RE: Sells27 Feb 2020 17:25
whole trades are people with either that whole amount because that is what they bought originally or way more than that and selling in pieces but its the 'lot' size they can buy/sell to/from a MM at any given offered price. Most often people only take the best price, but that best price might only have 100k offered, but you have 200k. If you want to sell 200k at one go you will have to take a lower price. This gets worse the more you want to sell, say 1 million shares. You want to offload those at one go you will be offered well away from the spread so you have to sell smaller lots being offered by the MMs at that time. So you eat away at the liquidity at the front of the BID, until you sell them all, at a falling price, but probably better than trying it in one lump. Round numbers could be traders selling their trading lots but have a core holding.
Essentially the sellers have amounts to sell bigger than the amounts offered at the front of the bid at any one time, so round numbers unti they run out......Fingers crossed that some of it is RG or a lot of people seeing bad times ahead. All shars fall when blood is on the street, whether current markets conditions actually affect their share or not. 2-3 years from now this would be important to HZM but the virus will be long gone! Currently it affects sentiment and perhaps negotiations. Still its the price of Nickel in 3 years that will affect this company in reality.