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US open today should be interesting what with the UK dropping so hard at the end of the quarter
Echoing Pokerchips' comment on not taking too much notice of the buy/sell figures, they are often very unreliable, particularly when there is a high volume of trades and the spread is quite volatile, or the reported spread doesn't align with the actual trading. The LSE algorithm can't always match the trade price to the right side of the mid point and so can often over/understate either side. Another share I'm looking at had a reported spread of 97 - 103 all day yesterday but most sells were c.97 and most buys c.99 - so every single trade was reported as a sell.
Habus, that Cameron contract is regular business for a company like WG, they won't issue an RNS (or PRN) for every contract win, only for those that make a material difference. Or if they are in a quiet period and want to remind the market they exist.
On market down days it is common to see "more buys than sells " ...but that is largely because the buyers only turned up as the price dropped....they wouldnt have been there otherwise....
I wouldnt take too much notice of the buy/sell figures myself ...
" the uncrossing trade was about 500,000 sells "
No...the UT provides the number of shares traded in the after market auction ....traded...some bought whilst others sold as a result of the potential trades still on the book
The fact you think it is a sell often is because the price the auction was priced at was below the market closing price....the buyers were not pushing to pay more ..the sellers accepted the bid
I sometimes think these auctions are where shorters buy to close out
Acuba, I'm as blind as you are when it comes to understanding why prices go down when there are more buys than sells (and visa versa).
My take is this: we all think more buys will push the price up and more sells will push the price down.
But if there is a large buy order or sell order by a big holder/institution, it works the other way.
For example, if a big holder want's to buy 500,000 shares. Other holders have to sell 500,000 shares.
For that reason, the price is pushed up to encourage holders to sell. So it looks like there are more sells than buys but the price goes up. Same goes on the way down.
A big holder want's to sell buy 500,000 shares. Other holders have to buy 500,000 shares. For that reason, the price is pushed down to encourage holders to buy. So it looks like there are more buys than sells but the price goes down.
That's my uneducated take.
I always look at the uncrossing trade at the end of the day as that does usually balance things out.
But today with Wood, the uncrossing trade was about 500,000 sells but that was included in the figure I mentioned before:
Vol Sold: = 1,185,019
Vol Bought: = 1,931,780
I'm down but a happy holder because I don't expect to be in profit all the time.
What matters is the price when I want/need to sell.
Nacho99
Those numbers are the cummulative for the day surely. It shows more buys than sells certainly but in reality for every sale there is a but - Uncrossing Trade at the end of the day takes care of difference between buy and sell numbers.
I think I am right in what i am saying but sure someone with more knowledge than me will step up to correct if Im wrong
As sure as I can be if I go by the statistics on this website.
Look here: https://www.lse.co.uk/share-fundamentals.asp?shareprice=WG.&share=Wood-Group-J
Vol Sold: = 1,185,019
Vol Bought: = 1,931,780
It was a buy. If someone is happy to buy that amount now, that shows that someone is happy to invest £1,000,000 in Wood right now.
I was holding when Wood hit 152p and my average was 204p.
I've managed to bring my average down to 172p since then.
Are you sure that was a buy?
No idea but did I saw 3 buys today over £100,000 and one of them was for £1,000,0000.
How come there is not RNS?
Wood awarded owner’s engineer contract for Cameron LNG expansion project
https://www.woodplc.com/news/latest-press-releases/2022/wood-awarded-owners-engineer-contract-for-cameron-lng-expansion-project