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Just saw this spike on Trading view on the minute charts. A great sign yes ??!!
Volume 500k. Price spiked 92.50 to 94.64
94p hardly a spike but happy it's blue
Unfortunately lots of sells went through after the close ..a sell of 228k at 90.5 went through around 7 pm. Not sure what this means. London Stock Exchange had final registered share price of 93.1 after traded shares closed. Tomorrow's opening could be anything !
Anyway , not much to be gained by real time price grazing.
Hi Candid investor
That closing deal you indicate could be a buy or sell. Anything above NMS (about 10,000 )can be delayed so therefore it may have been dealt as a buy at some point during the day but the price will be reflected at the closing price. Equally it may well be a sell but only declared because of its size after the close. Additionally there is always a closing balancing called as a UT (uncrossing trades). Hope this helps to unravel what can be very misleading at times.
Level 2 access is quite informative but costs .
Very best regards Bob
The LSE has a definitive guide as to definitions on trades on the book and well worth a look as
Thanks Bob , much appreciated. What you say makes sense . Hopefully on an upward march now ..
Another 1m share order jut put in at 11:58 today. The price also spiked in the minute charts at the same time from 94.88 to 98.04p.
Clearly someone is very confident in this share.
Yes I noticed that , but it got eliminated when the charts were summarised into a 15 minute slot.
@Candid, what do you mean? Within 1 minute there was a trade of over 1m shares where the price pushed up significantly.
It took another 40 minutes to cover 1m units, and all those trades were at a lower value, suggesting there's likely a holder/holders today at a price between 94.88 and 98p
Polymetal is also seeing a number of buy orders since the US CPI came out today at 13:30
Yep on 13:30 US Data and helped gold for obvious reasons
Mando . If you just Google the share price you get a graph showing today's movements . I just happened to take a glance at it when it spiked at around 98p when I looked back 20 minutes later it had fallen to around 95 and the spike had disappeared on the chart so that large purchase had been smoothed out .
You can check out the Hargreaves Lansdowne website for it and you can see what it opened at and what the high and low trade for the day figures are too, along with the trade volumes which lag behind by about 20 mins
@candid. OK, I don't think you're understanding what I'm saying. I'm looking at trades and volumes minute by minute in real time on a number of companies on a more professional software compared to google and HL. Thanks. ATB
Ah ok .. that explains it. Thanks
Hi Mando,
Thank you for providing the insight into what is really happening via your professional grade software and for your explanation to Candid.
It is good example of just how much advantage some have in the markets, on occasion I had insight into what was taking place on a professional level in the precious metals markets compared to what the retail investor /trader sees or has access to, which is usually very different to what is indicated in real time on the screens of those with professional level access.
Retail investors , even those with brokerage subscription accounts are still way behind the reality at the top which will be filtering down to retail levels in due course!
As you will be aware although Google finance may claim ti be in real time, its investor real time!
Almost 11M shares traded today, including that 1M buy @ 98.044 reported at 11:58:54
It is certainly an interesting price, as was the 500K trade yesterday at 94p.
I could have done better than that.
Could it be Worldquant closing out?
Mando
A favour...Any chance you can look back on your software to check a transaction for me....Last Thursday at approx 1402hrs I bought £9999 worth of shares at approx 95.35...I was unable to view this transaction as a Buy ....but could only see 2 trades of similar amounts displayed as a sell?
No problem if you cannot help here but ATB
HI George. Sorry, the system is not that sophisticated unfortunately. I'm using TradingView.com which costs me about $300/year. I'm not a pro-trader. I just use it to help manage my private investments. If a number of trades are done within the same minute, it combines buys and sells to show a red/green candlestick with the volume shown as green/red depending if overall the price ended higher or lower during that minute vs the previous minute.
Looking at the minute charts on 9th Sept 14:02 uk time I see as follows:
14:02 Vol 2.04k. Open 93.54; High 93.54; Low 93.50; Close 93.50
14:03 Vol 567. Open 93.48; High 93.48; Low 93.48; Close 93.48
14:04 Vol 16k. Open 93.48; High 93.52; Low 93.48; Close 93.52
This doesn't seem to tally with your trade or the pricing at the time. What trading platform are you using? Is your broker added their commission to your price as these are actual market prices I quote here. Hope this helps though.
Thank you Mando and no worries...I use HL..
At the time there was lots of small volume trades shown and in comparison mine was relatively large and then low and behold it then dissapeared off the listing and when I looked back there were 2 similar trades both shown as sells..
As an aside thanks again there are lots of genuine people on this site who are willing to help others who share a similar interest for trading and you are one of them so Thanks again and good luck with your trading
Rgds
George
Hi George
From memory directly in putting into the LSE trading platform.
You purchased £9000 odd pounds in CEY. lets say at 95.35. through your broker. From memory but I dont think the rules have changed that much your broker has 5 minutes to register that purchase in the LSE trading platform (the book) If it was larger then NMS normal Market Share then he could put it into the book(the LSE trading platform ) later and after trading closed at 4.30PM However during your trade at 95.35 the ticker price jumped to say 96 .5 the when it got entered it would show as a sell. Unless you have level2 access or the facility to trade the other side of the book then only believe the broker note you must have received regarding your purchase. It always saddens me to see these queries crop up as the LSE has some good advice . Manipulation of the book is quite regular as well as putting a buy order in at say 100p and then retracting it is quite common and skews the bid ask scenario. and can convert sells to buy and vice versa.
Not sure this helps but at the price you invested in CEY hopefully you will see a handsome return in the long run.
Kind regards
Bob
Hi Bob,
Thank you, my old broker friend gave me an explanation along the same lines around 20 years ago when the majority of trading was done by your personal broker and via the telephone, he always said that that market was skewed in favour of those that make it and they rarely come out on the wrong side!