London South East | The UK's favourite investor portal.

“Mm’s holding this back, buys coming in and we are still red?”

Really. How can you qualify that with a +7% spread..?

Any spread of over an arbitrary 3% is pretty useless for gauging buys and sells. The LSE algorithm used on this page only gauges a buy or sell according to if the trade was above or below the mid point at the time it ran.

So here are some facts.

# The published trades here can be 15mins late.
# If the spread is wide, there is no way of knowing what side of the mid point the trade was.
# If a sp falls quickly sells will look like buys as by the time the algorithm runs it puts a sell above the mid point and shows it as a buy.
# If a sp rises quickly a buy will look like a sell as by the time the algorithm runs it will be below the mid point so the buy looks like a sell.

# Furthermore with a wide spread you may find some MM’s are so far apart from the mid point so how do you know if it’s a buy or sell.?

# If you use interactive investor you may get a prompt, we have improved your order by £162 so your buy may look like a sell when published as there was one MM with a better book.

# or the stock may be illiquid and there is only 1 MM with the min so they push the spread out, I have seen 40% spreads on AIM, to deter trades. See volume and liquidity are key to gauging value.

I hope that explains some of the myths. But what difference does it make.

For every buy there is at some point a sell, why do you think the London Stock Exchange don't say buy or sell. It’s just a trade to them. It’s just the aggressors price that is published. I.e the trade instigator. The simplest way to gauge the buy/sell demand is the SP trajectory, the volume, and the chart candles. So overall these are being bought. The shares are overall in demand.

Now amongst that you do get MM schemes, often ALGO driven or granted more ‘Machiavellian’ behaviour if there are just a few MM’s holding a book and usually in low volumes to create liquidity but they have to follow the MiFid rules and post a scheme. But that is not the case here with often 6 books and reasonable volume, atm.

This is not a ramp or deramp it’s just intended to help PI’s.

Definition: market making incentive schemes that the Exchange is mandated to offer under Article 48(2)(b) of MiFID and Article 1 of Commission Delegated Regulation (EU) 2017/578

Page 58 covers it and also ALGO trades. Peeps should learn the offside rule before they play footy because you can be sure the MM knows all the rules! ATB.

https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

Here is the daily volume.

https://www.londonstockexchange.com/stock/SYM/symphony-environmental-technologies-plc/trade-recap

Here are today’s trades. NO ALGO trades, if anything that’s unusual.

https://api.londonstockexchange.com/api/gw/lse/download/SYM/trades

You can look at the buy sell candles on any of the free charts. Just don’t get me onto charts! Lol.

ATB,

Hi EyesRight,

Permit 10p. Then it’s on for production.POG imo at worse will tread water until Christmas but I think many are expecting 2300. Who knows but I look at it this way. It’s more likely to go up than down from here.

If GRL produce by Christmas, and it doesn’t need to be a lot, they just gotta say we are a producer and it’s 20p min. That’s very conservative. We are a 21m mcap with a minimal free float. And a very likely takeover target as in a top gold postcode, financed with Bill on the BoD. There are so many t/o ‘disclaimers’ in the RNS’s that is to me pretty obvious we’ll be bought. We also operate in a mining friendly country and we have proven resources and potential upside. Just need a decent pump! Lol!

Anyway I have been buying here and added another 30k just now.

Resistance is 9.2 which should be broken pretty easily. There is a tiny gap at 6p but arguably it was covered by the spike back in June so unless something changes I don’t see it going there but if setting a stop 6.5p would be about right but then given the float I would not be surprised to see a flash crash and grab here.

With macro driving (unfortunately) the POG and so few shares on offer and about to produce this is the best bet on AIM in terms of risk reward imo.

For less risk less reward SGZ is good value, as a hedge for gold SHG and as a buy and forget to look forward to a dividend in a couple years is PUR. PUR is about as good as it gets for that. Sure there are others. I hold a few more including GGP from way back but I see more upside here short term.

I knocked up a simple matrix with the things I like across the top like, Funded, BoD experience, postcode, production date, TA, debt, investors, Director holdings, etc and then 30 odd small cap AIM companies down the side and scored each one and then added a risk factor. GRL came out tops by some way for my analysis. Hence I have been buying consistently where I can but will stop at 9p. ATB

https://www.marketscreener.com/GOLDSTONE-RESOURCES-LIMIT-23084779/charts/

Trek

Latest Share Chat

Member Info for TrekMadone

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)