RE: Today Trades deep dive1 Oct 2020 21:04
An Update for 01/10/20.
Approx. Total buys £3,462,947 (shares 2,092,872)
Approx. Totals Sells £2,425,996 (shares 1, 474,892)
Buys outweigh sells by £1m+ (620k shares)
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5000/10000 vol trades bought value: £980k (590k shares)
5000/10000 vol trades sold value: £736k (440k shares)
(Note: delayed trades have been adjusted to their appropriate buy/sell with the spread at their time of printing.)
Again the large delayed trades (printed the day after sold) again pretty much equal each other out again today.
Large delayed sells (29th Sept): 545k shares
Large delayed buys (29th Sept): 520k shares
Large delayed sells (30th Sept): 590k shares
Large delayed buys (30th Sept): 553k shares
So not sure there is much point in continuing to analyse trades like this over the coming days but it helped me to get my head around this drop being an orchestrated share collecting exercise by the mm's rather than something more serious. The most interesting thing that has come out of this exercise is that yesterday, approx. 50% of 5000/10000 sells happened in the first 30 minutes of trading and nearly all of them done by 10AM. An obvious tactic to scare people into parting with their shares!
Hopefully another strong day tomorrow.
GLA