RE: Share sales v buys.17 Jun 2024 19:06
Ellmethispen,
16:56 today
"Interesting to note that the amount of sells significantly outweighs the buys yet the share price has held up very well! Perhaps that is because they are being mopped up in the background and the buyer still wants some more!"
Yes, I agree with you, looking at it from the outside it does appear interesting, maybe even odd.
On face value, we are presented with "determined" buys and sells.
They are all transactions - if you want to buy 100 shares and I want to sell 100 shares and our prices match, especially at auction stages - what will that transaction be declared as, a buy or a sell? It's my understanding that when that trade takes place the current price will determine what it is. If our agreement price is below the current price it will be noted as a buy and vice-versa. It's worth bearing in mind that the "current price" is simply a searching point created by the algorithm. As for a buyer still wanting more - I think that will be dark pool transactions. Volumes don't suggest a big order.
Of course, I'm not suggesting you don't already know this but it might be helpful for others who are not familiar with the workings. No doubt AI is playing a big part in transactions now too.
We have over 5 Billion shares and the volume of buys and sells today do not move the SP, not even by the tiniest amount.
For those who would like to get a better understanding I would suggest looking at sites such as Investopedia, Centerpoint and Quantmatter, there's loads of others too of course. Investopedia was my starting point - nice and easy.
If anyone would like to get a grasp of the exploration, discovery, mining and the methods of such, then without a doubt Bamps21 is the go-to man on here. The guy is dedicated and it's blatantly obvious, to me at least, he is at the top of his game. His info is accurate, his opinions and views are built on the solid foundations of his research.
Legend has it that Mr Day has at times been perplexed by the knowledge behind questions raised by Bamps21. That's got to be good surely.
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