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Just shown up!?
trader interest today. Whoever was buying straight from the bell never gave up until about 10:31 and then they'd trousered 5m. Then people got to notice and traders were pouring in for a while and then quite a lot got out again. Will we hear anything or will this day just go down as the largest day for 12 months(or more) and quickly be forgotten? Time will tell.
Reckon it's a good sign that there is interest, that something is afoot, that suddenly 7m shares can trade. Just a good omen as to what might happen when we have some really good news to celebrate. Still reckon there was over 6m Buys to less than 1m Sells.
is it not time we had an update
Very strange SP movement based on the mornings trading. If nothing else, at least we have a tight spread now.
About 6.5m shares Bought About 0.5m Sold It'll balance out one day.
false hope
but what was that. Waited ages to buy here. Two months of consolidation and finally this morning we get breakout coinciding with a long term breakout in silver. As soon as we move, punch in the effin mouth. MM jokers.
Anybody heard from Stepptoe?
not sure if this spike in volume is a good thing or the start of someone(s) bailing out. It cannot be the BOD selling as they are in a closed period... IF the Chinese are bailing then its worrisome... On the bright side the company will need to issue a holdings RNS once we pass 3% holdings... so some news to look forward too...
if the chinese decide to go to a gold standard then gold will fly and it could see the demise of the dollar
It could explain why the shareprice has underperformed recently, amid the gold upturn, maybe whatever needed moving has been has been alleviated by the buying thus morning, hopefully we can move forward easier now.
Was thinking the same. Where the stock coming from to be traded?
Bizarre, a couple of grands worth of Sells and the sp is going back down. It's as if the 6m Buys never happened ?!?
Yes I agree - does seem odd. Can it be two institutions dealing "off market" to echange large volume. Price agreed beforehand so only going through the market as formailty. This could be why market not moving? IMO good to have some movement of sorts for whatever reason. Whoever is selling obviously wants out but the buyer is buying so that is good! Could also be move between accounts of same person - like gifting to kids or moving into trust etc. We have seen large volumes before with material change in company circumstances.
With the available freefloat compared to the volume traded the shareprice is virtually static, albeit it has moved since I posted.
Why wrong?
Something very wrong here ?
Over 5m traded but we haven't really moved that much. Where's the stock coming from ? Where's it going to? 5m is nearly 2% of the company Ah, ticked up and now 5.6m traded !
for at least 12 months - now about 4.7m traded. Just alerted/questioned Linda.
Not sure what it is but it's sure not sleepy Bed & ISA. Massive volume 3.7m - sorry too slow typing, now about 4m traded
Huge volume compared to normal... and yet price does not move. Either someone is bed and isa or gifting to next generation or some institution is getting out and doing off market deals. How else could such large volume go through illiquid stock and not move price??
Still hammering in - another 255k at 09:54 Trade, trade, trade and keep on trading.
Highest volume today for over 3 months (12 month High was 4.5m traded). Apparently 81,000 also Bought on ISDX (this exchange is having teething probs I've been told with it's new site, but could be fixed today)
Doc H. effect? Leak ? My bet is : Traders At the moment it's a concerted 'Traders IN'. Massive concerted buying from the bell. Anyway, go on, I'm stocked up.