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Now *that’s* what I call a delayed buy! That must be the largest single trade we’ve seen here for some time...
Thanks for that 15 year old article. Here, for what it's worth, is a 10 year old academic paper which found naked shorting to be 'net beneficial for liquidity and pricing efficiency':
https://www.ou.edu/dam/price/Finance/files/Naked_Short_Selling.pdf
But whatever. My point is that people on here routinely complain about delayed buys showing as sells, presumably under the impression that the dastardly MMs are trying to scare weak holders into parting with their shares at an unfairly low price. But when the opposite occurs, what? Is that the MMs trying to artificially inflate the SP? Maybe. If you think there's naked shorting at work, do you think this share, which has risen 200% in the last 12 months, is currently under attack by a wave of shorters?
AIM is a barely regulated cesspool whose illiquidity leaves it wide open to manipulation. And I've no doubt that SGZ has seen its share of that. But when when a soon-to-be-producing miner sees the price of its product drop, and risks to its development schedule increase, is it not just *slightly possible* that a market participant thinks 'I'll take some of that risk off the table thanks', sells a chunk into an illiquid market, and the price drops a bit as a result?
With today technology there is no excuses for unknown trades. Or buys that are actually sells .
And this is conspiracy proven ( not conspiracy theory unproven )
https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist
Peryskop, that 117p trade at 12.28 on Monday was clearly a sell, hence the southerly SP movement that lunchtime. It’s unsurprising that some de-risking occurred on Monday. Sometimes a trade is just a trade, not a conspiracy.
Good to see a tick back up again today. Gold under pressure but should be another short term ‘sell anything in profit for dollars and US treasuries’ phase. Very, very encouraging Twitter update. Come on Scotgold!
Another delayed buy 28.01k
22-Sep-20 11:59:35 113.50 2,683 Unknown* 111.00 116.00 3,045 O
22-Sep-20 11:42:51 113.50 504 Unknown* 111.00 116.00 572.04 O
22-Sep-20 11:10:31 112.00 3,126 Sell* 112.00 118.00 3,501 O
22-Sep-20 11:02:55 112.10 1,316 Sell* 112.00 118.00 1,475 O
22-Sep-20 10:44:52 114.10 1,222 Sell* 113.00 120.00 1,394 O
22-Sep-20 09:40:21 115.00 2,000 Sell* 115.00 120.00 2,300 O
21-Sep-20 12:28:51 120.00 -5,000 Buy* 115.00 120.00 -6,000 O
22-Sep-20 09:00:35 115.50 1,000 Sell* 115.00 120.00 1,155 O
22-Sep-20 08:58:33 116.00 2,063 Sell* 116.00 120.00 2,393 O
22-Sep-20 08:53:02 119.80 245 Buy* 116.00 120.00 293.51 O
22-Sep-20 08:32:54 119.80 827 Buy* 116.00 120.00 990.75 O
21-Sep-20 16:35:03 118.00 2,514 Unknown* 116.00 120.00 2,967
Someone have to wonder if they run steam powered abacus to count trades ?
Amount of Unknown (trades) is staggering .
But most of all this 5k shares
21-Sep-20 12:28:51 120.00 -5,000 Buy* 115.00 120.00 -6,000
Ordinary , Deletion , Delayed Publication , Historical
Is crazy !