RE: Confused Dot Com26 Mar 2021 11:46
Fair and valid points DarfPhart. There are so many variables that can affect the share, bearish economic uncertainty or bullishness, general sector concerns and the overall desire to move money into a different sector or of course, back again, inflation, impacting legislation and so on and so on. But where an individual company is generally performing heads and shoulders above its peers or at the very least in the top of its sector, that company can buck some or all of the outside influences. And I see EQT as being a pretty good example. Their fantastic turnaround, the ever increasing pipeline of potential orders, the increasing ability to tender on those they’ve triaged as most likely and near term, The impact they are bringing to Billingham (which had been pretty much a defunct project under prior entities), the foothold into America with Northfork (and the crucial abandonment of the CC), Greece et al, the list goes on! In fact, A good read of a of aandi’s posts wherein he distils what’s happening and some of the research and articles around EQT really does amplify the quality of this stock.
So it’s when you bare all of this in mind, and see general buying and selling of the stock on a day-to-day basis that follows suit, it becomes more noticeable when The SP doesn’t follow or appears to deviate from typical movement you would expect from a days trading direction and volume. Monday was a stunning example of this in action. It was obvious, as you were watching the trades come through, which were pretty much 99.9% Buys and at high volumes in the morning, as a reaction to the RNS, that the MM’s appeared to not reflect that buying pressure which ordinarily is highly unusual! Price should have been climbing in order to encourage sellers so that the MM’s can meet the buying demand and of course make a lot of money in the process. As you watched Level 2 movements by the MM’s it was clear that they didn’t need to encourage sellers at all. And of course it became all to clear after the close when we saw around 79,000,000 in background selling finally get posted! So in other words, the demand for shares from buyers was more than met by the supply of stock coming from these large Sell orders. And as explained below, it’s my belief it was a continuance of the JH Sell off. I think it’s reasonable to assume that, as no one else has declared on a TR1 any large movements. Obviously that would only be if they were above 3%.
Some PI’s on here have mentioned along the lines of ‘so what‘, if you’re taking the long-term view it’s irrelevant. And, to a degree, I would agree however, as I said in a previous post, I think it’s still worthwhile if not important to understand Price movement and cause-and-effect of a stock at the current time. Not only to increase knowledge and understanding but also being able to comment on what’s going on may help others to gain a better understanding before potentially making a rash decision, be it Buy or Sell
GLA
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