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Planning on increasing my holdings on the bell. Too much buzz around. It moves quickly on little volume too. Anyone have any idea of what the free float is right now after the TR1’s during the week?
I’ll be adding to my holding tomorrow. Prob wait to see how it opens but not for long as level 2 was thin on the 2p offer at close on Friday.
The only stress over a 5m buy here should be if it was your own because we're still at ground floor level to where this is going.
Hi Guys
Yeah ... I think I was a bit quick with my view ( not like me lol)
Anyway having had chance to reflect I agree it must have been a worked order as it was circa 10per cent of the whole days trading
sorry for confusion
MCfirth
Surly it's the price action prior to the declaration time that's significant. If the trader's average prices was 2.01, how does that compare to the bid/ask range in the day, maybe 2, prior to 16:23 on the 25th? To me, this then suggests a buy. The Bid oscillated between 1.95 and 2... the latter harvested shares to supply the buy.
Exactly tucky, you are spot on. It was almost certainly a worked order over a period of time and I agree could have taken hours and maybe even a day or so. My guess is it was worked across the course of the day as printed at 16.23.
Given the price performance on the share after this was printed does suggest for me that it was a sell order.
And McFirth, I cannot imagine any MM offering 5m shares in this stock at one specific point in time. Ludicrous to think that would be the case. Clearly incorrect to look at the time of the print and the bid/offerrange at that moment to decide it was a buy.
The problem is a trade to the value of £100k wouldn't just have executed at the time it shows. It will have been an order, maybe taking hours or days to fill and the price will be an average. The time is just when they load the outcome so that they adhere to market rules. So it's impossible to tell if it's a buy or a sell from the time stamp on such a trade. I think it will be a sell due to how the price has reacted over the last few trading days but that's just a guess.
Hi roletbirkin
Your right it was from Thursday but it is 100 per cent absolutely a buy
Even if you don’t have level 2 you can confirm this
Just scroll down the trades on this site and go back to the time of the trade ..... you will see the clear evidence that this was a buy ....
I can post the trades if you can’t find them
Tbh doesn’t matter whether buy or sell the trades been filled, it’s large trades like that that have held the price at 2p, maybe brakes are off.
Although the 5mil is at or close to the buy price at the time not the sell price, only the owner will know until we are informed by TR1.
and that 5m trade was from Thursday and not Friday - dated the 25th Feb.
So looks a sell and not a buy.
I wonder who it might be?
Delayed 5m buy from yesterday at 4.23pm. Someone extremely confident then.