A walk thru the trades (19/09)20 Sep 2017 01:01
The trades on Tuesday, or at least some of them, bother me. I'm writing this post to try and clarify what I believe really happened earlier today.
Well nothing happened in the first ten minutes then we got two smallish sells of 46.7k and 60k in the next five minutes.
On to half past eight, now the next three trades really bother me. We have deals for 300k, 350k and 350k all at the same precise time 08:31:58. The prices for these trades all indicate they were buys to me. I wasn't around this morning to check but yesterday's closing quote was 2.15p - 2.19p. These trades were 2.19p and 2.20p therefore I make all three buys.
So after half an hour sells = 106.7k, buys = 1m but I reserve my right to assume the buys were all genuine. To achieve three buys all at the exact time would require some bright souls to be decked out with 3 screens, 3 keyboards and inordinately excellent finger push timing. Let's see if some get cancelled tomorrow.
It all goes quiet until 09:20 but from then on I think we get sales all the way thru to 13:45. Total sales in that period = 1,296,410. 1.3m to make things easy for me.
Total sales now 1.4m, buys 1m at 13:45.
Nothing more until I buy 75k at 14:07 then, apart from a 20k sell twenty minutes after me, nothing but buys until end of play.
Totals from 14:07 to end of play - sells 20k, buys 985k.
So for the day - sells = 1.42m, buys 1.985m. At least until we see tomorrow if any of those 08:31:58 trades get cancelled.
As it appears to me for the moment, we've just had a day when there were 565k more buys than sells and the price dropped nearly 14%. Are we PI's being played? I rather think so. But there is a persistent seller about and Clever Trevor is the likely culprit. Trevor, if you read these boards, look what your selling has done to the value of your remaining holding. You do yourself no favours behaving the way you do.
Well, that's got my thoughts down clearly on a rocky sort of day. My apologies to any of you out in the e-world who find all my trades talks dull and meaningless. To anyone who does get something from my posts thanks for continuing to read them.
Here's hoping we get a trading update very soon and that it is something worth cheering from on high.