RE: Today's Trading result would actually confirm...30 Aug 2024 20:44
Ojay, my theory has been that we’ve got a large seller who is selling into strength and after a bunch of buys. Today, volume was down with little heavy buying. We had one good stint, where 3 x 500k blocks were sold within 19 seconds of each other.
Investor33’s view is this:
“Well the trading desks are dealing in large numbers of shares when it comes to accumulation and distribution. They have much more financial muscle than your typical retail investor. And dealing in large quantities, they can buy at the bottom of the range that they are trying to keep it within, and then offload some at the top of the range if they choose. And maybe short at the top as well. So whilst it stays in the predesignated range, they make money in both directions”
We haven’t seen large volumes today. So while Investor could well be right, your statement (a whole, brand new thread no less) that today’s trading would confirm Investor33 to be correct, is a load of conkers.