The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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That analysis is correct, the spread also has a factor. If it’s wide you can have a buy slightly below the mid point because of an outlier of a MM. That’s why you get a message like ‘interactive investor has improved your order by say £100’.
The primary reason though is there is a 15min delay on the algorithm. So during times of high SP volatility buys can look like sells when the SP is rising quickly as by the time the ALGO runs the buy is below the mid point = sell stamp.
Or say there is an horrendous RNS and the SP falls quickly. In that event sells look like buys because by the time the algorithm runs the price has dropped so your sell is now above the mid point and looks like a buy.
There are a couple other reasons but all said during normal volumes and normal trading conditions it’s a reasonable gauge. But one should always use the overall SP trajectory over time and buy sell candles to give a trend.
Also remember it’s always the ‘aggressor’s’ trade that is published.
Trek
You are very welcome dhub, and yes the buy's and sells used to confuse me too until it was exampled to me. I do wonder where CB58 has gone because he used to be a frequent contributor on here unless he has sold up.
Thanks Silvercoin, I sort of knew how it worked anyway. It is just off putting to someone who maybe considering buying when he/she sees a load of trades that he/she thinks are sells. It's just misleading, that's all. I knew it worked the other way too.
Thanks anyway
dhub, Copied and pasted from Crystalball58's bb posting.
Here is an example of why buys show up as sells:
Bid= 2p
Mid Point= 3p
Ask= 4p
My market "Sell" trade goes through at 2.75p (it is below the Mid Point of 3p and therefore shows as a "Sell").
The system then registers the Ask Price ticking down to 3p.
Bid= 2p
Mid Point= 2.5p
Ask= 3p
My next market "Sell" trade goes through at 2.70p (this is now above the Mid Point of 2.5p and therefore shows as a "Buy" even though in reality it was a sell).
This all works in reverse too, making "Buy" trades look like "Sell" trades….Hope this helps ;>))
1.5m dummy buy is 0.815p this morning, so all trades so far this morning are all buys
Details of Hallgarten video here https://twitter.com/ShareTalkNews/status/1392034898781908992?s=20
Details of Hallgarten note here. https://twitter.com/hallgartenco/status/1392025705689591810?s=19
WH Ireland launches on THR with a price target to 2.6p
Hallgarten and Company launch with a price target of $0.06
So America was up 175%, Australia was down over 6%??? Are there really the same company?
I guess anything could happen in the UK market today? Comments anyone please
Really hoping that the Enviro results are solid because https://www.dailymail.co.uk/money/markets/article-9563411/Australias-iron-ore-boom-Investors-profit-global-economy-recovers.html
https://ih.advfn.com/stock-market/USOTC/thor-mining-qb-THORF/stock-price
Let’s hope so
Wow, Thor up 165% on OTCQB. Could something be brewing? https://uk.finance.yahoo.com/quote/THORF?p=THORF&.tsrc=fin-srch
bsg4 at which price does this share have to hit for you to stop posting on here?
unable to get a quote from jarvis.is there something in the wind?
Its always struck me that Groundhog is rather apt for THR
H
unlike you bsg lol
At this rate the super cycle will pass us by.
I could be mistaken for believing this wailing wall has seen more tears than the one in Jerusalem...
Looking at their presentation it says they're starting an RC drilling program in June 2021 targeting high grade uranium and vanadium mineralisation at Groundhog and Rim Rock. They're also starting an RC drilling program in Ragged Range looking at gold. Sounds to me that they're following up on all the sampling and research they've done in these areas.
all talk and no action, cmon get a move on
in the last 12 months
worldwide,about $15 to 20 trillion of QE/stimulus spend,is expected.
a big percentage of that,on infrastrure.
that's 4 times more,than after the 2008 banks crashed
thats a lotta commodities m8
I'm sure Mick and his hammer and chisel have been responsible for immeasurable worldwide marital discord!
I agree with everything in that article except for the copper demand due to EVs.I think that has generally been vastly overstated in that EVs will,I believe,have a window of maybe 10/12 years max before they are rendered obsolete by hydrogen fuelled cars ,the economics for which will be completely transformed in the near future.
H