RE: Roller-Coaster!9 May 2022 19:54
I am not convinced that all these unknown large trades are buys, the last of todays 300k is a sell. As for the others, probably a mix but to be honest it doesn't matter does it. Our best days here is when the sells are bigger than the buys which means the bidder is more active and not the seller on the ask, who creates the listed buys. Funny old game eh.... What I think is happening is that the book is being controlled. Look at this morning, price was early 5s then somebody dropped the bid to 4 with an ask of 4.5 due to weak volume, it was 20 percent plus higher than that 5 minutes before. Who the hell can do that and just like that? There are other market makers with buy and sell orders at differing prices normally, who can just drop the bid and ask by that much on no volume to create a totally different trading book for the day?? Somebody tell me, because normally it cannot be done.