer's influence over SEE it's interesting to observe the way in which the sp of another company he has control within has otherwise unaccountably fallen just as SEE's price rises.
I'd be quite happy if SEE got a takeover offer but I do feel the sp performance has been 'engineered' downwards since (coincidentally of course!) Boyer appeared.
1 v 1 on profit taking with no real MM interest at present so flaccid at present