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Thanks Trek - a comprehensive response to my simplistic reasoning!
ATB everyone.
The LSE algorithm used on this page only gauges a buy or sell according to if the trade was above or below the mid point at the time it ran.
So here are some facts.
# The published trades here can be 15mins late!
# If the spread is wide, there is no way of knowing what side of the mid point the trade was.
# If a sp falls quickly, say bad RNS, sells will look like buys as by the time the algorithm runs it puts a sell above the mid point and shows it as a buy.
# If a sp rises quickly, say good RNS, a buy will look like a sell as by the time the algorithm runs it will be below the mid point so the buy looks like a sell.
# Furthermore it there is a wide spread you may find some MM’s are so far apart from the mid point so how do you know if it’s a buy or sell.?
# If you use interactive investor you may get a prompt, we have improved your order by £162 so your buy may look like a sell when published as there was one MM with a better book.
# or the stock may be illiquid and there is only 1 MM with the min so they push the spread out, I have seen 40% spreads on AIM, to deter trades. Volume and liquidity are key to gauging value.
#For every buy there is at ‘some point’ a sell, why do you think the London Stock Exchange don't say buy or sell. It’s just a trade to them. It’s the aggressors price that is published. I.e the trade instigator. The simplest way to gauge the buy/sell demand is the SP trajectory, the volume, and the chart candles. So if sp is going up then overall they are being bought. The shares are overall in demand.
The chart here with good volume and good liquidity indicates that the shares are at the moment in demand so the price is rising. That’s about as sure as you can be.
Trek
£5
Be careful using the buy/sell volume..
I became a LTH of a share, thought I was buying cheap as buys frequently out paced the sells, but the price just kept falling.
Big trades going thru 1.3M - 12.30pm ......getting busy.....
@connexion,i was with share centre too, think ii are ok, but costs suit regular traders rather than buy and keepers
Business account doesn't sound good
Think yourself lucky you weren'y with the share centre.
I had two accounts a personal one and a business one (only because i have invested some company profit), both with £100 ,per year fee at share centre, taken over by ii who charge £120 (£10/mth) for the personal one and £600 (50/month) for the business one which very rarely trades!
Daylight robbery! The more they make the more others they take over and the more they'll charge. For a service which is automated it's a bl00dy disgrace.
NatePI,
That's great!!! Thank you. I have been trying to do this with the data displayed and copying the trades in an excel sheet :-))).
Of course it failed as I don't have the time and was missing a lot. Next thing was to use an active link to copy them as they scroll down.
I am not a day trader but I do it to learn and understand how the system of valuing the company based on buys and sells works. Also I want to see the time delay correlation between them.
I believe in numbers and I am not bad at them myself. The trick is always interpreting the data!!
Thank you again and if you have any more data tips they will be welcomed
Back to my day job now!! :-)
FlySea,
If you click the top left icon "HE1 Share Price" and scroll down, it will give you buys v sells, market cap, shares in issue etc.
I will add, it's not perfect and you should allow a 10% allowance each way as some buys do get recorded as sells and vice versa due to the very nature of the way it's recorded. However, it's equally never 50-100% incorrect, so if it's saying there's double the amount of sells then it could also be the case it's only 80-90% more sells.
A lot of BB participants will blindly ignore these crucial figures unless they're stacked in their favour so don't be fooled by anybody that tells you otherwise. Keep an eye on it, and watch how the MM pricing will swing throughout the day based on the number of buys v sells. You will see for yourself how they correlate.
Best, Nate
@NatePI Thank you for the info.
How to you get these totals? Is it available on Level 2 or you are doing some extra calculations too?
MMMmmm if thats correct then the MM's will have to raise the price or make a big loss.. 26p it is lol
Don’t be silly. You’ve even got L2, therefore can see all buys going though under mid. Don’t mess with the people who don’t know better.
Vol. Sold 12,160,523
Sold Value £3m
Vol. Bought 5,560,103
Bought Value £1m
Looking more likely that we'll see a drop into the afternoon based on the above to allow more buyers in before any further move up. There's been too much resistance selling here at ALH's for us to move up any further without the fresh buyers.